Models
FINOLEX CABLES LTDFINCABLESIndustrial Products
₹791per 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₹791implied FY26 P/E 15.1× · EV/EBITDA 14.5×
Against CMP ₹1,433.00−44.8%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
₹604₹1,164
52-week rangetraded range, a fact not a value
₹701₹1,429
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 2,291 |
| PV of terminal value | 9,667 |
| Enterprise value | 11,958 |
| less net debt | 144 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 12,102 |
| ÷ 15.30 crore shares | ₹791 |
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% | 818 | 881 | 957 | 1,049 | 1,164 |
| 10.50% | 752 | 804 | 866 | 941 | 1,031 |
| 11.00% | 696 | 740 | 791 | 852 | 925 |
| 11.50% | 647 | 685 | 728 | 778 | 838 |
| 12.00% | 604 | 637 | 674 | 716 | 766 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,433.00; 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 | 626 · 782 · 976 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.72 |
| Rank correlation with discount rate | −0.55 |
| Rank correlation with revenue growth | +0.33 |
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 | 4,481 | 5,014 | 5,319 | 6,321 | 7,522 | 8,951 | 10,652 | 12,676 | 15,084 |
| growth % | 18.9 | 11.9 | 6.1 | 18.8 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 |
| EBITDA | 579 | 734 | 773 | 824 | 978 | 1,164 | 1,385 | 1,648 | 1,961 |
| margin % | 12.9 | 14.6 | 14.5 | 13.0 | 13.0 | 13.0 | 13.0 | 13.0 | 13.0 |
| less depreciation | (46) | (44) | (47) | (59) | (68) | (81) | (96) | (114) | (136) |
| EBIT | 533 | 690 | 727 | 765 | 910 | 1,083 | 1,289 | 1,534 | 1,825 |
| less tax on EBIT | (177) | (210) | (250) | (298) | (354) | (422) | |||
| NOPAT | 588 | 700 | 833 | 991 | 1,179 | 1,404 | |||
| add depreciation | 46 | 44 | 47 | 59 | 68 | 81 | 96 | 114 | 136 |
| less capex | (31) | (219) | (236) | (154) | (181) | (185) | (185) | (179) | (163) |
| less working-capital build | — | (222) | (264) | (315) | (374) | (446) | |||
| Free cash flow to firm | 325 | 358 | (29) | — | 365 | 464 | 587 | 740 | 931 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 346 | 397 | 452 | 514 | 582 |
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 19, dividends at 0.2% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 765 | 910 | 1,083 | 1,289 | 1,534 | 1,825 |
| Interest at 8.9% on debt | (2) | (2) | (2) | (2) | (2) | |
| Profit before tax | 908 | 1,081 | 1,287 | 1,532 | 1,823 | |
| Profit after tax | 714 | 699 | 832 | 990 | 1,178 | 1,402 |
| Dividends | (2) | (1) | (2) | (2) | (2) | (3) |
| Balance sheet, year end | ||||||
| Cash | 163 | 525 | 986 | 1,570 | 2,307 | 3,233 |
| Working capital | 1,171 | 1,393 | 1,657 | 1,972 | 2,346 | 2,792 |
| Net block and other assets | 5,656 | 5,769 | 5,874 | 5,963 | 6,028 | 6,055 |
| Debt | 19 | 19 | 19 | 19 | 19 | 19 |
| Equity | 6,086 | 6,783 | 7,613 | 8,601 | 9,777 | 11,176 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 544 | 648 | 771 | 918 | 1,092 | |
| Investing (capex) | (181) | (185) | (185) | (179) | (163) | |
| Financing (dividends) | (1) | (2) | (2) | (2) | (3) | |
| Net change in cash | 362 | 461 | 584 | 737 | 927 | |
| Free cash flow to equity | 364 | 462 | 586 | 739 | 930 | |
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 | 19% | 13% | 11.00% | 5% | ₹791 | (44.8)% |
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.