₹202per 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₹202implied P/B 3.73× on FY26 book
Against CMP ₹31.44+542.1%close of 2026-09-10
Cost of equity6.98%risk-free + beta × equity risk premium
Book equity, FY26₹54per share · excess returns add ₹148
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 84 | 93 | 104 | 116 | 129 |
| Net income at 11.3% ROE | 9 | 11 | 12 | 13 | 15 |
| Cost of equity charge at 6.98% | (6) | (7) | (7) | (8) | (9) |
| Excess return | 4 | 4 | 4 | 5 | 6 |
| Present value | 4 | 4 | 4 | 4 | 4 |
| Closing book equity | 93 | 104 | 116 | 129 | 143 |
| Book equity today | 84 |
| PV of 5 years of excess return | 19 |
| PV of the terminal excess return, 5% flat | 211 |
| add non-operating investments | 0 |
| Equity value | 314 |
| ÷ 1.55 crore shares | ₹202 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹28₹51
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 11.3% | — | 6.98% | 5% | ₹202 | 542.1% |
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.