Models
360 ONE WAM LIMITED360ONECapital Markets
₹2,271per share · Base Model Note
Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹2,271implied FY26 P/E 72.9× · EV/EBITDA 33.9×
Against CMP ₹1,091.00+108.1%close of 2026-09-10
Growth the CMP implies10.7%revenue, a year for 5 years, on your other inputs
Value after FY3181%share of enterprise value in the terminal
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Where the methods land · ₹ per share · the dashed line is the CMP
DCF, rate ±1 · growth ±1your model across the sensitivity grid
₹1,729₹3,354
52-week rangetraded range, a fact not a value
₹906₹1,236
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 17,132 |
| PV of terminal value | 74,646 |
| Enterprise value | 91,779 |
| less net debt | 569 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 92,348 |
| ÷ 40.67 crore shares | ₹2,271 |
81% of the value sits after FY31. Usual when return on capital sits near the cost of capital; the 5 explicit years carry little of it.
Free cash flow, filed and modelled · ₹ '000 crore
Filed, cash from operations − capexModelled free cash flow to firm
Sensitivity · ₹ per share
Down Across| WACC ↓terminal growth → | 4.0% | 4.5% | 5.0% | 5.5% | 6.0% |
|---|---|---|---|---|---|
| 10.00% | 2,348 | 2,531 | 2,750 | 3,019 | 3,354 |
| 10.50% | 2,157 | 2,309 | 2,489 | 2,704 | 2,968 |
| 11.00% | 1,993 | 2,121 | 2,271 | 2,447 | 2,659 |
| 11.50% | 1,852 | 1,961 | 2,087 | 2,233 | 2,406 |
| 12.00% | 1,729 | 1,822 | 1,929 | 2,053 | 2,197 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,091.00; n/a marks a terminal growth at or above the discount rate. Steps: WACC and terminal growth ±0.5 point, growth ±2, margin ±1.
Distribution of outcomes · 4,000 draws · growth, margin and the discount rate vary together
| 10th · 50th · 90th percentile, ₹ per share | 1,643 · 2,257 · 3,064 |
| Draws below the CMP | 0% |
| Rank correlation with revenue growth | +0.84 |
| Rank correlation with discount rate | −0.40 |
| Rank correlation with ebitda margin | +0.30 |
Each driver is drawn from a PERT distribution between the lowest and highest value across your scenarios (or ±50% growth, ±20% margin when there is one scenario), with the discount rate ±1.5 points. Seeded, so the same inputs give the same picture.
Projected cash flow to the firm · ₹ crore
History Forward| ₹ crore | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,975 | 2,507 | 3,295 | 4,362 | 5,670 | 7,371 | 9,582 | 12,457 | 16,194 |
| growth % | 6.7 | 27.0 | 31.4 | 32.4 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 1,208 | 1,291 | 1,915 | 2,707 | 3,521 | 4,577 | 5,951 | 7,736 | 10,057 |
| margin % | 61.2 | 51.5 | 58.1 | 62.1 | 62.1 | 62.1 | 62.1 | 62.1 | 62.1 |
| less depreciation | (46) | (57) | (71) | (155) | (204) | (265) | (345) | (448) | (583) |
| EBIT | 1,161 | 1,234 | 1,845 | 2,551 | 3,317 | 4,312 | 5,606 | 7,287 | 9,474 |
| less tax on EBIT | (584) | (760) | (987) | (1,284) | (1,669) | (2,169) | |||
| NOPAT | 1,967 | 2,557 | 3,325 | 4,322 | 5,619 | 7,304 | |||
| add depreciation | 46 | 57 | 71 | 155 | 204 | 265 | 345 | 448 | 583 |
| less capex | (71) | (102) | (55) | (98) | (125) | (201) | (312) | (472) | (700) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |||
| Free cash flow to firm | (1,416) | (572) | (2,466) | — | 2,637 | 3,389 | 4,355 | 5,595 | 7,188 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 2,503 | 2,898 | 3,355 | 3,883 | 4,494 |
History columns are the filed years (free cash flow there is cash from operations − capex, as filed); the base year and everything to its right come from the engine. Forward is the explicit horizon of the model itself: 3, 5 or 10 years, then flat.
The three statements, projected · ₹ crore · debt held at 0, dividends at 39.4% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 2,551 | 3,317 | 4,312 | 5,606 | 7,287 | 9,474 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 3,317 | 4,312 | 5,606 | 7,287 | 9,474 | |
| Profit after tax | 1,216 | 2,557 | 3,325 | 4,322 | 5,619 | 7,304 |
| Dividends | (479) | (1,008) | (1,310) | (1,703) | (2,214) | (2,878) |
| Balance sheet, year end | ||||||
| Cash | 569 | 2,198 | 4,277 | 6,929 | 10,310 | 14,620 |
| Working capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Net block and other assets | 26,632 | 26,553 | 26,489 | 26,456 | 26,480 | 26,596 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 9,836 | 11,385 | 13,400 | 16,019 | 19,424 | 23,850 |
| Balance check | 0 | (0) | (0) | 0 | (0) | (0) |
| Cash flow | ||||||
| From operations | 2,762 | 3,590 | 4,667 | 6,067 | 7,887 | |
| Investing (capex) | (125) | (201) | (312) | (472) | (700) | |
| Financing (dividends) | (1,008) | (1,310) | (1,703) | (2,214) | (2,878) | |
| Net change in cash | 1,629 | 2,079 | 2,652 | 3,381 | 4,310 | |
| Free cash flow to equity | 2,637 | 3,389 | 4,355 | 5,595 | 7,188 | |
Other liabilities are held at their FY26 level, so the check tests only what the model moves: cash, working capital, net block and other assets, debt and equity. A non-zero check would mean the three statements no longer tie.
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | DCF | 30% | 62.1% | 11.00% | 5% | ₹2,271 | 108.1% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.