₹82per 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₹82implied P/B 2.29× on FY26 book
Against CMP ₹55.61+47.1%close of 28 Oct 2026
Cost of equity8.88%risk-free + beta × equity risk premium
Book equity, FY26₹36per share · excess returns add ₹46
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 | 721 | 813 | 916 | 1,032 | 1,163 |
| Net income at 12.7% ROE | 92 | 103 | 116 | 131 | 148 |
| Cost of equity charge at 8.88% | (64) | (72) | (81) | (92) | (103) |
| Excess return | 28 | 31 | 35 | 39 | 44 |
| Present value | 26 | 27 | 28 | 29 | 30 |
| Closing book equity | 813 | 916 | 1,032 | 1,163 | 1,311 |
| Book equity today | 721 |
| PV of 5 years of excess return | 142 |
| PV of the terminal excess return, 5% flat | 785 |
| add non-operating investments | 0 |
| Equity value | 1,648 |
| ÷ 20.14 crore shares | ₹82 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹32₹76
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 12.7% | — | 8.88% | 5% | ₹82 | 47.1% |
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.