Models
GOLDIAM INTERNATIONAL LTDGOLDIAMConsumer Durables
₹46per 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₹46implied FY26 P/E 2.5× · EV/EBITDA 1.4×
Against CMP ₹328.00−85.9%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3179%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
₹40₹58
52-week rangetraded range, a fact not a value
₹265₹507
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 61 |
| PV of terminal value | 228 |
| Enterprise value | 290 |
| less net debt | 231 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 521 |
| ÷ 11.29 crore shares | ₹46 |
79% 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% | 47 | 49 | 51 | 54 | 58 |
| 10.50% | 45 | 47 | 49 | 51 | 54 |
| 11.00% | 43 | 44 | 46 | 48 | 50 |
| 11.50% | 41 | 43 | 44 | 46 | 48 |
| 12.00% | 40 | 41 | 42 | 44 | 45 |
The outlined cell is your model. Green figures sit above the CMP of ₹328.00; 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 | (73) · 46 · 128 |
| Draws below the CMP | 100% |
| Rank correlation with revenue growth | −0.84 |
| Rank correlation with ebitda margin | +0.52 |
| Rank correlation with discount rate | −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 | 533 | 603 | 781 | 977 | 1,221 | 1,526 | 1,908 | 2,385 | 2,981 |
| growth % | (22.5) | 13.1 | 29.5 | 25.1 | 25.0 | 25.0 | 25.0 | 25.0 | 25.0 |
| EBITDA | 104 | 114 | 160 | 204 | 255 | 319 | 399 | 498 | 623 |
| margin % | 19.5 | 19.0 | 20.4 | 20.9 | 20.9 | 20.9 | 20.9 | 20.9 | 20.9 |
| less depreciation | (7) | (6) | (6) | (15) | (18) | (23) | (29) | (36) | (45) |
| EBIT | 96 | 108 | 153 | 190 | 237 | 296 | 370 | 463 | 578 |
| less tax on EBIT | (50) | (62) | (77) | (97) | (121) | (151) | |||
| NOPAT | 140 | 175 | 219 | 274 | 342 | 427 | |||
| add depreciation | 7 | 6 | 6 | 15 | 18 | 23 | 29 | 36 | 45 |
| less capex | (9) | (7) | (7) | (16) | (20) | (25) | (32) | (42) | (54) |
| less working-capital build | — | (162) | (203) | (254) | (317) | (396) | |||
| Free cash flow to firm | 56 | 100 | (20) | — | 11 | 14 | 16 | 19 | 22 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 11 | 12 | 12 | 13 | 14 |
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 32, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 190 | 237 | 296 | 370 | 463 | 578 |
| Interest at 16.1% on debt | (5) | (5) | (5) | (5) | (5) | |
| Profit before tax | 232 | 291 | 365 | 457 | 573 | |
| Profit after tax | 0 | 171 | 215 | 270 | 338 | 424 |
| Dividends | (42) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 263 | 271 | 280 | 292 | 307 | 325 |
| Working capital | 650 | 812 | 1,015 | 1,269 | 1,586 | 1,983 |
| Net block and other assets | 450 | 451 | 453 | 457 | 463 | 472 |
| Debt | 32 | 32 | 32 | 32 | 32 | 32 |
| Equity | 1,111 | 1,282 | 1,497 | 1,767 | 2,105 | 2,529 |
| Balance check | 0 | (0) | (0) | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 27 | 35 | 45 | 57 | 72 | |
| Investing (capex) | (20) | (25) | (32) | (42) | (54) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 8 | 10 | 12 | 15 | 18 | |
| Free cash flow to equity | 8 | 10 | 12 | 15 | 18 | |
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 | 25% | 20.9% | 11.00% | 5% | ₹46 | (85.9)% |
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.