Market leader in Indian super abrasives, making grinding wheels, CNC machines and precision ground parts.
Price
Market Cap
Sector
Industrials
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 136 | 141 | 160 | 187 | 210 | 242 | 246 | 252 |
| Borrowings | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 |
| Other Liabilities | 45 | 41 | 41 | 40 | 44 | 56 | 42 | 52 |
| Total Liabilities | 183 | 185 | 204 | 229 | 256 | 301 | 290 | 306 |
| AssetsFixed Assets | 54 | 56 | 54 | 56 | 58 | 100 | 108 | 106 |
| CWIP | 4 | 1 | 1 | 2 | 2 | 10 | 4 | 3 |
| Investments | 36 | 37 | 64 | 71 | 73 | 52 | 51 | 47 |
| Other Assets | 89 | 90 | 85 | 100 | 122 | 139 | 127 | 149 |
| Total Assets | 183 | 185 | 204 | 229 | 256 | 301 | 290 | 306 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 33 | 16 | 8 | 37 | 33 | 30 | 34 | 22 |
| Cash from Investing | -22 | -10 | -2 | -30 | -17 | -9 | -24 | -3 |
| Cash from Financing | -7 | -3 | -6 | -8 | -16 | -16 | -9 | -9 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 24 | 4 | -2 | 32 | 23 | 14 | -21 | 9 |
| FCF Margin | — | — | — | — | — | — | — | — |
The Earnings Per Share over the last 12 months.
Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).
Pre-filled with the lower of median (69.9×) and current (93.3×) PE — the conservative anchor.
The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.
At -28.7% growth and a 70× exit, ₹7909 only delivers your return if you pay ₹386. The price is currently baking in 24% growth.
EPS grows -28.7%/yr for 5 years, then fades to 6% over 2, exits at 70×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | -28.7% | 60.43 |
| FY28 | -28.7% | 43.08 |
| FY29 | -28.7% | 30.72 |
| FY30 | -28.7% | 21.90 |
| FY31 | -28.7% | 15.62 |
| FY32 | -11.3% ·fade | 13.84 |
| FY33 | 6.0% ·fade | 14.67 |
Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.
Guides on how to read this kind of business and the numbers that matter.