Models
ABATE AS INDUSTRIES LIMITEDBSE 531658Healthcare Services
₹8per 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₹8implied FY26 P/E 15.2× · EV/EBITDA 10.3×
Against CMP ₹8.48−4.7%close of 2026-09-10
Growth the CMP implies0.3%revenue, a year for 5 years, on your other inputs
Value after FY3183%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
₹6₹12
52-week rangetraded range, a fact not a value
₹8₹20
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 23 |
| PV of terminal value | 110 |
| Enterprise value | 133 |
| less net debt | (6) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 127 |
| ÷ 15.76 crore shares | ₹8 |
83% 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% | 8 | 9 | 10 | 11 | 12 |
| 10.50% | 8 | 8 | 9 | 10 | 11 |
| 11.00% | 7 | 8 | 8 | 9 | 10 |
| 11.50% | 6 | 7 | 7 | 8 | 9 |
| 12.00% | 6 | 6 | 7 | 7 | 8 |
The outlined cell is your model. Green figures sit above the CMP of ₹8.48; 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 | 3 · 8 · 12 |
| Draws below the CMP | 57% |
| Rank correlation with ebitda margin | +0.86 |
| Rank correlation with revenue growth | −0.40 |
| Rank correlation with discount rate | −0.24 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 14 | 159 | 207 | 269 | 350 | 455 | 592 |
| growth % | — | 1031.6 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 1 | 13 | 17 | 22 | 28 | 37 | 48 |
| margin % | 5.3 | 8.1 | 8.1 | 8.1 | 8.1 | 8.1 | 8.1 |
| less depreciation | (1) | (2) | (3) | (4) | (5) | (6) | (8) |
| EBIT | 0 | 11 | 14 | 18 | 24 | 31 | 40 |
| less tax on EBIT | (1) | (1) | (1) | (1) | (2) | (2) | |
| NOPAT | 10 | 13 | 17 | 22 | 29 | 38 | |
| add depreciation | 1 | 2 | 3 | 4 | 5 | 6 | 8 |
| less capex | (0) | (3) | (4) | (5) | (6) | (7) | (9) |
| less working-capital build | — | (9) | (12) | (15) | (20) | (26) | |
| Free cash flow to firm | (1) | — | 3 | 4 | 6 | 8 | 11 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 3 | 4 | 4 | 5 | 7 |
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 10, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 11 | 14 | 18 | 24 | 31 | 40 |
| Interest at 5.6% on debt | (1) | (1) | (1) | (1) | (1) | |
| Profit before tax | 14 | 18 | 23 | 30 | 40 | |
| Profit after tax | 0 | 13 | 17 | 22 | 29 | 37 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 4 | 6 | 10 | 15 | 22 | 32 |
| Working capital | 30 | 39 | 51 | 66 | 86 | 112 |
| Net block and other assets | 189 | 190 | 192 | 193 | 195 | 196 |
| Debt | 10 | 10 | 10 | 10 | 10 | 10 |
| Equity | 199 | 212 | 229 | 251 | 280 | 317 |
| Balance check | 0 | 0 | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 6 | 9 | 11 | 15 | 19 | |
| Investing (capex) | (4) | (5) | (6) | (7) | (9) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 3 | 4 | 5 | 7 | 10 | |
| Free cash flow to equity | 3 | 4 | 5 | 7 | 10 | |
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% | 8.1% | 11.00% | 5% | ₹8 | (4.7)% |
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.