Models
DIAMOND POWER INFRA LTDDIACABSElectrical Equipment
₹13per 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₹13implied FY26 P/E 3.5× · EV/EBITDA 14.2×
Against CMP ₹369.05−96.5%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3186%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)₹44
52-week rangetraded range, a fact not a value
₹116₹379
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 448 |
| PV of terminal value | 2,732 |
| Enterprise value | 3,180 |
| less net debt | (2,494) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 686 |
| ÷ 52.70 crore shares | ₹13 |
86% 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% | 15 | 20 | 27 | 34 | 44 |
| 10.50% | 10 | 14 | 19 | 25 | 33 |
| 11.00% | 5 | 9 | 13 | 18 | 24 |
| 11.50% | 1 | 4 | 8 | 12 | 17 |
| 12.00% | (2) | 0 | 3 | 7 | 11 |
The outlined cell is your model. Green figures sit above the CMP of ₹369.05; 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 | (10) · 12 · 34 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.90 |
| Rank correlation with discount rate | −0.34 |
| Rank correlation with revenue growth | −0.13 |
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 | 1,115 | 1,910 | 2,483 | 3,228 | 4,196 | 5,455 | 7,092 |
| growth % | — | 71.2 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 67 | 224 | 291 | 378 | 491 | 638 | 830 |
| margin % | 6.0 | 11.7 | 11.7 | 11.7 | 11.7 | 11.7 | 11.7 |
| less depreciation | (20) | (31) | (40) | (52) | (67) | (87) | (113) |
| EBIT | 47 | 193 | 251 | 326 | 424 | 551 | 716 |
| less tax on EBIT | (4) | (6) | (7) | (10) | (13) | (16) | |
| NOPAT | 188 | 245 | 319 | 414 | 538 | 700 | |
| add depreciation | 20 | 31 | 40 | 52 | 67 | 87 | 113 |
| less capex | (68) | (81) | (107) | (120) | (131) | (137) | (136) |
| less working-capital build | — | (145) | (188) | (245) | (319) | (414) | |
| Free cash flow to firm | (51) | — | 33 | 62 | 106 | 170 | 263 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 31 | 53 | 81 | 118 | 164 |
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 2,530, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 193 | 251 | 326 | 424 | 551 | 716 |
| Interest at 2.6% on debt | (66) | (66) | (66) | (66) | (66) | |
| Profit before tax | 185 | 260 | 358 | 485 | 651 | |
| Profit after tax | 158 | 181 | 254 | 350 | 474 | 636 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 36 | 5 | 2 | 44 | 149 | 348 |
| Working capital | 483 | 628 | 816 | 1,061 | 1,380 | 1,794 |
| Net block and other assets | 1,885 | 1,952 | 2,020 | 2,083 | 2,133 | 2,156 |
| Debt | 2,530 | 2,530 | 2,530 | 2,530 | 2,530 | 2,530 |
| Equity | (604) | (423) | (169) | 181 | 655 | 1,290 |
| Balance check | 0 | (0) | (0) | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 76 | 117 | 172 | 243 | 335 | |
| Investing (capex) | (107) | (120) | (131) | (137) | (136) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (31) | (2) | 41 | 106 | 199 | |
| Free cash flow to equity | (31) | (2) | 41 | 106 | 199 | |
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% | 11.7% | 11.00% | 5% | ₹13 | (96.5)% |
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.