Models
ECOS (INDIA) MOB & HOSP LECOSMOBLTY
₹251per 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₹251implied FY26 P/E 25.7× · EV/EBITDA 15.8×
Against CMP ₹112.80+122.9%close of 2026-09-10
Growth the CMP implies1.2%revenue, a year for 5 years, on your other inputs
Value after FY3180%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
₹193₹369
52-week rangetraded range, a fact not a value
₹104₹295
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 291 |
| PV of terminal value | 1,194 |
| Enterprise value | 1,485 |
| less net debt | 24 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 1,509 |
| ÷ 6.00 crore shares | ₹251 |
80% 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% | 260 | 280 | 304 | 333 | 369 |
| 10.50% | 239 | 256 | 275 | 298 | 327 |
| 11.00% | 221 | 235 | 251 | 271 | 294 |
| 11.50% | 206 | 218 | 231 | 247 | 266 |
| 12.00% | 193 | 203 | 214 | 228 | 243 |
The outlined cell is your model. Green figures sit above the CMP of ₹112.80; 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 | 187 · 249 · 331 |
| Draws below the CMP | 0% |
| Rank correlation with revenue growth | +0.66 |
| Rank correlation with ebitda margin | +0.57 |
| Rank correlation with discount rate | −0.42 |
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 | 654 | 808 | 998 | 1,233 | 1,522 | 1,880 | 2,322 |
| growth % | — | 23.6 | 23.5 | 23.5 | 23.5 | 23.5 | 23.5 |
| EBITDA | 92 | 94 | 116 | 143 | 177 | 218 | 269 |
| margin % | 14.1 | 11.6 | 11.6 | 11.6 | 11.6 | 11.6 | 11.6 |
| less depreciation | (21) | (28) | (35) | (43) | (53) | (66) | (81) |
| EBIT | 71 | 66 | 81 | 100 | 123 | 152 | 188 |
| less tax on EBIT | (16) | (20) | (25) | (30) | (37) | (46) | |
| NOPAT | 50 | 61 | 75 | 93 | 115 | 142 | |
| add depreciation | 21 | 28 | 35 | 43 | 53 | 66 | 81 |
| less capex | (32) | (35) | (43) | (53) | (65) | (79) | (98) |
| less working-capital build | — | (5) | (6) | (7) | (9) | (11) | |
| Free cash flow to firm | 43 | — | 48 | 60 | 75 | 93 | 115 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 46 | 51 | 57 | 64 | 72 |
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 25% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 66 | 81 | 100 | 123 | 152 | 188 |
| Interest at 8% on debt | (0) | (0) | (0) | (0) | (0) | |
| Profit before tax | 81 | 100 | 123 | 152 | 188 | |
| Profit after tax | 58 | 61 | 75 | 93 | 115 | 142 |
| Dividends | (14) | (15) | (19) | (23) | (29) | (35) |
| Balance sheet, year end | ||||||
| Cash | 24 | 57 | 99 | 150 | 214 | 293 |
| Working capital | 19 | 24 | 29 | 36 | 45 | 55 |
| Net block and other assets | 370 | 378 | 388 | 399 | 413 | 429 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 265 | 311 | 367 | 437 | 523 | 629 |
| Balance check | 0 | 0 | (0) | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 91 | 113 | 139 | 172 | 212 | |
| Investing (capex) | (43) | (53) | (65) | (79) | (98) | |
| Financing (dividends) | (15) | (19) | (23) | (29) | (35) | |
| Net change in cash | 33 | 41 | 51 | 64 | 79 | |
| Free cash flow to equity | 48 | 60 | 75 | 93 | 115 | |
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 | 23.5% | 11.6% | 11.00% | 5% | ₹251 | 122.9% |
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.