Models
DEEPAK BUILDERS & ENG I LDBEIL
₹14per 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₹14implied FY26 P/E 2.7× · EV/EBITDA 10.3×
Against CMP ₹7.20+96.6%close of 2026-09-21
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3170%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
₹10₹22
52-week rangetraded range, a fact not a value
₹5₹19
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 252 |
| PV of terminal value | 580 |
| Enterprise value | 831 |
| less net debt | (172) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 659 |
| ÷ 46.58 crore shares | ₹14 |
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% | 15 | 16 | 17 | 19 | 22 |
| 10.50% | 13 | 14 | 16 | 17 | 19 |
| 11.00% | 12 | 13 | 14 | 15 | 17 |
| 11.50% | 11 | 12 | 13 | 14 | 15 |
| 12.00% | 10 | 11 | 12 | 13 | 14 |
The outlined cell is your model. Green figures sit above the CMP of ₹7.20; 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 | 12 · 14 · 17 |
| Draws below the CMP | 0% |
| Rank correlation with discount rate | −0.81 |
| Rank correlation with ebitda margin | +0.57 |
| Rank correlation with revenue growth | −0.03 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 582 | 554 | 529 | 506 | 483 | 461 | 440 |
| growth % | — | (4.7) | (4.5) | (4.5) | (4.5) | (4.5) | (4.5) |
| EBITDA | 111 | 81 | 77 | 74 | 70 | 67 | 64 |
| margin % | 19.0 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 |
| less depreciation | (7) | (7) | (7) | (7) | (6) | (6) | (6) |
| EBIT | 104 | 74 | 70 | 67 | 64 | 61 | 59 |
| less tax on EBIT | (19) | (19) | (18) | (17) | (16) | (15) | |
| NOPAT | 54 | 52 | 50 | 47 | 45 | 43 | |
| add depreciation | 7 | 7 | 7 | 7 | 6 | 6 | 6 |
| less capex | (12) | (3) | (3) | (4) | (5) | (6) | (7) |
| less working-capital build | — | 17 | 16 | 15 | 14 | 14 | |
| Free cash flow to firm | (143) | — | 72 | 68 | 64 | 60 | 56 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 69 | 58 | 49 | 41 | 35 |
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 174, dividends at 11.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 74 | 70 | 67 | 64 | 61 | 59 |
| Interest at 16.8% on debt | (29) | (29) | (29) | (29) | (29) | |
| Profit before tax | 41 | 38 | 35 | 32 | 29 | |
| Profit after tax | 40 | 30 | 28 | 26 | 24 | 22 |
| Dividends | (5) | (4) | (3) | (3) | (3) | (3) |
| Balance sheet, year end | ||||||
| Cash | 3 | 50 | 93 | 132 | 167 | 199 |
| Working capital | 369 | 353 | 337 | 322 | 307 | 293 |
| Net block and other assets | 615 | 611 | 609 | 608 | 608 | 609 |
| Debt | 174 | 174 | 174 | 174 | 174 | 174 |
| Equity | 447 | 474 | 498 | 521 | 542 | 561 |
| Balance check | 0 | (0) | 0 | 0 | (0) | (0) |
| Cash flow | ||||||
| From operations | 54 | 50 | 47 | 44 | 41 | |
| Investing (capex) | (3) | (4) | (5) | (6) | (7) | |
| Financing (dividends) | (4) | (3) | (3) | (3) | (3) | |
| Net change in cash | 47 | 43 | 39 | 35 | 32 | |
| Free cash flow to equity | 51 | 46 | 42 | 38 | 34 | |
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 | -4.5% | 14.6% | 11.00% | 5% | ₹14 | 96.6% |
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.