Models
ASHIKA GLOBAL SEC LTDASHIKAGFinance
₹0per 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₹0implied P/B 0.00× on FY26 book
Against CMP ₹422.00−99.9%close of 2026-09-10
Cost of equity10.78%risk-free + beta × equity risk premium
Book equity, FY26₹261per share · excess returns add ₹(261)
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 | 1,169 | 1,229 | 1,291 | 1,357 | 1,426 |
| Net income at 5.1% ROE | 60 | 63 | 66 | 69 | 73 |
| Cost of equity charge at 10.78% | (126) | (132) | (139) | (146) | (154) |
| Excess return | (66) | (70) | (73) | (77) | (81) |
| Present value | (63) | (60) | (57) | (54) | (51) |
| Closing book equity | 1,229 | 1,291 | 1,357 | 1,426 | 1,499 |
| Book equity today | 1,169 |
| PV of 5 years of excess return | (285) |
| PV of the terminal excess return, 5% flat | (882) |
| add non-operating investments | 0 |
| Equity value | 2 |
| ÷ 4.47 crore shares | ₹0 |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹340₹521
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 5.1% | — | 10.78% | 5% | ₹0 | (99.9)% |
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.