India's #1 prepaid-card issuer; SaaS+fintech platform for corporate spend, expense and rewards.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 0 | 9 | 12 | 13 | 13 | 13 |
| Reserves | -65 | -46 | -4 | 40 | 563 | 1.2k | 1.3k | 1.4k |
| Borrowings | 71 | 73 | 70 | 141 | 87 | 16 | 15 | 53 |
| Other Liabilities | 43 | 35 | 26 | 45 | 34 | 44 | 50 | 66 |
| Total Liabilities | 49 | 62 | 93 | 235 | 696 | 1.3k | 1.4k | 1.5k |
| AssetsFixed Assets | 8 | 7 | 12 | 29 | 23 | 104 | 153 | 200 |
| CWIP | 0 | 0 | 2 | 11 | 50 | 22 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 26 | 82 | 107 | 192 |
| Other Assets | 41 | 55 | 79 | 193 | 597 | 1.1k | 1.1k | 1.1k |
| Total Assets | 49 | 62 | 93 | 235 | 696 | 1.3k | 1.4k | 1.5k |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -20 | 3 | 20 | -16 | -83 | 20 | -6 |
| Cash from Investing | -4 | -1 | -10 | -18 | -332 | -486 | 18 |
| Cash from Financing | 27 | -6 | -12 | 53 | 403 | 496 | 47 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | -24 | 2 | 13 | -32 | -129 | -47 | -113 |
| 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 (62.0×) and current (21.2×) 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 79.5% growth and a 21× exit, ₹210 only delivers your return if you pay ₹2,204. The price is currently baking in 18% growth.
EPS grows 79.5%/yr for 5 years, then fades to 6% over 2, exits at 21×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 79.5% | 17.77 |
| FY28 | 79.5% | 31.90 |
| FY29 | 79.5% | 57.26 |
| FY30 | 79.5% | 102.78 |
| FY31 | 79.5% | 184.48 |
| FY32 | 42.8% ·fade | 263.35 |
| FY33 | 6.0% ·fade | 279.15 |
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.