Models
AD-MANUM FINANCE LTD.BSE 511359Finance
₹531per share · Base Model Note
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₹531implied P/B 4.37× on FY26 book
Against CMP ₹51.84+923.5%close of 27 Oct 2026
Cost of equity6.83%risk-free + beta × equity risk premium
Book equity, FY26₹121per share · excess returns add ₹409
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 | 91 | 102 | 114 | 127 | 142 |
| Net income at 11.7% ROE | 11 | 12 | 13 | 15 | 17 |
| Cost of equity charge at 6.83% | (6) | (7) | (8) | (9) | (10) |
| Excess return | 4 | 5 | 6 | 6 | 7 |
| Present value | 4 | 4 | 5 | 5 | 5 |
| Closing book equity | 102 | 114 | 127 | 142 | 158 |
| Book equity today | 91 |
| PV of 5 years of excess return | 23 |
| PV of the terminal excess return, 5% flat | 283 |
| add non-operating investments | 0 |
| Equity value | 398 |
| ÷ 0.75 crore shares | ₹531 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹42₹74
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 11.7% | — | 6.83% | 5% | ₹531 | 923.5% |
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.