Models
GOODYEAR INDIA LIMITEDGOODYEARAuto Components
₹365per 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₹365implied FY26 P/E 13.7× · EV/EBITDA 5.1×
Against CMP ₹720.00−49.4%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3160%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
₹317₹460
52-week rangetraded range, a fact not a value
₹711₹876
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 242 |
| PV of terminal value | 368 |
| Enterprise value | 610 |
| less net debt | 231 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 841 |
| ÷ 2.31 crore shares | ₹365 |
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% | 372 | 388 | 407 | 431 | 460 |
| 10.50% | 355 | 368 | 384 | 403 | 426 |
| 11.00% | 341 | 352 | 365 | 380 | 398 |
| 11.50% | 328 | 337 | 348 | 361 | 376 |
| 12.00% | 317 | 325 | 334 | 345 | 357 |
The outlined cell is your model. Green figures sit above the CMP of ₹720.00; 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 | 317 · 365 · 419 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.85 |
| Rank correlation with discount rate | −0.51 |
| Rank correlation with revenue growth | −0.02 |
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 | 2,928 | 2,552 | 2,608 | 2,476 | 2,352 | 2,234 | 2,123 | 2,017 | 1,916 |
| growth % | 20.2 | (12.8) | 2.2 | (5.1) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | 207 | 171 | 117 | 119 | 113 | 107 | 102 | 97 | 92 |
| margin % | 7.1 | 6.7 | 4.5 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 |
| less depreciation | (54) | (55) | (55) | (49) | (47) | (45) | (42) | (40) | (38) |
| EBIT | 153 | 115 | 62 | 70 | 66 | 63 | 59 | 56 | 54 |
| less tax on EBIT | (18) | (17) | (16) | (15) | (15) | (14) | |||
| NOPAT | 52 | 49 | 46 | 44 | 42 | 40 | |||
| add depreciation | 54 | 55 | 55 | 49 | 47 | 45 | 42 | 40 | 38 |
| less capex | (111) | (55) | (24) | (14) | (14) | (23) | (32) | (39) | (46) |
| less working-capital build | — | 4 | 4 | 4 | 4 | 3 | |||
| Free cash flow to firm | 1 | 80 | 107 | — | 86 | 72 | 58 | 46 | 35 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 82 | 61 | 45 | 32 | 22 |
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 89.6% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 70 | 66 | 63 | 59 | 56 | 54 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 66 | 63 | 59 | 56 | 54 | |
| Profit after tax | 62 | 49 | 46 | 44 | 42 | 40 |
| Dividends | (55) | (44) | (41) | (39) | (37) | (36) |
| Balance sheet, year end | ||||||
| Cash | 231 | 274 | 304 | 323 | 332 | 331 |
| Working capital | 83 | 79 | 75 | 71 | 68 | 64 |
| Net block and other assets | 939 | 906 | 885 | 874 | 873 | 881 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 606 | 611 | 616 | 621 | 625 | 629 |
| Balance check | 0 | 0 | (0) | 0 | (0) | 0 |
| Cash flow | ||||||
| From operations | 100 | 95 | 90 | 86 | 81 | |
| Investing (capex) | (14) | (23) | (32) | (39) | (46) | |
| Financing (dividends) | (44) | (41) | (39) | (37) | (36) | |
| Net change in cash | 42 | 30 | 19 | 9 | (0) | |
| Free cash flow to equity | 86 | 72 | 58 | 46 | 35 | |
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% | 4.8% | 11.00% | 5% | ₹365 | (49.4)% |
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.