Models
BRAHMAPUTRA INFRA LBRAHMINFRAConstruction
₹871per 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₹871implied FY26 P/E 42.5× · EV/EBITDA 31.8×
Against CMP ₹142.40+511.9%close of 8 Oct 2026
Growth the CMP implies(17.3)%revenue, a year for 5 years, on your other inputs
Value after FY3181%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
₹651₹1,311
52-week rangetraded range, a fact not a value
₹138₹184
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 493 |
| PV of terminal value | 2,163 |
| Enterprise value | 2,656 |
| less net debt | (127) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,529 |
| ÷ 2.90 crore shares | ₹871 |
81% 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% | 903 | 977 | 1,066 | 1,175 | 1,311 |
| 10.50% | 825 | 887 | 960 | 1,047 | 1,154 |
| 11.00% | 759 | 811 | 871 | 943 | 1,029 |
| 11.50% | 701 | 746 | 797 | 856 | 927 |
| 12.00% | 651 | 689 | 733 | 783 | 841 |
The outlined cell is your model. Green figures sit above the CMP of ₹142.40; 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 | 642 · 864 · 1,155 |
| Draws below the CMP | 0% |
| Rank correlation with revenue growth | +0.75 |
| Rank correlation with discount rate | −0.44 |
| Rank correlation with ebitda margin | +0.42 |
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 | 179 | 220 | 242 | 365 | 475 | 618 | 803 | 1,044 | 1,357 |
| growth % | 11.5 | 23.1 | 10.2 | 50.9 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 36 | 42 | 49 | 83 | 108 | 141 | 183 | 238 | 309 |
| margin % | 20.3 | 19.2 | 20.0 | 22.8 | 22.8 | 22.8 | 22.8 | 22.8 | 22.8 |
| less depreciation | (2) | (2) | (2) | (1) | (2) | (2) | (3) | (4) | (5) |
| EBIT | 34 | 40 | 47 | 82 | 106 | 138 | 180 | 234 | 304 |
| less tax on EBIT | (11) | (14) | (18) | (24) | (31) | (40) | |||
| NOPAT | 71 | 92 | 120 | 156 | 203 | 264 | |||
| add depreciation | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 4 | 5 |
| less capex | 0 | (1) | 0 | 0 | 0 | (1) | (2) | (4) | (7) |
| less working-capital build | — | (19) | (25) | (32) | (42) | (55) | |||
| Free cash flow to firm | (5) | (127) | 65 | — | 75 | 97 | 125 | 161 | 208 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 71 | 83 | 96 | 112 | 130 |
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 127, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 82 | 106 | 138 | 180 | 234 | 304 |
| Interest at 11.9% on debt | (15) | (15) | (15) | (15) | (15) | |
| Profit before tax | 91 | 123 | 165 | 219 | 289 | |
| Profit after tax | 60 | 79 | 107 | 143 | 190 | 251 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 0 | 62 | 146 | 258 | 406 | 601 |
| Working capital | 64 | 83 | 108 | 140 | 183 | 237 |
| Net block and other assets | 653 | 651 | 649 | 648 | 648 | 649 |
| Debt | 127 | 127 | 127 | 127 | 127 | 127 |
| Equity | 345 | 425 | 532 | 675 | 865 | 1,116 |
| Balance check | 0 | 0 | 0 | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 62 | 85 | 114 | 152 | 202 | |
| Investing (capex) | 0 | (1) | (2) | (4) | (7) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 62 | 84 | 112 | 148 | 195 | |
| Free cash flow to equity | 62 | 84 | 112 | 148 | 195 | |
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 | 30% | 22.8% | 11.00% | 5% | ₹871 | 511.9% |
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.