Models
CRAFTSMAN AUTOMATION LTDCRAFTSMANAuto Components
₹592per 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₹592implied FY26 P/E 3.1× · EV/EBITDA 3.9×
Against CMP ₹11,699.00−94.9%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31123%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
₹(52)₹1,892
52-week rangetraded range, a fact not a value
₹6,324₹11,999
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (1,081) |
| PV of terminal value | 5,826 |
| Enterprise value | 4,744 |
| less net debt | (3,196) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 1,548 |
| ÷ 2.62 crore shares | ₹592 |
123% 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% | 672 | 894 | 1,160 | 1,485 | 1,892 |
| 10.50% | 447 | 631 | 849 | 1,111 | 1,430 |
| 11.00% | 256 | 411 | 592 | 806 | 1,063 |
| 11.50% | 91 | 223 | 375 | 553 | 764 |
| 12.00% | (52) | 61 | 191 | 341 | 516 |
The outlined cell is your model. Green figures sit above the CMP of ₹11,699.00; 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 | (1,314) · 542 · 2,189 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.93 |
| Rank correlation with revenue growth | −0.29 |
| Rank correlation with discount rate | −0.17 |
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 | 3,183 | 4,452 | 5,690 | 8,069 | 10,490 | 13,637 | 17,728 | 23,047 | 29,961 |
| growth % | 43.6 | 39.9 | 27.8 | 41.8 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 684 | 879 | 807 | 1,225 | 1,594 | 2,073 | 2,695 | 3,503 | 4,554 |
| margin % | 21.5 | 19.7 | 14.2 | 15.2 | 15.2 | 15.2 | 15.2 | 15.2 | 15.2 |
| less depreciation | (222) | (278) | (347) | (444) | (577) | (750) | (975) | (1,268) | (1,648) |
| EBIT | 462 | 601 | 460 | 781 | 1,018 | 1,323 | 1,720 | 2,236 | 2,906 |
| less tax on EBIT | (220) | (287) | (373) | (485) | (630) | (820) | |||
| NOPAT | 561 | 731 | 950 | 1,235 | 1,605 | 2,087 | |||
| add depreciation | 222 | 278 | 347 | 444 | 577 | 750 | 975 | 1,268 | 1,648 |
| less capex | (345) | (631) | (992) | (1,188) | (1,542) | (1,728) | (1,888) | (1,988) | (1,977) |
| less working-capital build | — | (419) | (544) | (708) | (920) | (1,196) | |||
| Free cash flow to firm | 263 | (118) | (708) | — | (653) | (573) | (386) | (35) | 561 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (620) | (490) | (297) | (24) | 351 |
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 3,341, dividends at 3.1% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 781 | 1,018 | 1,323 | 1,720 | 2,236 | 2,906 |
| Interest at 11.5% on debt | (384) | (384) | (384) | (384) | (384) | |
| Profit before tax | 633 | 939 | 1,335 | 1,851 | 2,522 | |
| Profit after tax | 384 | 455 | 674 | 959 | 1,329 | 1,811 |
| Dividends | (12) | (14) | (21) | (30) | (41) | (56) |
| Balance sheet, year end | ||||||
| Cash | 145 | (798) | (1,668) | (2,360) | (2,712) | (2,483) |
| Working capital | 1,395 | 1,814 | 2,358 | 3,066 | 3,986 | 5,182 |
| Net block and other assets | 7,438 | 8,404 | 9,382 | 10,295 | 11,015 | 11,345 |
| Debt | 3,341 | 3,341 | 3,341 | 3,341 | 3,341 | 3,341 |
| Equity | 3,264 | 3,705 | 4,358 | 5,287 | 6,575 | 8,330 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 613 | 880 | 1,226 | 1,677 | 2,263 | |
| Investing (capex) | (1,542) | (1,728) | (1,888) | (1,988) | (1,977) | |
| Financing (dividends) | (14) | (21) | (30) | (41) | (56) | |
| Net change in cash | (943) | (870) | (692) | (352) | 229 | |
| Free cash flow to equity | (929) | (849) | (662) | (311) | 285 | |
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% | 15.2% | 11.00% | 5% | ₹592 | (94.9)% |
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.