Models
GEECEE VENTURES LIMITEDGEECEERealty
₹519per 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₹519implied FY26 P/E 23.0× · EV/EBITDA 16.6×
Against CMP ₹366.85+41.4%close of 28 Oct 2026
Growth the CMP implies—%no growth rate between −20% and 45% a year brings the value to the CMP on your other inputs
Value after FY3170%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
₹432₹691
52-week rangetraded range, a fact not a value
₹216₹390
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 259 |
| PV of terminal value | 607 |
| Enterprise value | 866 |
| less net debt | 219 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 1,085 |
| ÷ 2.09 crore shares | ₹519 |
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% | 532 | 561 | 595 | 638 | 691 |
| 10.50% | 501 | 525 | 554 | 588 | 629 |
| 11.00% | 475 | 495 | 519 | 547 | 580 |
| 11.50% | 452 | 469 | 489 | 513 | 540 |
| 12.00% | 432 | 447 | 464 | 484 | 506 |
The outlined cell is your model. Green figures sit above the CMP of ₹366.85; 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 | 472 · 519 · 580 |
| Draws below the CMP | 0% |
| Rank correlation with discount rate | −0.90 |
| Rank correlation with ebitda margin | +0.42 |
| Rank correlation with revenue growth | −0.03 |
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 | 40 | 97 | 135 | 75 | 71 | 68 | 64 | 61 | 58 |
| growth % | (58.2) | 141.4 | 39.7 | (44.6) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | 15 | 45 | 61 | 52 | 50 | 47 | 45 | 43 | 40 |
| margin % | 37.4 | 46.5 | 45.1 | 69.8 | 69.8 | 69.8 | 69.8 | 69.8 | 69.8 |
| less depreciation | (2) | (2) | (2) | (2) | (2) | (2) | (2) | (2) | (2) |
| EBIT | 13 | 43 | 59 | 50 | 48 | 45 | 43 | 41 | 39 |
| less tax on EBIT | (9) | (8) | (8) | (7) | (7) | (7) | |||
| NOPAT | 41 | 39 | 37 | 36 | 34 | 32 | |||
| add depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| less capex | (1) | (13) | (2) | (1) | (1) | (1) | (1) | (2) | (2) |
| less working-capital build | — | 33 | 31 | 30 | 28 | 27 | |||
| Free cash flow to firm | 67 | (34) | 214 | — | 74 | 69 | 66 | 62 | 58 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 70 | 59 | 51 | 43 | 37 |
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 0, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 50 | 48 | 45 | 43 | 41 | 39 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 48 | 45 | 43 | 41 | 39 | |
| Profit after tax | 42 | 39 | 37 | 36 | 34 | 32 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 219 | 292 | 362 | 428 | 489 | 548 |
| Working capital | 654 | 622 | 590 | 561 | 533 | 506 |
| Net block and other assets | 541 | 540 | 539 | 538 | 538 | 539 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 837 | 876 | 914 | 949 | 983 | 1,015 |
| Balance check | 0 | 0 | 0 | 0 | (0) | 0 |
| Cash flow | ||||||
| From operations | 74 | 70 | 67 | 64 | 60 | |
| Investing (capex) | (1) | (1) | (1) | (2) | (2) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 74 | 69 | 66 | 62 | 58 | |
| Free cash flow to equity | 74 | 69 | 66 | 62 | 58 | |
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 | -5% | 69.8% | 11.00% | 5% | ₹519 | 41.4% |
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.