Models
EURO PANEL PRODUCTS LTDEUROBONDIndustrial Products
₹68per 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₹68implied FY26 P/E 6.5× · EV/EBITDA 5.8×
Against CMP ₹150.10−55.0%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3181%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
₹36₹130
52-week rangetraded range, a fact not a value
₹126₹248
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 61 |
| PV of terminal value | 259 |
| Enterprise value | 320 |
| less net debt | (154) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 166 |
| ÷ 2.45 crore shares | ₹68 |
81% 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% | 72 | 83 | 95 | 111 | 130 |
| 10.50% | 61 | 70 | 80 | 93 | 108 |
| 11.00% | 52 | 59 | 68 | 78 | 90 |
| 11.50% | 43 | 50 | 57 | 65 | 75 |
| 12.00% | 36 | 42 | 48 | 55 | 63 |
The outlined cell is your model. Green figures sit above the CMP of ₹150.10; 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 | 25 · 66 · 108 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.80 |
| Rank correlation with revenue growth | −0.43 |
| Rank correlation with discount rate | −0.37 |
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 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 503 | 543 | 587 | 634 | 685 | 739 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 55 | 59 | 64 | 69 | 75 | 81 |
| margin % | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 |
| less depreciation | (9) | (10) | (11) | (11) | (12) | (13) |
| EBIT | 46 | 49 | 53 | 58 | 62 | 67 |
| less tax on EBIT | (12) | (13) | (14) | (15) | (16) | (17) |
| NOPAT | 34 | 37 | 40 | 43 | 46 | 50 |
| add depreciation | 9 | 10 | 11 | 11 | 12 | 13 |
| less capex | (20) | (21) | (20) | (19) | (18) | (16) |
| less working-capital build | — | (17) | (18) | (19) | (21) | (22) |
| Free cash flow to firm | — | 9 | 12 | 16 | 20 | 25 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | 8 | 10 | 12 | 14 | 16 |
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 155, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 46 | 49 | 53 | 58 | 62 | 67 |
| Interest at 7.8% on debt | (12) | (12) | (12) | (12) | (12) | |
| Profit before tax | 37 | 41 | 46 | 50 | 55 | |
| Profit after tax | 0 | 28 | 31 | 34 | 37 | 41 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 1 | 0 | 4 | 10 | 22 | 38 |
| Working capital | 206 | 223 | 241 | 260 | 281 | 303 |
| Net block and other assets | 181 | 192 | 202 | 210 | 215 | 218 |
| Debt | 155 | 155 | 155 | 155 | 155 | 155 |
| Equity | 160 | 188 | 219 | 253 | 290 | 331 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 21 | 24 | 26 | 29 | 32 | |
| Investing (capex) | (21) | (20) | (19) | (18) | (16) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (0) | 3 | 7 | 11 | 16 | |
| Free cash flow to equity | (0) | 3 | 7 | 11 | 16 | |
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 | 8% | 10.9% | 11.00% | 5% | ₹68 | (55.0)% |
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.