₹1,055per 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₹1,055implied P/B 2.35× on FY26 book
Against CMP ₹781.00+35.1%close of 2026-09-10
Cost of equity11.73%risk-free + beta × equity risk premium
Book equity, FY26₹449per share · excess returns add ₹606
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 11.73% | (702) | (809) | (933) | (1,076) | (1,240) |
| Excess return | 387 | 446 | 514 | 593 | 684 |
| Present value | 366 | 378 | 390 | 402 | 415 |
| 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 | 1,950 |
| PV of the terminal excess return, 5% flat | 6,124 |
| add non-operating investments | 0 |
| Equity value | 14,054 |
| ÷ 13.32 crore shares | ₹1,055 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹733₹972
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 18.2% | — | 11.73% | 5% | ₹1,055 | 35.1% |
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.