Models
EMA INDIA LTD.BSE 522027Industrial Manufacturing
₹1,17,582per share · Base Model Note
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₹1,17,582implied P/B 2954.24× on FY26 book
Against CMP ₹597.95+19564.2%close of 26 Oct 2026
Cost of equity6.18%risk-free + beta × equity risk premium
Book equity, FY26₹40per share · excess returns add ₹1,17,542
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 4 | 10 | 23 | 55 | 131 |
| Net income at 139.4% ROE | 6 | 13 | 32 | 77 | 183 |
| Cost of equity charge at 6.18% | (0) | (1) | (1) | (3) | (8) |
| Excess return | 5 | 13 | 31 | 73 | 175 |
| Present value | 5 | 12 | 26 | 59 | 134 |
| Closing book equity | 10 | 23 | 55 | 131 | 315 |
| Book equity today | 4 |
| PV of 5 years of excess return | 236 |
| PV of the terminal excess return, 5% flat | 11,577 |
| add non-operating investments | 0 |
| Equity value | 11,817 |
| ÷ 0.10 crore shares | ₹1,17,582 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹346₹877
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 139.4% | — | 6.18% | 5% | ₹1,17,582 | 19564.2% |
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.