Models
CENTURY ENKA LTDCENTENKATextiles & Apparels
₹418per 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₹418implied FY26 P/E 6.2× · EV/EBITDA 6.3×
Against CMP ₹566.00−26.2%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3166%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
₹334₹584
52-week rangetraded range, a fact not a value
₹371₹672
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 313 |
| PV of terminal value | 613 |
| Enterprise value | 926 |
| less net debt | (13) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 913 |
| ÷ 2.19 crore shares | ₹418 |
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% | 431 | 458 | 492 | 533 | 584 |
| 10.50% | 401 | 424 | 451 | 484 | 525 |
| 11.00% | 375 | 395 | 418 | 445 | 477 |
| 11.50% | 353 | 370 | 389 | 411 | 438 |
| 12.00% | 334 | 348 | 364 | 383 | 405 |
The outlined cell is your model. Green figures sit above the CMP of ₹566.00; 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 | 348 · 418 · 499 |
| Draws below the CMP | 99% |
| Rank correlation with ebitda margin | +0.78 |
| Rank correlation with discount rate | −0.60 |
| Rank correlation with revenue growth | −0.02 |
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 | 2,072 | 1,744 | 2,002 | 1,705 | 1,620 | 1,539 | 1,462 | 1,389 | 1,320 |
| growth % | — | (15.8) | 14.8 | (14.8) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | 142 | 83 | 115 | 146 | 139 | 132 | 126 | 119 | 113 |
| margin % | 6.9 | 4.7 | 5.7 | 8.6 | 8.6 | 8.6 | 8.6 | 8.6 | 8.6 |
| less depreciation | (41) | (50) | (55) | (55) | (52) | (49) | (47) | (44) | (42) |
| EBIT | 101 | 33 | 60 | 90 | 87 | 83 | 79 | 75 | 71 |
| less tax on EBIT | (19) | (19) | (18) | (17) | (16) | (15) | |||
| NOPAT | 71 | 69 | 65 | 62 | 59 | 56 | |||
| add depreciation | 41 | 50 | 55 | 55 | 52 | 49 | 47 | 44 | 42 |
| less capex | (239) | (115) | (51) | (37) | (36) | (40) | (44) | (48) | (51) |
| less working-capital build | — | 14 | 13 | 13 | 12 | 12 | |||
| Free cash flow to firm | (20) | (27) | 66 | — | 99 | 88 | 77 | 68 | 59 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 94 | 75 | 60 | 47 | 37 |
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 20, dividends at 21.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 90 | 87 | 83 | 79 | 75 | 71 |
| Interest at 10.7% on debt | (2) | (2) | (2) | (2) | (2) | |
| Profit before tax | 85 | 81 | 77 | 73 | 69 | |
| Profit after tax | 101 | 67 | 64 | 60 | 57 | 54 |
| Dividends | (22) | (15) | (14) | (13) | (12) | (12) |
| Balance sheet, year end | ||||||
| Cash | 7 | 90 | 162 | 224 | 278 | 324 |
| Working capital | 284 | 269 | 256 | 243 | 231 | 220 |
| Net block and other assets | 1,561 | 1,545 | 1,536 | 1,533 | 1,536 | 1,545 |
| Debt | 20 | 20 | 20 | 20 | 20 | 20 |
| Equity | 1,496 | 1,548 | 1,598 | 1,645 | 1,690 | 1,733 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 133 | 126 | 120 | 114 | 108 | |
| Investing (capex) | (36) | (40) | (44) | (48) | (51) | |
| Financing (dividends) | (15) | (14) | (13) | (12) | (12) | |
| Net change in cash | 83 | 72 | 63 | 54 | 46 | |
| Free cash flow to equity | 97 | 86 | 76 | 66 | 57 | |
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 | -5% | 8.6% | 11.00% | 5% | ₹418 | (26.2)% |
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.