Models
ADVAIT ENRGY TRANSITION LADVAITElectrical Equipment
₹2,124per 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₹2,124implied FY26 P/E 39.5× · EV/EBITDA 28.5×
Against CMP ₹2,082.00+2.0%close of 2026-09-10
Growth the CMP implies29.5%revenue, a year for 5 years, on your other inputs
Value after FY3195%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
₹1,515₹3,345
52-week rangetraded range, a fact not a value
₹1,351₹2,485
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 114 |
| PV of terminal value | 2,274 |
| Enterprise value | 2,389 |
| less net debt | (65) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,324 |
| ÷ 1.09 crore shares | ₹2,124 |
95% 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% | 2,206 | 2,413 | 2,661 | 2,965 | 3,345 |
| 10.50% | 1,992 | 2,164 | 2,367 | 2,612 | 2,910 |
| 11.00% | 1,810 | 1,954 | 2,124 | 2,323 | 2,563 |
| 11.50% | 1,652 | 1,776 | 1,918 | 2,084 | 2,280 |
| 12.00% | 1,515 | 1,621 | 1,742 | 1,882 | 2,045 |
The outlined cell is your model. Green figures sit above the CMP of ₹2,082.00; 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 | 1,454 · 2,107 · 2,975 |
| Draws below the CMP | 48% |
| Rank correlation with revenue growth | +0.83 |
| Rank correlation with discount rate | −0.41 |
| Rank correlation with ebitda margin | +0.32 |
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 | 103 | 209 | 399 | 715 | 929 | 1,208 | 1,570 | 2,041 | 2,653 |
| growth % | 30.5 | 103.4 | 91.1 | 79.0 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | — | 36 | 51 | 84 | 109 | 141 | 184 | 239 | 310 |
| margin % | — | 17.3 | 12.7 | 11.7 | 11.7 | 11.7 | 11.7 | 11.7 | 11.7 |
| less depreciation | — | (3) | (3) | (4) | (5) | (6) | (8) | (10) | (13) |
| EBIT | — | 33 | 47 | 80 | 104 | 135 | 176 | 229 | 297 |
| less tax on EBIT | (20) | (26) | (34) | (45) | (58) | (75) | |||
| NOPAT | 60 | 78 | 101 | 131 | 171 | 222 | |||
| add depreciation | — | 3 | 3 | 4 | 5 | 6 | 8 | 10 | 13 |
| less capex | — | (10) | (14) | (113) | (147) | (145) | (129) | (90) | (16) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |||
| Free cash flow to firm | — | (20) | 32 | — | (65) | (38) | 10 | 91 | 219 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (61) | (32) | 8 | 63 | 137 |
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 89, dividends at 3.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 80 | 104 | 135 | 176 | 229 | 297 |
| Interest at 8% on debt | (7) | (7) | (7) | (7) | (7) | |
| Profit before tax | 97 | 128 | 169 | 221 | 290 | |
| Profit after tax | 52 | 72 | 96 | 126 | 165 | 216 |
| Dividends | (2) | (3) | (4) | (5) | (6) | (8) |
| Balance sheet, year end | ||||||
| Cash | 25 | (48) | (95) | (94) | (15) | 191 |
| Working capital | (3) | (3) | (3) | (3) | (3) | (3) |
| Net block and other assets | 645 | 787 | 926 | 1,047 | 1,127 | 1,129 |
| Debt | 89 | 89 | 89 | 89 | 89 | 89 |
| Equity | 291 | 361 | 453 | 574 | 733 | 941 |
| Balance check | 0 | 0 | (0) | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 77 | 102 | 134 | 175 | 230 | |
| Investing (capex) | (147) | (145) | (129) | (90) | (16) | |
| Financing (dividends) | (3) | (4) | (5) | (6) | (8) | |
| Net change in cash | (73) | (47) | 0 | 79 | 206 | |
| Free cash flow to equity | (70) | (43) | 5 | 86 | 214 | |
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% | 11.7% | 11.00% | 5% | ₹2,124 | 2.0% |
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.