BANSWRAS
Banswara Syntex Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
BANSWRAS
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹124 today
BEAR
₹47
-62%
11.6% a year · 4.7x exit
BASE
₹129
+4%
20% a year · 11.8x exit
BULL
₹183
+48%
27.2% a year · 15.8x exit
Where the market has priced it
2x14x today20x
management named no year; shown one year out
- the guided figure reached earnings through a low-confidence bridge
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹9.11 (screener) |
|---|---|
| Guided growth | 20% a year, said on the call of 14-Feb-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 4.65x / 11.77x / 15.82x, this company’s own p20 / median / p80 across 10 filed years |
| Filed-industry peers | median 16x across 17 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 20%
In spite of that, we have been able to continue to grow our value-added, and we now find that there is ample demand at different price points with new customers, both in India and exports, and we will be tapping that to continue with a 15%
Call 14-Feb-2026 · bridge confidence low · transcript PDF