Models
CHOICE INTERNATIONAL LTDCHOICEINFinance
₹57per 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₹57implied P/B 0.70× on FY26 book
Against CMP ₹757.55−92.4%close of 2026-09-10
Cost of equity15.39%risk-free + beta × equity risk premium
Book equity, FY26₹82per share · excess returns add ₹(24)
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 15.39% | (281) | (317) | (358) | (405) | (458) |
| Excess return | (44) | (49) | (56) | (63) | (71) |
| Present value | (41) | (40) | (39) | (38) | (37) |
| 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 | (194) |
| PV of the terminal excess return, 5% flat | (351) |
| add non-operating investments | 0 |
| Equity value | 1,279 |
| ÷ 22.28 crore shares | ₹57 |
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% | — | 15.39% | 5% | ₹57 | (92.4)% |
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.