₹9,804per 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₹9,804implied P/B 1.03× on FY26 book
Against CMP ₹6,250.00+56.9%close of 2026-09-10
Cost of equity7.64%risk-free + beta × equity risk premium
Book equity, FY26₹9,562per share · excess returns add ₹241
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 10,905 | 11,683 | 12,516 | 13,408 | 14,364 |
| Net income at 7.7% ROE | 840 | 900 | 964 | 1,032 | 1,106 |
| Cost of equity charge at 7.64% | (833) | (892) | (956) | (1,024) | (1,097) |
| Excess return | 7 | 7 | 8 | 8 | 9 |
| Present value | 6 | 6 | 6 | 6 | 6 |
| Closing book equity | 11,683 | 12,516 | 13,408 | 14,364 | 15,388 |
| Book equity today | 10,905 |
| PV of 5 years of excess return | 32 |
| PV of the terminal excess return, 5% flat | 243 |
| add non-operating investments | 0 |
| Equity value | 11,180 |
| ÷ 1.14 crore shares | ₹9,804 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹5,846₹7,268
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 7.7% | — | 7.64% | 5% | ₹9,804 | 56.9% |
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.