Models
Cospower Engineering LimitedBSE 543172Industrial Manufacturing
₹3,393per 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₹3,393implied FY26 P/E 28.1× · EV/EBITDA 26.9×
Against CMP ₹2,762.70+22.8%close of 6 Nov 2026
Growth the CMP implies23.5%revenue, a year for 5 years, on your other inputs
Value after FY3183%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
₹2,562₹5,053
52-week rangetraded range, a fact not a value
₹821₹3,300
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 95 |
| PV of terminal value | 472 |
| Enterprise value | 566 |
| less net debt | 2 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 568 |
| ÷ 0.17 crore shares | ₹3,393 |
83% 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% | 3,510 | 3,791 | 4,127 | 4,539 | 5,053 |
| 10.50% | 3,218 | 3,451 | 3,726 | 4,057 | 4,461 |
| 11.00% | 2,967 | 3,164 | 3,393 | 3,663 | 3,988 |
| 11.50% | 2,751 | 2,918 | 3,111 | 3,336 | 3,601 |
| 12.00% | 2,562 | 2,706 | 2,870 | 3,059 | 3,280 |
The outlined cell is your model. Green figures sit above the CMP of ₹2,762.70; 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 | 2,520 · 3,366 · 4,479 |
| Draws below the CMP | 19% |
| Rank correlation with revenue growth | +0.78 |
| Rank correlation with discount rate | −0.44 |
| Rank correlation with ebitda margin | +0.38 |
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 | 14 | 22 | 28 | 107 | 139 | 181 | 235 | 306 | 398 |
| growth % | 16.3 | 58.4 | 24.3 | 286.9 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 1 | 1 | 4 | 21 | 27 | 36 | 46 | 60 | 78 |
| margin % | 5.0 | 6.5 | 14.8 | 19.7 | 19.7 | 19.7 | 19.7 | 19.7 | 19.7 |
| less depreciation | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | — | — | — | 21 | 27 | 36 | 46 | 60 | 78 |
| less tax on EBIT | (6) | (8) | (11) | (14) | (18) | (24) | |||
| NOPAT | 15 | 19 | 25 | 32 | 42 | 54 | |||
| add depreciation | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| less capex | — | — | (2) | (3) | (4) | (4) | (3) | (2) | 0 |
| less working-capital build | — | (3) | (4) | (5) | (7) | (9) | |||
| Free cash flow to firm | — | — | 1 | — | 12 | 17 | 23 | 33 | 45 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 11 | 14 | 18 | 23 | 28 |
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 0, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 21 | 27 | 36 | 46 | 60 | 78 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 27 | 36 | 46 | 60 | 78 | |
| Profit after tax | 0 | 19 | 25 | 32 | 42 | 54 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 2 | 14 | 30 | 54 | 87 | 132 |
| Working capital | 10 | 14 | 18 | 23 | 30 | 39 |
| Net block and other assets | 75 | 79 | 83 | 87 | 89 | 89 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 0 | 19 | 44 | 76 | 118 | 172 |
| Balance check | 0 | 0 | 0 | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 16 | 21 | 27 | 35 | 45 | |
| Investing (capex) | (4) | (4) | (3) | (2) | 0 | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 12 | 17 | 23 | 33 | 45 | |
| Free cash flow to equity | 12 | 17 | 23 | 33 | 45 | |
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 | 30% | 19.7% | 11.00% | 5% | ₹3,393 | 22.8% |
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.