Models
GILLETTE INDIA LTDGILLETTEPersonal Products
₹8,396per 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₹8,396implied FY26 P/E 41.0× · EV/EBITDA 28.7×
Against CMP ₹7,305.00+14.9%close of 2026-09-10
Growth the CMP implies25.8%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
₹6,405₹12,376
52-week rangetraded range, a fact not a value
₹7,206₹10,553
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 5,125 |
| PV of terminal value | 21,972 |
| Enterprise value | 27,096 |
| less net debt | 267 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 27,363 |
| ÷ 3.26 crore shares | ₹8,396 |
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% | 8,681 | 9,353 | 10,159 | 11,145 | 12,376 |
| 10.50% | 7,979 | 8,537 | 9,197 | 9,989 | 10,956 |
| 11.00% | 7,378 | 7,848 | 8,396 | 9,044 | 9,822 |
| 11.50% | 6,858 | 7,258 | 7,720 | 8,258 | 8,895 |
| 12.00% | 6,405 | 6,748 | 7,141 | 7,595 | 8,124 |
The outlined cell is your model. Green figures sit above the CMP of ₹7,305.00; 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 | 6,173 · 8,341 · 11,170 |
| Draws below the CMP | 29% |
| Rank correlation with revenue growth | +0.81 |
| Rank correlation with discount rate | −0.41 |
| Rank correlation with ebitda margin | +0.37 |
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 | 1,858 | 1,988 | 2,235 | 3,100 | 4,029 | 5,238 | 6,810 | 8,853 | 11,508 |
| growth % | 9.1 | 7.0 | 12.4 | 38.7 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 396 | 453 | 599 | 943 | 1,225 | 1,592 | 2,070 | 2,691 | 3,499 |
| margin % | 21.3 | 22.8 | 26.8 | 30.4 | 30.4 | 30.4 | 30.4 | 30.4 | 30.4 |
| less depreciation | (59) | (61) | (64) | (79) | (101) | (131) | (170) | (221) | (288) |
| EBIT | 336 | 391 | 535 | 865 | 1,124 | 1,461 | 1,900 | 2,470 | 3,211 |
| less tax on EBIT | (222) | (289) | (376) | (488) | (635) | (825) | |||
| NOPAT | 642 | 835 | 1,086 | 1,412 | 1,835 | 2,386 | |||
| add depreciation | 59 | 61 | 64 | 79 | 101 | 131 | 170 | 221 | 288 |
| less capex | — | — | (44) | (43) | (56) | (94) | (150) | (230) | (345) |
| less working-capital build | — | (74) | (97) | (126) | (163) | (212) | |||
| Free cash flow to firm | — | — | 284 | — | 805 | 1,026 | 1,306 | 1,663 | 2,116 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 764 | 877 | 1,006 | 1,154 | 1,323 |
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 100% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 865 | 1,124 | 1,461 | 1,900 | 2,470 | 3,211 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 1,124 | 1,461 | 1,900 | 2,470 | 3,211 | |
| Profit after tax | 654 | 835 | 1,086 | 1,412 | 1,835 | 2,386 |
| Dividends | (740) | (835) | (1,086) | (1,412) | (1,835) | (2,386) |
| Balance sheet, year end | ||||||
| Cash | 267 | 237 | 177 | 71 | (101) | (371) |
| Working capital | 249 | 323 | 420 | 546 | 709 | 922 |
| Net block and other assets | 1,356 | 1,312 | 1,275 | 1,254 | 1,263 | 1,321 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 946 | 946 | 946 | 946 | 946 | 946 |
| Balance check | 0 | 0 | (0) | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 862 | 1,120 | 1,456 | 1,893 | 2,461 | |
| Investing (capex) | (56) | (94) | (150) | (230) | (345) | |
| Financing (dividends) | (835) | (1,086) | (1,412) | (1,835) | (2,386) | |
| Net change in cash | (30) | (60) | (105) | (172) | (270) | |
| Free cash flow to equity | 805 | 1,026 | 1,306 | 1,663 | 2,116 | |
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 | 30% | 30.4% | 11.00% | 5% | ₹8,396 | 14.9% |
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.