FINKURVE FINANCIAL SERV L — valuation model

FINKURVE FINANCIAL SERV LFINKURVEFinance

₹27per 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

Inputslive

Template

FINKURVE FINANCIAL SERV L is a lender: the loans it makes run through its cash flow, so free cash flow to the firm does not measure it. It is valued on the excess-return template: book equity earning your ROE over the cost of equity.

Explicit years, then flat

Excess returns are projected to FY27; after that they grow flat at the terminal rate.

These inputs are part of the Trader plan; on your plan they stay at the figures shown. See plans

Book equity today

0FY22 filed 1581,000

Return on equity

0FY22 as filed40

Dividend payout

0FY22 as filed100

Book equity earns your ROE; what is not paid out compounds the book.

Value per share, your model₹27implied P/B 2.42× on FY22 book

Against CMP ₹63.13−56.9%close of 28 Oct 2026

Cost of equity8.59%risk-free + beta × equity risk premium

Book equity, FY22₹11per share · excess returns add ₹16

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	FY23	FY24	FY25	FY26	FY27
Opening book equity	158	178	200	225	253
Net income at 12.5% ROE	20	22	25	28	32
Cost of equity charge at 8.59%	(14)	(15)	(17)	(19)	(22)
Excess return	6	7	8	9	10
Present value	6	6	6	7	7
Closing book equity	178	200	225	253	285

Book equity today	158
PV of 5 years of excess return	32
PV of the terminal excess return, 5% flat	192
add non-operating investments	0
Equity value	382
÷ 14.01 crore shares	₹27

Where the methods land · ₹ per share · the dashed line is the CMP

52-week rangetraded range, a fact not a value

₹48₹120

Scenarios side by side · ₹ per share

Scenario	Template	Growth	Margin	Rate	Terminal	₹ / share	vs CMP
Base · editing	Excess return	ROE 12.5%	—	8.59%	5%	₹27	(56.9)%

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.