Models
AUTORIDERS INTERNATIONAL LTD.BSE 512277Transport Services
₹219per 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₹219implied FY26 P/E —× · EV/EBITDA 3.9×
Against CMP ₹222.00−1.5%close of 8 Oct 2026
Growth the CMP implies8.4%revenue, a year for 5 years, on your other inputs
Value after FY3195%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
₹132₹393
52-week rangetraded range, a fact not a value
₹223₹1,031
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 6 |
| PV of terminal value | 103 |
| Enterprise value | 109 |
| less net debt | (33) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 76 |
| ÷ 0.35 crore shares | ₹219 |
95% 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% | 230 | 260 | 295 | 339 | 393 |
| 10.50% | 200 | 224 | 253 | 288 | 331 |
| 11.00% | 174 | 194 | 219 | 247 | 281 |
| 11.50% | 151 | 169 | 189 | 213 | 241 |
| 12.00% | 132 | 147 | 164 | 184 | 207 |
The outlined cell is your model. Green figures sit above the CMP of ₹222.00; 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 | 89 · 215 · 352 |
| Draws below the CMP | 52% |
| Rank correlation with ebitda margin | +0.92 |
| Rank correlation with discount rate | −0.33 |
| Rank correlation with revenue growth | +0.10 |
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 | 101 | 109 | 117 | 127 | 137 | 148 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 28 | 30 | 33 | 35 | 38 | 41 |
| margin % | 27.9 | 27.9 | 27.9 | 27.9 | 27.9 | 27.9 |
| less depreciation | (14) | (15) | (16) | (17) | (19) | (20) |
| EBIT | 14 | 15 | 17 | 18 | 19 | 21 |
| less tax on EBIT | (4) | (4) | (4) | (5) | (5) | (5) |
| NOPAT | 11 | 11 | 12 | 13 | 14 | 16 |
| add depreciation | 14 | 15 | 16 | 17 | 19 | 20 |
| less capex | (27) | (30) | (29) | (28) | (26) | (24) |
| less working-capital build | — | (1) | (1) | (1) | (1) | (1) |
| Free cash flow to firm | — | (4) | (2) | 2 | 6 | 10 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | (4) | (1) | 1 | 4 | 6 |
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 33, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 14 | 15 | 17 | 18 | 19 | 21 |
| Interest at 9.6% on debt | (3) | (3) | (3) | (3) | (3) | |
| Profit before tax | 12 | 13 | 15 | 16 | 18 | |
| Profit after tax | 0 | 9 | 10 | 11 | 12 | 13 |
| Dividends | (0) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 1 | (6) | (10) | (11) | (8) | (0) |
| Working capital | 14 | 15 | 16 | 17 | 19 | 20 |
| Net block and other assets | 90 | 105 | 118 | 128 | 136 | 140 |
| Debt | 33 | 33 | 33 | 33 | 33 | 33 |
| Equity | 59 | 68 | 78 | 88 | 100 | 114 |
| Balance check | 0 | 0 | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 23 | 25 | 27 | 29 | 32 | |
| Investing (capex) | (30) | (29) | (28) | (26) | (24) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (7) | (4) | (1) | 3 | 8 | |
| Free cash flow to equity | (7) | (4) | (1) | 3 | 8 | |
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% | 27.9% | 11.00% | 5% | ₹219 | (1.5)% |
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.