Models
ASK AUTOMOTIVE LIMITEDASKAUTOLTDAuto Components
₹286per 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₹286implied FY26 P/E 17.8× · EV/EBITDA 11.8×
Against CMP ₹625.00−54.3%close of 2026-09-10
Growth the CMP implies38.2%revenue, a year for 5 years, on your other inputs
Value after FY3191%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
₹201₹456
52-week rangetraded range, a fact not a value
₹375₹688
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 571 |
| PV of terminal value | 5,706 |
| Enterprise value | 6,277 |
| less net debt | (641) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 5,636 |
| ÷ 19.72 crore shares | ₹286 |
91% 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% | 298 | 326 | 361 | 403 | 456 |
| 10.50% | 268 | 292 | 320 | 354 | 395 |
| 11.00% | 242 | 262 | 286 | 314 | 347 |
| 11.50% | 220 | 237 | 257 | 280 | 308 |
| 12.00% | 201 | 216 | 233 | 252 | 275 |
The outlined cell is your model. Green figures sit above the CMP of ₹625.00; 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 | 209 · 283 · 376 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.65 |
| Rank correlation with discount rate | −0.52 |
| Rank correlation with revenue growth | +0.49 |
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 | 2,995 | 3,601 | 4,176 | 4,845 | 5,620 | 6,519 | 7,562 | 8,772 |
| growth % | — | 20.2 | 16.0 | 16.0 | 16.0 | 16.0 | 16.0 | 16.0 |
| EBITDA | 301 | 432 | 531 | 615 | 714 | 828 | 960 | 1,114 |
| margin % | 10.0 | 12.0 | 12.7 | 12.7 | 12.7 | 12.7 | 12.7 | 12.7 |
| less depreciation | (69) | (89) | (114) | (131) | (152) | (176) | (204) | (237) |
| EBIT | 232 | 343 | 417 | 484 | 562 | 652 | 756 | 877 |
| less tax on EBIT | (100) | (117) | (135) | (157) | (182) | (211) | ||
| NOPAT | 316 | 368 | 427 | 495 | 574 | 666 | ||
| add depreciation | 69 | 89 | 114 | 131 | 152 | 176 | 204 | 237 |
| less capex | (285) | (346) | (484) | (562) | (534) | (484) | (403) | (284) |
| less working-capital build | — | (38) | (44) | (51) | (59) | (69) | ||
| Free cash flow to firm | 18 | 15 | — | (102) | (0) | 136 | 316 | 549 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |||
| Present value | (96) | (0) | 105 | 219 | 344 |
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 654, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 417 | 484 | 562 | 652 | 756 | 877 |
| Interest at 9.2% on debt | (60) | (60) | (60) | (60) | (60) | |
| Profit before tax | 424 | 502 | 592 | 696 | 817 | |
| Profit after tax | 0 | 322 | 381 | 449 | 528 | 620 |
| Dividends | (30) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 13 | (134) | (180) | (90) | 180 | 684 |
| Working capital | 237 | 275 | 319 | 370 | 430 | 499 |
| Net block and other assets | 2,307 | 2,738 | 3,121 | 3,429 | 3,627 | 3,675 |
| Debt | 654 | 654 | 654 | 654 | 654 | 654 |
| Equity | 1,311 | 1,633 | 2,014 | 2,463 | 2,991 | 3,611 |
| Balance check | 0 | 0 | 0 | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 415 | 488 | 574 | 673 | 788 | |
| Investing (capex) | (562) | (534) | (484) | (403) | (284) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (147) | (46) | 90 | 270 | 504 | |
| Free cash flow to equity | (147) | (46) | 90 | 270 | 504 | |
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 | 16% | 12.7% | 11.00% | 5% | ₹286 | (54.3)% |
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.