Models
BF INVESTMENT LIMITEDBFINVESTFinance
₹-292per share · Base Model Note
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₹(292)implied P/B (0.13)× on FY26 book
Against CMP ₹394.60−174.1%close of 28 Oct 2026
Cost of equity16.26%risk-free + beta × equity risk premium
Book equity, FY26₹2,267per share · excess returns add ₹(2,559)
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 | 8,539 | 8,821 | 9,112 | 9,413 | 9,723 |
| Net income at 3.3% ROE | 282 | 291 | 301 | 311 | 321 |
| Cost of equity charge at 16.26% | (1,389) | (1,435) | (1,482) | (1,531) | (1,581) |
| Excess return | (1,107) | (1,144) | (1,181) | (1,220) | (1,261) |
| Present value | (1,027) | (912) | (810) | (720) | (640) |
| Closing book equity | 8,821 | 9,112 | 9,413 | 9,723 | 10,044 |
| Book equity today | 8,539 |
| PV of 5 years of excess return | (4,109) |
| PV of the terminal excess return, 5% flat | (5,531) |
| add non-operating investments | 0 |
| Equity value | (1,101) |
| ÷ 3.77 crore shares | ₹(292) |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹315₹585
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 3.3% | — | 16.26% | 5% | ₹(292) | (174.1)% |
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.