Models
AKME FINTRADE (INDIA) LTDAFIL
₹93per 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₹93implied FY26 P/E 73.9× · EV/EBITDA 36.4×
Against CMP ₹8.94+942.1%close of 2026-09-10
Growth the CMP implies(20.0)%revenue, a year for 5 years, on your other inputs
Value after FY3182%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
₹71₹138
52-week rangetraded range, a fact not a value
₹4₹11
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 725 |
| PV of terminal value | 3,327 |
| Enterprise value | 4,052 |
| less net debt | 45 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,097 |
| ÷ 43.98 crore shares | ₹93 |
82% 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% | 96 | 104 | 113 | 124 | 138 |
| 10.50% | 88 | 95 | 102 | 111 | 122 |
| 11.00% | 82 | 87 | 93 | 100 | 109 |
| 11.50% | 76 | 80 | 86 | 92 | 99 |
| 12.00% | 71 | 75 | 79 | 84 | 90 |
The outlined cell is your model. Green figures sit above the CMP of ₹8.94; 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 | 67 · 93 · 126 |
| Draws below the CMP | 0% |
| Rank correlation with revenue growth | +0.85 |
| Rank correlation with discount rate | −0.40 |
| Rank correlation with ebitda margin | +0.29 |
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 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 74 | 102 | 149 | 194 | 252 | 327 | 426 | 553 |
| growth % | — | 39.4 | 45.5 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 53 | 79 | 111 | 145 | 188 | 245 | 318 | 413 |
| margin % | 71.5 | 77.0 | 74.7 | 74.7 | 74.7 | 74.7 | 74.7 | 74.7 |
| less depreciation | (1) | (1) | (1) | (1) | (2) | (2) | (3) | (4) |
| EBIT | 52 | 78 | 110 | 143 | 186 | 242 | 315 | 410 |
| less tax on EBIT | (24) | (31) | (40) | (52) | (68) | (88) | ||
| NOPAT | 86 | 112 | 146 | 190 | 247 | 321 | ||
| add depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 4 |
| less capex | (0) | 0 | (8) | (10) | (10) | (10) | (8) | (5) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | ||
| Free cash flow to firm | (46) | (177) | — | 104 | 138 | 183 | 242 | 320 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |||
| Present value | 99 | 118 | 141 | 168 | 200 |
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 | 110 | 143 | 186 | 242 | 315 | 410 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 143 | 186 | 242 | 315 | 410 | |
| Profit after tax | 42 | 112 | 146 | 190 | 247 | 321 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 45 | 149 | 287 | 469 | 711 | 1,032 |
| Working capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Net block and other assets | 889 | 898 | 906 | 913 | 919 | 919 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 424 | 536 | 682 | 872 | 1,119 | 1,440 |
| Balance check | 0 | (0) | 0 | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 114 | 148 | 192 | 250 | 325 | |
| Investing (capex) | (10) | (10) | (10) | (8) | (5) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 104 | 138 | 183 | 242 | 320 | |
| Free cash flow to equity | 104 | 138 | 183 | 242 | 320 | |
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% | 74.7% | 11.00% | 5% | ₹93 | 942.1% |
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.