Models
AVANTI FEEDS LIMITEDAVANTIFEEDFood Products
₹632per 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₹632implied FY26 P/E 16.2× · EV/EBITDA 11.7×
Against CMP ₹800.00−21.0%close of 2026-09-10
Growth the CMP implies18.1%revenue, a year for 5 years, on your other inputs
Value after FY3176%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
₹490₹915
52-week rangetraded range, a fact not a value
₹632₹1,594
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 2,058 |
| PV of terminal value | 6,516 |
| Enterprise value | 8,575 |
| less net debt | 32 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 8,607 |
| ÷ 13.62 crore shares | ₹632 |
76% 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% | 652 | 700 | 757 | 827 | 915 |
| 10.50% | 602 | 642 | 689 | 745 | 814 |
| 11.00% | 559 | 593 | 632 | 678 | 733 |
| 11.50% | 522 | 551 | 583 | 622 | 667 |
| 12.00% | 490 | 514 | 542 | 574 | 612 |
The outlined cell is your model. Green figures sit above the CMP of ₹800.00; 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 | 524 · 627 · 755 |
| Draws below the CMP | 96% |
| Rank correlation with ebitda margin | +0.68 |
| Rank correlation with discount rate | −0.65 |
| Rank correlation with revenue growth | +0.25 |
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 | 5,087 | 5,369 | 5,612 | 6,066 | 6,551 | 7,075 | 7,641 | 8,253 | 8,913 |
| growth % | 1.0 | 5.5 | 4.5 | 8.1 | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 380 | 458 | 633 | 735 | 793 | 856 | 925 | 999 | 1,078 |
| margin % | 7.5 | 8.5 | 11.3 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 |
| less depreciation | (43) | (56) | (59) | (63) | (66) | (71) | (76) | (83) | (89) |
| EBIT | 337 | 402 | 574 | 673 | 727 | 785 | 848 | 916 | 989 |
| less tax on EBIT | (172) | (185) | (200) | (216) | (234) | (252) | |||
| NOPAT | 501 | 542 | 585 | 632 | 682 | 737 | |||
| add depreciation | 43 | 56 | 59 | 63 | 66 | 71 | 76 | 83 | 89 |
| less capex | (160) | (131) | (153) | (81) | (85) | (90) | (96) | (101) | (107) |
| less working-capital build | — | (67) | (73) | (79) | (85) | (92) | |||
| Free cash flow to firm | 292 | 132 | 430 | — | 455 | 493 | 534 | 579 | 627 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 432 | 421 | 411 | 402 | 392 |
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 10, dividends at 20.6% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 673 | 727 | 785 | 848 | 916 | 989 |
| Interest at 8% on debt | (1) | (1) | (1) | (1) | (1) | |
| Profit before tax | 726 | 785 | 847 | 915 | 988 | |
| Profit after tax | 606 | 541 | 584 | 631 | 682 | 736 |
| Dividends | (125) | (111) | (120) | (130) | (140) | (152) |
| Balance sheet, year end | ||||||
| Cash | 42 | 385 | 757 | 1,160 | 1,598 | 2,073 |
| Working capital | 841 | 908 | 981 | 1,060 | 1,145 | 1,237 |
| Net block and other assets | 3,377 | 3,397 | 3,416 | 3,435 | 3,454 | 3,472 |
| Debt | 10 | 10 | 10 | 10 | 10 | 10 |
| Equity | 3,708 | 4,138 | 4,602 | 5,103 | 5,644 | 6,229 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 539 | 582 | 629 | 679 | 734 | |
| Investing (capex) | (85) | (90) | (96) | (101) | (107) | |
| Financing (dividends) | (111) | (120) | (130) | (140) | (152) | |
| Net change in cash | 343 | 372 | 403 | 438 | 475 | |
| Free cash flow to equity | 454 | 492 | 533 | 578 | 627 | |
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% | 12.1% | 11.00% | 5% | ₹632 | (21.0)% |
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.