Models
CHOICE INTERNATIONAL LTDCHOICEINFinance
₹62per 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₹62implied P/B 0.75× on FY26 book
Against CMP ₹720.00−91.4%close of 27 Oct 2026
Cost of equity14.88%risk-free + beta × equity risk premium
Book equity, FY26₹82per share · excess returns add ₹(20)
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 | 1,824 | 2,061 | 2,329 | 2,632 | 2,974 |
| Net income at 13% ROE | 237 | 268 | 303 | 342 | 387 |
| Cost of equity charge at 14.88% | (271) | (307) | (346) | (391) | (442) |
| Excess return | (34) | (39) | (44) | (49) | (56) |
| Present value | (32) | (31) | (31) | (30) | (30) |
| Closing book equity | 2,061 | 2,329 | 2,632 | 2,974 | 3,361 |
| Book equity today | 1,824 |
| PV of 5 years of excess return | (154) |
| PV of the terminal excess return, 5% flat | (296) |
| add non-operating investments | 0 |
| Equity value | 1,373 |
| ÷ 22.28 crore shares | ₹62 |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹569₹861
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 13% | — | 14.88% | 5% | ₹62 | (91.4)% |
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.