Models
BOMBAY BURMAH TRADING CORBBTCFood Products
₹6,329per 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₹6,329implied FY26 P/E 34.2× · EV/EBITDA 12.7×
Against CMP ₹1,430.00+342.6%close of 2026-09-10
Growth the CMP implies(20.0)%revenue, a year for 5 years, on your other inputs
Value after FY3175%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
₹4,898₹9,182
52-week rangetraded range, a fact not a value
₹1,315₹2,135
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 11,368 |
| PV of terminal value | 33,629 |
| Enterprise value | 44,997 |
| less net debt | (852) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 44,145 |
| ÷ 6.98 crore shares | ₹6,329 |
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% | 6,540 | 7,020 | 7,597 | 8,301 | 9,182 |
| 10.50% | 6,034 | 6,433 | 6,905 | 7,471 | 8,163 |
| 11.00% | 5,601 | 5,937 | 6,329 | 6,792 | 7,348 |
| 11.50% | 5,226 | 5,512 | 5,842 | 6,227 | 6,682 |
| 12.00% | 4,898 | 5,144 | 5,425 | 5,749 | 6,127 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,430.00; 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 | 5,255 · 6,299 · 7,581 |
| Draws below the CMP | 0% |
| Rank correlation with discount rate | −0.66 |
| Rank correlation with ebitda margin | +0.60 |
| Rank correlation with revenue growth | +0.38 |
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 | 16,623 | 17,109 | 18,298 | 19,539 | 20,906 | 22,370 | 23,936 | 25,611 | 27,404 |
| growth % | 14.3 | 2.9 | 6.9 | 6.8 | 7.0 | 7.0 | 7.0 | 7.0 | 7.0 |
| EBITDA | 1,308 | 2,994 | 3,124 | 3,539 | 3,784 | 4,049 | 4,332 | 4,636 | 4,960 |
| margin % | 7.9 | 17.5 | 17.1 | 18.1 | 18.1 | 18.1 | 18.1 | 18.1 | 18.1 |
| less depreciation | (239) | (313) | (327) | (352) | (376) | (403) | (431) | (461) | (493) |
| EBIT | 1,069 | 2,681 | 2,797 | 3,188 | 3,408 | 3,646 | 3,902 | 4,175 | 4,467 |
| less tax on EBIT | (806) | (862) | (923) | (987) | (1,056) | (1,130) | |||
| NOPAT | 2,381 | 2,546 | 2,724 | 2,914 | 3,118 | 3,337 | |||
| add depreciation | 239 | 313 | 327 | 352 | 376 | 403 | 431 | 461 | 493 |
| less capex | (721) | (574) | (388) | (233) | (251) | (322) | (402) | (492) | (592) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |||
| Free cash flow to firm | 1,752 | 1,464 | 1,940 | — | 2,671 | 2,804 | 2,943 | 3,088 | 3,238 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 2,535 | 2,398 | 2,267 | 2,143 | 2,025 |
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 1,556, dividends at 81.4% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 3,188 | 3,408 | 3,646 | 3,902 | 4,175 | 4,467 |
| Interest at 8.9% on debt | (138) | (138) | (138) | (138) | (138) | |
| Profit before tax | 3,269 | 3,508 | 3,763 | 4,036 | 4,328 | |
| Profit after tax | 1,243 | 2,442 | 2,620 | 2,811 | 3,015 | 3,233 |
| Dividends | (1,011) | (1,988) | (2,133) | (2,288) | (2,454) | (2,632) |
| Balance sheet, year end | ||||||
| Cash | 704 | 1,284 | 1,852 | 2,403 | 2,933 | 3,436 |
| Working capital | 5 | 5 | 5 | 5 | 5 | 5 |
| Net block and other assets | 13,829 | 13,704 | 13,623 | 13,595 | 13,625 | 13,724 |
| Debt | 1,556 | 1,556 | 1,556 | 1,556 | 1,556 | 1,556 |
| Equity | 9,598 | 10,052 | 10,540 | 11,063 | 11,623 | 12,225 |
| Balance check | 0 | 0 | 0 | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 2,818 | 3,023 | 3,242 | 3,476 | 3,727 | |
| Investing (capex) | (251) | (322) | (402) | (492) | (592) | |
| Financing (dividends) | (1,988) | (2,133) | (2,288) | (2,454) | (2,632) | |
| Net change in cash | 580 | 568 | 552 | 530 | 503 | |
| Free cash flow to equity | 2,568 | 2,701 | 2,840 | 2,984 | 3,135 | |
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 | 7% | 18.1% | 11.00% | 5% | ₹6,329 | 342.6% |
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.