₹1,175per 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₹1,175implied P/B 2.62× on FY26 book
Against CMP ₹728.50+61.2%close of 27 Oct 2026
Cost of equity11.15%risk-free + beta × equity risk premium
Book equity, FY26₹449per share · excess returns add ₹726
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 | 5,980 | 6,895 | 7,951 | 9,168 | 10,571 |
| Net income at 18.2% ROE | 1,088 | 1,255 | 1,447 | 1,669 | 1,924 |
| Cost of equity charge at 11.15% | (667) | (769) | (886) | (1,022) | (1,178) |
| Excess return | 422 | 486 | 561 | 647 | 746 |
| Present value | 400 | 415 | 431 | 447 | 463 |
| Closing book equity | 6,895 | 7,951 | 9,168 | 10,571 | 12,189 |
| Book equity today | 5,980 |
| PV of 5 years of excess return | 2,156 |
| PV of the terminal excess return, 5% flat | 7,507 |
| add non-operating investments | 0 |
| Equity value | 15,643 |
| ÷ 13.32 crore shares | ₹1,175 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹693₹972
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 18.2% | — | 11.15% | 5% | ₹1,175 | 61.2% |
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.