Models
GANESHA ECOSPHERE LIMITEDGANECOSTextiles & Apparels
₹-11per 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₹(11)implied FY26 P/E (0.5)× · EV/EBITDA 2.4×
Against CMP ₹1,014.10−101.1%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31119%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
₹(56)₹78
52-week rangetraded range, a fact not a value
₹654₹1,358
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (64) |
| PV of terminal value | 410 |
| Enterprise value | 345 |
| less net debt | (376) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (31) |
| ÷ 2.68 crore shares | ₹(11) |
119% 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% | (6) | 10 | 28 | 50 | 78 |
| 10.50% | (21) | (9) | 6 | 24 | 46 |
| 11.00% | (35) | (24) | (11) | 3 | 21 |
| 11.50% | (46) | (37) | (26) | (14) | 0 |
| 12.00% | (56) | (48) | (39) | (29) | (17) |
The outlined cell is your model. Green figures sit above the CMP of ₹1,014.10; 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 | (73) · (13) · 51 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.92 |
| Rank correlation with discount rate | −0.36 |
| Rank correlation with revenue growth | −0.07 |
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 | 1,180 | 1,123 | 1,466 | 1,482 | 1,496 | 1,511 | 1,527 | 1,542 | 1,557 |
| growth % | 15.5 | (4.8) | 30.5 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| EBITDA | 128 | 138 | 211 | 142 | 144 | 145 | 147 | 148 | 149 |
| margin % | 10.8 | 12.3 | 14.4 | 9.6 | 9.6 | 9.6 | 9.6 | 9.6 | 9.6 |
| less depreciation | (29) | (49) | (55) | (65) | (66) | (67) | (67) | (68) | (69) |
| EBIT | 99 | 89 | 156 | 77 | 78 | 79 | 79 | 80 | 81 |
| less tax on EBIT | (22) | (23) | (23) | (23) | (23) | (24) | |||
| NOPAT | 55 | 55 | 56 | 56 | 57 | 57 | |||
| add depreciation | 29 | 49 | 55 | 65 | 66 | 67 | 67 | 68 | 69 |
| less capex | (205) | (157) | (208) | (176) | (178) | (155) | (131) | (107) | (82) |
| less working-capital build | — | (4) | (4) | (4) | (4) | (4) | |||
| Free cash flow to firm | (185) | (113) | (167) | — | (61) | (37) | (12) | 14 | 39 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (58) | (31) | (9) | 9 | 25 |
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 496, dividends at 21% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 77 | 78 | 79 | 79 | 80 | 81 |
| Interest at 7.7% on debt | (38) | (38) | (38) | (38) | (38) | |
| Profit before tax | 40 | 40 | 41 | 42 | 43 | |
| Profit after tax | 38 | 28 | 29 | 29 | 30 | 30 |
| Dividends | (8) | (6) | (6) | (6) | (6) | (6) |
| Balance sheet, year end | ||||||
| Cash | 120 | 26 | (44) | (89) | (109) | (103) |
| Working capital | 408 | 412 | 416 | 420 | 425 | 429 |
| Net block and other assets | 1,476 | 1,588 | 1,676 | 1,740 | 1,779 | 1,793 |
| Debt | 496 | 496 | 496 | 496 | 496 | 496 |
| Equity | 1,276 | 1,298 | 1,321 | 1,344 | 1,367 | 1,391 |
| Balance check | 0 | 0 | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 90 | 91 | 92 | 93 | 95 | |
| Investing (capex) | (178) | (155) | (131) | (107) | (82) | |
| Financing (dividends) | (6) | (6) | (6) | (6) | (6) | |
| Net change in cash | (94) | (70) | (45) | (20) | 6 | |
| Free cash flow to equity | (88) | (64) | (39) | (13) | 12 | |
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 | 1% | 9.6% | 11.00% | 5% | ₹(11) | (101.1)% |
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.