₹108per 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₹108implied P/B 1.50× on FY26 book
Against CMP ₹75.34+43.0%close of 28 Oct 2026
Cost of equity8.08%risk-free + beta × equity risk premium
Book equity, FY26₹72per share · excess returns add ₹36
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 | 48 | 53 | 57 | 63 | 69 |
| Net income at 9.4% ROE | 5 | 5 | 5 | 6 | 6 |
| Cost of equity charge at 8.08% | (4) | (4) | (5) | (5) | (6) |
| Excess return | 1 | 1 | 1 | 1 | 1 |
| Present value | 1 | 1 | 1 | 1 | 1 |
| Closing book equity | 53 | 57 | 63 | 69 | 75 |
| Book equity today | 48 |
| PV of 5 years of excess return | 3 |
| PV of the terminal excess return, 5% flat | 21 |
| add non-operating investments | 0 |
| Equity value | 72 |
| ÷ 0.67 crore shares | ₹108 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹52₹92
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 9.4% | — | 8.08% | 5% | ₹108 | 43.0% |
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.