Models
CORDS CABLE INDUS LTD.CORDSCABLE
₹-6per 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₹(6)implied FY26 P/E (0.3)× · EV/EBITDA 1.6×
Against CMP ₹284.20−102.3%close of 30 Oct 2026
Growth the CMP implies—%no growth rate between −20% and 45% a year brings the value to the CMP on your other inputs
Value after FY3177%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
₹(22)₹25
52-week rangetraded range, a fact not a value
₹127₹407
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 21 |
| PV of terminal value | 70 |
| Enterprise value | 91 |
| less net debt | (99) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (8) |
| ÷ 1.29 crore shares | ₹(6) |
77% of the value sits after FY31. Usual when return on capital sits near the cost of capital; the 5 explicit years carry little of it.
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% | (4) | 1 | 8 | 16 | 25 |
| 10.50% | (10) | (5) | 0 | 6 | 14 |
| 11.00% | (15) | (11) | (6) | (1) | 5 |
| 11.50% | (19) | (16) | (12) | (8) | (2) |
| 12.00% | (22) | (20) | (16) | (13) | (9) |
The outlined cell is your model. Green figures sit above the CMP of ₹284.20; 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 | (226) · (6) · 154 |
| Draws below the CMP | 100% |
| Rank correlation with revenue growth | −0.81 |
| Rank correlation with ebitda margin | +0.57 |
| Rank correlation with discount rate | −0.04 |
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 | 526 | 628 | 795 | 954 | 1,145 | 1,374 | 1,648 | 1,978 | 2,374 |
| growth % | 20.2 | 19.3 | 26.6 | 20.1 | 20.0 | 20.0 | 20.0 | 20.0 | 20.0 |
| EBITDA | 40 | 41 | 49 | 58 | 70 | 84 | 101 | 121 | 145 |
| margin % | 7.5 | 6.6 | 6.2 | 6.1 | 6.1 | 6.1 | 6.1 | 6.1 | 6.1 |
| less depreciation | (8) | (8) | (8) | (10) | (11) | (14) | (16) | (20) | (24) |
| EBIT | 32 | 33 | 41 | 49 | 58 | 70 | 84 | 101 | 121 |
| less tax on EBIT | (12) | (15) | (18) | (21) | (26) | (31) | |||
| NOPAT | 36 | 43 | 52 | 63 | 75 | 90 | |||
| add depreciation | 8 | 8 | 8 | 10 | 11 | 14 | 16 | 20 | 24 |
| less capex | (6) | (5) | (20) | (10) | (13) | (15) | (19) | (23) | (28) |
| less working-capital build | — | (38) | (46) | (55) | (66) | (79) | |||
| Free cash flow to firm | 29 | 24 | (6) | — | 4 | 5 | 5 | 6 | 7 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 4 | 4 | 4 | 4 | 4 |
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 99, dividends at 6.3% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 49 | 58 | 70 | 84 | 101 | 121 |
| Interest at 8% on debt | (8) | (8) | (8) | (8) | (8) | |
| Profit before tax | 50 | 62 | 76 | 93 | 113 | |
| Profit after tax | 21 | 38 | 46 | 57 | 69 | 84 |
| Dividends | (1) | (2) | (3) | (4) | (4) | (5) |
| Balance sheet, year end | ||||||
| Cash | 1 | (3) | (7) | (11) | (15) | (20) |
| Working capital | 190 | 228 | 273 | 328 | 394 | 472 |
| Net block and other assets | 300 | 301 | 303 | 305 | 308 | 313 |
| Debt | 99 | 99 | 99 | 99 | 99 | 99 |
| Equity | 202 | 237 | 280 | 333 | 398 | 477 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 11 | 14 | 19 | 23 | 29 | |
| Investing (capex) | (13) | (15) | (19) | (23) | (28) | |
| Financing (dividends) | (2) | (3) | (4) | (4) | (5) | |
| Net change in cash | (4) | (4) | (4) | (4) | (5) | |
| Free cash flow to equity | (2) | (1) | (0) | 0 | 1 | |
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 | 20% | 6.1% | 11.00% | 5% | ₹(6) | (102.3)% |
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.