Models
AURIONPRO SOLN LTDAURIONPROIT - Software
₹824per 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₹824implied FY26 P/E 21.5× · EV/EBITDA 15.7×
Against CMP ₹686.00+20.1%close of 2026-09-10
Growth the CMP implies13.3%revenue, a year for 5 years, on your other inputs
Value after FY3187%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
₹618₹1,236
52-week rangetraded range, a fact not a value
₹663₹1,297
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 584 |
| PV of terminal value | 3,766 |
| Enterprise value | 4,350 |
| less net debt | 81 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,431 |
| ÷ 5.38 crore shares | ₹824 |
87% 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% | 852 | 922 | 1,006 | 1,108 | 1,236 |
| 10.50% | 780 | 838 | 906 | 989 | 1,089 |
| 11.00% | 718 | 767 | 824 | 891 | 972 |
| 11.50% | 664 | 706 | 754 | 810 | 876 |
| 12.00% | 618 | 653 | 694 | 741 | 796 |
The outlined cell is your model. Green figures sit above the CMP of ₹686.00; 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 | 634 · 814 · 1,042 |
| Draws below the CMP | 19% |
| Rank correlation with ebitda margin | +0.67 |
| Rank correlation with discount rate | −0.52 |
| Rank correlation with revenue growth | +0.46 |
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 | 659 | 887 | 1,173 | 1,411 | 1,700 | 2,049 | 2,469 | 2,975 | 3,585 |
| growth % | 30.6 | 34.6 | 32.2 | 20.3 | 20.5 | 20.5 | 20.5 | 20.5 | 20.5 |
| EBITDA | 145 | 193 | 242 | 276 | 333 | 402 | 484 | 583 | 703 |
| margin % | 21.9 | 21.8 | 20.6 | 19.6 | 19.6 | 19.6 | 19.6 | 19.6 | 19.6 |
| less depreciation | (16) | (21) | (30) | (39) | (48) | (57) | (69) | (83) | (100) |
| EBIT | 129 | 173 | 212 | 237 | 286 | 344 | 415 | 500 | 602 |
| less tax on EBIT | (38) | (45) | (55) | (66) | (79) | (96) | |||
| NOPAT | 199 | 240 | 289 | 349 | 420 | 507 | |||
| add depreciation | 16 | 21 | 30 | 39 | 48 | 57 | 69 | 83 | 100 |
| less capex | (46) | (32) | (95) | (170) | (206) | (203) | (191) | (165) | (120) |
| less working-capital build | — | (59) | (71) | (85) | (103) | (124) | |||
| Free cash flow to firm | (5) | 131 | 62 | — | 23 | 73 | 142 | 236 | 363 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 22 | 62 | 109 | 164 | 227 |
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 51, dividends at 13.2% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 237 | 286 | 344 | 415 | 500 | 602 |
| Interest at 8% on debt | (4) | (4) | (4) | (4) | (4) | |
| Profit before tax | 282 | 340 | 411 | 496 | 598 | |
| Profit after tax | 209 | 237 | 286 | 345 | 417 | 503 |
| Dividends | (28) | (31) | (38) | (46) | (55) | (66) |
| Balance sheet, year end | ||||||
| Cash | 132 | 121 | 152 | 245 | 423 | 715 |
| Working capital | 287 | 346 | 416 | 502 | 604 | 728 |
| Net block and other assets | 1,916 | 2,074 | 2,220 | 2,342 | 2,423 | 2,443 |
| Debt | 51 | 51 | 51 | 51 | 51 | 51 |
| Equity | 1,745 | 1,950 | 2,198 | 2,498 | 2,860 | 3,297 |
| Balance check | 0 | 0 | 0 | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 226 | 273 | 329 | 397 | 480 | |
| Investing (capex) | (206) | (203) | (191) | (165) | (120) | |
| Financing (dividends) | (31) | (38) | (46) | (55) | (66) | |
| Net change in cash | (11) | 32 | 93 | 177 | 293 | |
| Free cash flow to equity | 20 | 69 | 138 | 232 | 359 | |
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 | 20.5% | 19.6% | 11.00% | 5% | ₹824 | 20.1% |
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.