Models
GINNI FILAMENTS LTDGINNIFILATextiles & Apparels
₹63per 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₹63implied FY26 P/E 15.3× · EV/EBITDA 9.4×
Against CMP ₹38.99+62.8%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 FY3171%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
₹49₹92
52-week rangetraded range, a fact not a value
₹32₹58
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 165 |
| PV of terminal value | 411 |
| Enterprise value | 577 |
| less net debt | (33) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 544 |
| ÷ 8.57 crore shares | ₹63 |
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% | 66 | 70 | 76 | 83 | 92 |
| 10.50% | 61 | 65 | 69 | 75 | 82 |
| 11.00% | 56 | 60 | 63 | 68 | 74 |
| 11.50% | 52 | 55 | 59 | 62 | 67 |
| 12.00% | 49 | 52 | 54 | 58 | 61 |
The outlined cell is your model. Green figures sit above the CMP of ₹38.99; 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 | 53 · 64 · 76 |
| Draws below the CMP | 0% |
| Rank correlation with discount rate | −0.70 |
| Rank correlation with ebitda margin | +0.69 |
| 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 | 953 | 351 | 374 | 369 | 363 | 358 | 352 | 347 | 342 |
| growth % | (12.1) | (63.2) | 6.5 | (1.4) | (1.5) | (1.5) | (1.5) | (1.5) | (1.5) |
| EBITDA | 22 | (3) | 24 | 62 | 61 | 60 | 59 | 58 | 57 |
| margin % | 2.4 | (1.0) | 6.5 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 |
| less depreciation | (29) | (15) | (16) | (10) | (9) | (9) | (9) | (9) | (9) |
| EBIT | (7) | (18) | 9 | 52 | 51 | 50 | 50 | 49 | 48 |
| less tax on EBIT | (9) | (9) | (9) | (8) | (8) | (8) | |||
| NOPAT | 43 | 43 | 42 | 41 | 41 | 40 | |||
| add depreciation | 29 | 15 | 16 | 10 | 9 | 9 | 9 | 9 | 9 |
| less capex | (25) | (30) | (4) | (9) | (9) | (9) | (10) | (10) | (11) |
| less working-capital build | — | 1 | 1 | 1 | 1 | 1 | |||
| Free cash flow to firm | 94 | 14 | 6 | — | 45 | 43 | 42 | 41 | 40 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 42 | 37 | 32 | 28 | 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 33, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 52 | 51 | 50 | 50 | 49 | 48 |
| Interest at 9.1% on debt | (3) | (3) | (3) | (3) | (3) | |
| Profit before tax | 48 | 47 | 47 | 46 | 45 | |
| Profit after tax | 37 | 40 | 39 | 39 | 38 | 38 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 0 | 42 | 83 | 123 | 161 | 198 |
| Working capital | 98 | 97 | 95 | 94 | 93 | 91 |
| Net block and other assets | 230 | 229 | 229 | 230 | 231 | 233 |
| Debt | 33 | 33 | 33 | 33 | 33 | 33 |
| Equity | 236 | 276 | 315 | 354 | 392 | 429 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 51 | 50 | 49 | 49 | 48 | |
| Investing (capex) | (9) | (9) | (10) | (10) | (11) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 42 | 41 | 40 | 38 | 37 | |
| Free cash flow to equity | 42 | 41 | 40 | 38 | 37 | |
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 | -1.5% | 16.7% | 11.00% | 5% | ₹63 | 62.8% |
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.