Models
ACCELYA SOLN INDIA LTDACCELYAIT - Software
₹599per 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₹599implied FY26 P/E 9.4× · EV/EBITDA 7.5×
Against CMP ₹1,116.00−46.3%close of 2026-09-10
Growth the CMP implies18.3%revenue, a year for 5 years, on your other inputs
Value after FY3165%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
₹486₹824
52-week rangetraded range, a fact not a value
₹1,012₹1,527
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 306 |
| PV of terminal value | 565 |
| Enterprise value | 871 |
| less net debt | 24 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 895 |
| ÷ 1.49 crore shares | ₹599 |
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% | 617 | 655 | 700 | 755 | 824 |
| 10.50% | 577 | 608 | 645 | 689 | 744 |
| 11.00% | 542 | 569 | 599 | 636 | 679 |
| 11.50% | 512 | 535 | 561 | 591 | 627 |
| 12.00% | 486 | 505 | 527 | 553 | 583 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,116.00; 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 | 496 · 595 · 712 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.81 |
| Rank correlation with discount rate | −0.54 |
| Rank correlation with revenue growth | +0.09 |
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 | 347 | 383 | 397 | 405 | 413 | 422 | 430 | 439 | 447 |
| growth % | 30.8 | 10.4 | 3.7 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 |
| EBITDA | 148 | 111 | 143 | 116 | 118 | 121 | 123 | 125 | 128 |
| margin % | 42.6 | 29.1 | 36.1 | 28.6 | 28.6 | 28.6 | 28.6 | 28.6 | 28.6 |
| less depreciation | (25) | (23) | (20) | (38) | (39) | (40) | (41) | (42) | (42) |
| EBIT | 123 | 89 | 123 | 77 | 79 | 81 | 82 | 84 | 85 |
| less tax on EBIT | (20) | (21) | (21) | (22) | (22) | (23) | |||
| NOPAT | 57 | 58 | 59 | 60 | 62 | 63 | |||
| add depreciation | 25 | 23 | 20 | 38 | 39 | 40 | 41 | 42 | 42 |
| less capex | — | — | — | 0 | 0 | (12) | (25) | (37) | (51) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |||
| Free cash flow to firm | — | — | — | — | 97 | 87 | 77 | 66 | 54 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 92 | 75 | 59 | 46 | 34 |
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 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 77 | 79 | 81 | 82 | 84 | 85 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 79 | 81 | 82 | 84 | 85 | |
| Profit after tax | 0 | 58 | 59 | 60 | 62 | 63 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 0 | 97 | 185 | 261 | 327 | 382 |
| Working capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Net block and other assets | 0 | (39) | (67) | (84) | (88) | (79) |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 250 | 308 | 367 | 428 | 490 | 552 |
| Balance check | 0 | 0 | (0) | (0) | (0) | 0 |
| Cash flow | ||||||
| From operations | 97 | 99 | 101 | 103 | 105 | |
| Investing (capex) | 0 | (12) | (25) | (37) | (51) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 97 | 87 | 77 | 66 | 54 | |
| Free cash flow to equity | 97 | 87 | 77 | 66 | 54 | |
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 | 2% | 28.6% | 11.00% | 5% | ₹599 | (46.3)% |
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.