Models
EVEREADY INDS. IND. LTD.EVEREADYHousehold Products
₹415per 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₹415implied FY26 P/E 16.9× · EV/EBITDA 15.0×
Against CMP ₹361.10+14.9%close of 2026-09-10
Growth the CMP implies3.9%revenue, a year for 5 years, on your other inputs
Value after FY3179%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
₹312₹620
52-week rangetraded range, a fact not a value
₹260₹459
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 660 |
| PV of terminal value | 2,527 |
| Enterprise value | 3,187 |
| less net debt | (172) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 3,015 |
| ÷ 7.27 crore shares | ₹415 |
79% 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% | 430 | 464 | 506 | 557 | 620 |
| 10.50% | 393 | 422 | 456 | 497 | 547 |
| 11.00% | 362 | 386 | 415 | 448 | 488 |
| 11.50% | 335 | 356 | 380 | 408 | 440 |
| 12.00% | 312 | 330 | 350 | 373 | 401 |
The outlined cell is your model. Green figures sit above the CMP of ₹361.10; 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 | 334 · 411 · 507 |
| Draws below the CMP | 21% |
| Rank correlation with ebitda margin | +0.68 |
| Rank correlation with discount rate | −0.63 |
| Rank correlation with revenue growth | +0.29 |
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 | 1,328 | 1,314 | 1,345 | 1,455 | 1,572 | 1,698 | 1,833 | 1,980 | 2,138 |
| growth % | 10.0 | (1.0) | 2.3 | 8.2 | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 110 | 140 | 152 | 212 | 229 | 248 | 268 | 289 | 312 |
| margin % | 8.3 | 10.7 | 11.3 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 |
| less depreciation | (27) | (30) | (30) | (30) | (33) | (36) | (39) | (42) | (45) |
| EBIT | 83 | 110 | 123 | 182 | 196 | 212 | 229 | 248 | 267 |
| less tax on EBIT | 5 | 6 | 6 | 6 | 7 | 7 | |||
| NOPAT | 187 | 202 | 218 | 236 | 254 | 275 | |||
| add depreciation | 27 | 30 | 30 | 30 | 33 | 36 | 39 | 42 | 45 |
| less capex | (24) | (34) | (96) | (95) | (102) | (93) | (83) | (70) | (54) |
| less working-capital build | — | (17) | (18) | (19) | (21) | (22) | |||
| Free cash flow to firm | 12 | 120 | 33 | — | 116 | 142 | 172 | 206 | 243 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 110 | 122 | 133 | 143 | 152 |
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 179, dividends at 6.4% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 182 | 196 | 212 | 229 | 248 | 267 |
| Interest at 8.1% on debt | (15) | (15) | (15) | (15) | (15) | |
| Profit before tax | 182 | 198 | 215 | 233 | 253 | |
| Profit after tax | 172 | 187 | 203 | 221 | 239 | 260 |
| Dividends | (11) | (12) | (13) | (14) | (15) | (17) |
| Balance sheet, year end | ||||||
| Cash | 8 | 97 | 211 | 355 | 530 | 742 |
| Working capital | 207 | 224 | 242 | 261 | 282 | 304 |
| Net block and other assets | 999 | 1,068 | 1,126 | 1,170 | 1,198 | 1,207 |
| Debt | 179 | 179 | 179 | 179 | 179 | 179 |
| Equity | 623 | 798 | 988 | 1,195 | 1,419 | 1,662 |
| Balance check | 0 | (0) | (0) | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 204 | 221 | 240 | 260 | 282 | |
| Investing (capex) | (102) | (93) | (83) | (70) | (54) | |
| Financing (dividends) | (12) | (13) | (14) | (15) | (17) | |
| Net change in cash | 89 | 115 | 143 | 175 | 212 | |
| Free cash flow to equity | 101 | 128 | 157 | 191 | 228 | |
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% | 14.6% | 11.00% | 5% | ₹415 | 14.9% |
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.