Models
ABAN OFFSHORE LTD.ABAN
₹-2,477per 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₹(2,477)implied FY25 P/E (17.0)× · EV/EBITDA 11.4×
Against CMP ₹18.64−13387.5%close of 8 Oct 2026
Growth the CMP implies—%no growth rate between −20% and 45% a year brings the value to the CMP on your other inputs
Value after FY3069%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
₹(2,514)₹(2,403)
52-week rangetraded range, a fact not a value
₹13₹43
From enterprise to equity · ₹ crore
| PV of FY26–FY30 free cash flow | 326 |
| PV of terminal value | 723 |
| Enterprise value | 1,049 |
| less net debt | (15,505) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (14,456) |
| ÷ 5.84 crore shares | ₹(2,477) |
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% | (2,471) | (2,459) | (2,444) | (2,426) | (2,403) |
| 10.50% | (2,484) | (2,474) | (2,462) | (2,447) | (2,430) |
| 11.00% | (2,495) | (2,487) | (2,477) | (2,465) | (2,451) |
| 11.50% | (2,505) | (2,498) | (2,489) | (2,480) | (2,468) |
| 12.00% | (2,514) | (2,507) | (2,500) | (2,492) | (2,482) |
The outlined cell is your model. Green figures sit above the CMP of ₹18.64; 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 | (2,522) · (2,479) · (2,424) |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.73 |
| Rank correlation with revenue growth | +0.50 |
| Rank correlation with discount rate | −0.38 |
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 | FY22 | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 598 | 397 | 400 | 476 | 566 | 674 | 802 | 954 | 1,135 |
| growth % | (44.1) | (33.7) | 0.7 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 |
| EBITDA | (926) | (38) | (202) | 92 | 110 | 131 | 156 | 185 | 220 |
| margin % | (154.8) | (9.5) | (50.5) | 19.4 | 19.4 | 19.4 | 19.4 | 19.4 | 19.4 |
| less depreciation | (145) | (47) | (50) | (38) | (46) | (55) | (65) | (77) | (92) |
| EBIT | (1,071) | (85) | (252) | 54 | 64 | 76 | 91 | 108 | 128 |
| less tax on EBIT | (13) | (16) | (19) | (23) | (27) | (32) | |||
| NOPAT | 40 | 48 | 57 | 68 | 81 | 96 | |||
| add depreciation | 145 | 47 | 50 | 38 | 46 | 55 | 65 | 77 | 92 |
| less capex | (1) | (1) | (17) | (1) | (2) | (18) | (40) | (70) | (110) |
| less working-capital build | — | (4) | (5) | (6) | (7) | (8) | |||
| Free cash flow to firm | (435) | 127 | (84) | — | 88 | 89 | 87 | 81 | 70 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 84 | 76 | 67 | 56 | 44 |
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 15,697, dividends at 0% of profit
| ₹ crore | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 54 | 64 | 76 | 91 | 108 | 128 |
| Interest at 7.2% on debt | (1,130) | (1,130) | (1,130) | (1,130) | (1,130) | |
| Profit before tax | (1,066) | (1,054) | (1,040) | (1,022) | (1,002) | |
| Profit after tax | 0 | (798) | (789) | (778) | (765) | (750) |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 192 | (566) | (1,323) | (2,081) | (2,846) | (3,622) |
| Working capital | 21 | 25 | 30 | 35 | 42 | 50 |
| Net block and other assets | 1,320 | 1,276 | 1,239 | 1,215 | 1,208 | 1,226 |
| Debt | 15,697 | 15,697 | 15,697 | 15,697 | 15,697 | 15,697 |
| Equity | (25,402) | (26,200) | (26,989) | (27,767) | (28,532) | (29,281) |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | (756) | (739) | (719) | (695) | (666) | |
| Investing (capex) | (2) | (18) | (40) | (70) | (110) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (758) | (757) | (759) | (765) | (776) | |
| Free cash flow to equity | (758) | (757) | (759) | (765) | (776) | |
Other liabilities are held at their FY25 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 | 19% | 19.4% | 11.00% | 5% | ₹(2,477) | (13387.5)% |
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.