Models
DIVGI TORQTRANSFER SYST LDIVGIITTSAuto Components
₹99per 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₹99implied FY26 P/E 4.8× · EV/EBITDA 3.9×
Against CMP ₹1,199.90−91.7%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3192%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
₹75₹148
52-week rangetraded range, a fact not a value
₹574₹1,330
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 22 |
| PV of terminal value | 251 |
| Enterprise value | 273 |
| less net debt | 31 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 304 |
| ÷ 3.06 crore shares | ₹99 |
92% 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% | 103 | 111 | 121 | 133 | 148 |
| 10.50% | 94 | 101 | 109 | 119 | 130 |
| 11.00% | 87 | 93 | 99 | 107 | 117 |
| 11.50% | 81 | 86 | 91 | 98 | 106 |
| 12.00% | 75 | 80 | 84 | 90 | 96 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,199.90; 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 | 0 · 97 · 179 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.93 |
| Rank correlation with revenue growth | −0.31 |
| Rank correlation with discount rate | −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 | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 271 | 253 | 219 | 353 | 459 | 596 | 775 | 1,008 | 1,310 |
| growth % | — | (6.5) | (13.6) | 61.2 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 74 | 53 | 37 | 70 | 91 | 118 | 154 | 200 | 259 |
| margin % | 27.5 | 20.9 | 17.1 | 19.8 | 19.8 | 19.8 | 19.8 | 19.8 | 19.8 |
| less depreciation | (13) | (19) | (25) | (29) | (38) | (49) | (64) | (84) | (109) |
| EBIT | 61 | 34 | 12 | 41 | 53 | 69 | 89 | 116 | 151 |
| less tax on EBIT | (10) | (13) | (17) | (22) | (29) | (38) | |||
| NOPAT | 31 | 39 | 51 | 67 | 87 | 113 | |||
| add depreciation | 13 | 19 | 25 | 29 | 38 | 49 | 64 | 84 | 109 |
| less capex | (68) | (78) | (27) | (44) | (58) | (71) | (87) | (107) | (131) |
| less working-capital build | — | (23) | (30) | (40) | (51) | (67) | |||
| Free cash flow to firm | (28) | (45) | 9 | — | (4) | (1) | 4 | 12 | 24 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (3) | (1) | 3 | 8 | 15 |
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 16.9% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 41 | 53 | 69 | 89 | 116 | 151 |
| Interest at 8% on debt | (0) | (0) | (0) | (0) | (0) | |
| Profit before tax | 53 | 69 | 89 | 116 | 151 | |
| Profit after tax | 47 | 39 | 51 | 67 | 87 | 113 |
| Dividends | (8) | (7) | (9) | (11) | (15) | (19) |
| Balance sheet, year end | ||||||
| Cash | 32 | 21 | 12 | 4 | 2 | 7 |
| Working capital | 78 | 101 | 132 | 171 | 223 | 290 |
| Net block and other assets | 622 | 642 | 663 | 687 | 710 | 732 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 635 | 668 | 711 | 766 | 838 | 932 |
| Balance check | 0 | 0 | 0 | 0 | (0) | (0) |
| Cash flow | ||||||
| From operations | 54 | 70 | 91 | 119 | 155 | |
| Investing (capex) | (58) | (71) | (87) | (107) | (131) | |
| Financing (dividends) | (7) | (9) | (11) | (15) | (19) | |
| Net change in cash | (10) | (9) | (7) | (3) | 5 | |
| Free cash flow to equity | (4) | (1) | 4 | 12 | 24 | |
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% | 19.8% | 11.00% | 5% | ₹99 | (91.7)% |
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.