Models
ATLANTA ELECTRICALS LTDATLANTAELE
₹483per 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₹483implied FY26 P/E 8.4× · EV/EBITDA 10.9×
Against CMP ₹1,785.30−72.9%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3180%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
₹367₹714
52-week rangetraded range, a fact not a value
₹708₹2,153
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 745 |
| PV of terminal value | 3,011 |
| Enterprise value | 3,756 |
| less net debt | (40) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 3,716 |
| ÷ 7.69 crore shares | ₹483 |
80% 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% | 500 | 539 | 585 | 643 | 714 |
| 10.50% | 459 | 491 | 529 | 575 | 632 |
| 11.00% | 424 | 451 | 483 | 521 | 566 |
| 11.50% | 394 | 417 | 444 | 475 | 512 |
| 12.00% | 367 | 387 | 410 | 436 | 467 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,785.30; 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 | 396 · 479 · 583 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.68 |
| Rank correlation with discount rate | −0.65 |
| Rank correlation with revenue growth | +0.24 |
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 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 1,852 | 2,000 | 2,160 | 2,332 | 2,519 | 2,720 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 343 | 370 | 400 | 431 | 466 | 503 |
| margin % | 18.5 | 18.5 | 18.5 | 18.5 | 18.5 | 18.5 |
| less depreciation | (26) | (28) | (30) | (33) | (35) | (38) |
| EBIT | 317 | 342 | 369 | 399 | 431 | 465 |
| less tax on EBIT | (85) | (92) | (99) | (107) | (116) | (125) |
| NOPAT | 232 | 250 | 270 | 292 | 315 | 340 |
| add depreciation | 26 | 28 | 30 | 33 | 35 | 38 |
| less capex | (116) | (126) | (111) | (93) | (71) | (46) |
| less working-capital build | — | (31) | (34) | (36) | (39) | (43) |
| Free cash flow to firm | — | 121 | 155 | 195 | 239 | 290 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | 115 | 133 | 150 | 166 | 181 |
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 47, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 317 | 342 | 369 | 399 | 431 | 465 |
| Interest at 8% on debt | (4) | (4) | (4) | (4) | (4) | |
| Profit before tax | 338 | 366 | 395 | 427 | 461 | |
| Profit after tax | 202 | 247 | 267 | 289 | 312 | 337 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 7 | 125 | 277 | 469 | 706 | 993 |
| Working capital | 391 | 422 | 456 | 492 | 531 | 574 |
| Net block and other assets | 1,111 | 1,209 | 1,290 | 1,351 | 1,387 | 1,394 |
| Debt | 47 | 47 | 47 | 47 | 47 | 47 |
| Equity | 929 | 1,176 | 1,444 | 1,732 | 2,045 | 2,382 |
| Balance check | 0 | (0) | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 244 | 264 | 285 | 308 | 333 | |
| Investing (capex) | (126) | (111) | (93) | (71) | (46) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 118 | 153 | 192 | 237 | 287 | |
| Free cash flow to equity | 118 | 153 | 192 | 237 | 287 | |
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 | 8% | 18.5% | 11.00% | 5% | ₹483 | (72.9)% |
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.