Models
GUJARAT FLUOROCHEM LTDFLUOROCHEMChemicals & Petrochemicals
₹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 6.6× · EV/EBITDA 4.7×
Against CMP ₹4,774.00−92.4%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3198%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
₹209₹678
52-week rangetraded range, a fact not a value
₹2,917₹4,959
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 133 |
| PV of terminal value | 5,865 |
| Enterprise value | 5,998 |
| less net debt | (1,984) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,014 |
| ÷ 11.00 crore shares | ₹365 |
98% 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% | 386 | 439 | 503 | 581 | 678 |
| 10.50% | 331 | 375 | 428 | 490 | 567 |
| 11.00% | 284 | 322 | 365 | 416 | 478 |
| 11.50% | 244 | 276 | 312 | 355 | 405 |
| 12.00% | 209 | 236 | 267 | 303 | 345 |
The outlined cell is your model. Green figures sit above the CMP of ₹4,774.00; 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 | 196 · 361 · 538 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.86 |
| Rank correlation with discount rate | −0.46 |
| Rank correlation with revenue growth | −0.11 |
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 | 5,685 | 4,281 | 4,737 | 4,996 | 5,271 | 5,561 | 5,867 | 6,189 | 6,530 |
| growth % | 43.8 | (24.7) | 10.7 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 |
| EBITDA | 2,047 | 955 | 1,157 | 1,271 | 1,339 | 1,412 | 1,490 | 1,572 | 1,659 |
| margin % | 36.0 | 22.3 | 24.4 | 25.4 | 25.4 | 25.4 | 25.4 | 25.4 | 25.4 |
| less depreciation | (236) | (286) | (355) | (367) | (385) | (406) | (428) | (452) | (477) |
| EBIT | 1,811 | 669 | 802 | 904 | 954 | 1,006 | 1,062 | 1,120 | 1,182 |
| less tax on EBIT | (260) | (275) | (290) | (306) | (323) | (340) | |||
| NOPAT | 644 | 679 | 717 | 756 | 798 | 841 | |||
| add depreciation | 236 | 286 | 355 | 367 | 385 | 406 | 428 | 452 | 477 |
| less capex | (675) | (956) | (819) | (1,206) | (1,270) | (1,127) | (964) | (780) | (572) |
| less working-capital build | — | (146) | (155) | (163) | (172) | (181) | |||
| Free cash flow to firm | 64 | (329) | (274) | — | (353) | (159) | 57 | 298 | 565 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (335) | (136) | 44 | 207 | 353 |
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 2,199, dividends at 5.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 904 | 954 | 1,006 | 1,062 | 1,120 | 1,182 |
| Interest at 6.6% on debt | (145) | (145) | (145) | (145) | (145) | |
| Profit before tax | 809 | 861 | 917 | 975 | 1,037 | |
| Profit after tax | 578 | 576 | 613 | 653 | 694 | 738 |
| Dividends | (33) | (33) | (35) | (37) | (40) | (42) |
| Balance sheet, year end | ||||||
| Cash | 215 | (274) | (571) | (654) | (499) | (80) |
| Working capital | 2,664 | 2,810 | 2,965 | 3,128 | 3,300 | 3,481 |
| Net block and other assets | 9,004 | 9,890 | 10,611 | 11,146 | 11,474 | 11,569 |
| Debt | 2,199 | 2,199 | 2,199 | 2,199 | 2,199 | 2,199 |
| Equity | 7,913 | 8,456 | 9,034 | 9,650 | 10,305 | 11,001 |
| Balance check | 0 | 0 | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 814 | 865 | 918 | 974 | 1,033 | |
| Investing (capex) | (1,270) | (1,127) | (964) | (780) | (572) | |
| Financing (dividends) | (33) | (35) | (37) | (40) | (42) | |
| Net change in cash | (489) | (297) | (83) | 155 | 419 | |
| Free cash flow to equity | (456) | (262) | (46) | 195 | 461 | |
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 | 5.5% | 25.4% | 11.00% | 5% | ₹365 | (92.4)% |
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.