Models
HAWKINS COOKERS LTDHAWKINCOOKConsumer Durables
₹4,614per 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₹4,614implied FY26 P/E 18.6× · EV/EBITDA 13.6×
Against CMP ₹8,388.00−45.0%close of 2026-09-10
Growth the CMP implies34.7%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
₹3,526₹6,786
52-week rangetraded range, a fact not a value
₹7,109₹9,600
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 510 |
| PV of terminal value | 1,945 |
| Enterprise value | 2,455 |
| less net debt | (14) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,441 |
| ÷ 0.53 crore shares | ₹4,614 |
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% | 4,771 | 5,137 | 5,577 | 6,115 | 6,786 |
| 10.50% | 4,387 | 4,692 | 5,052 | 5,483 | 6,011 |
| 11.00% | 4,059 | 4,315 | 4,614 | 4,967 | 5,391 |
| 11.50% | 3,775 | 3,993 | 4,244 | 4,538 | 4,885 |
| 12.00% | 3,526 | 3,714 | 3,928 | 4,175 | 4,464 |
The outlined cell is your model. Green figures sit above the CMP of ₹8,388.00; 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 | 3,742 · 4,584 · 5,619 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.62 |
| Rank correlation with discount rate | −0.61 |
| Rank correlation with revenue growth | +0.42 |
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 | 1,006 | 1,024 | 1,116 | 1,253 | 1,410 | 1,586 | 1,784 | 2,007 | 2,258 |
| growth % | 5.0 | 1.8 | 8.9 | 12.3 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 |
| EBITDA | 135 | 150 | 155 | 181 | 203 | 228 | 257 | 289 | 325 |
| margin % | 13.5 | 14.7 | 13.8 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 |
| less depreciation | (8) | (9) | (10) | (14) | (16) | (17) | (20) | (22) | (25) |
| EBIT | 128 | 142 | 144 | 167 | 187 | 211 | 237 | 267 | 300 |
| less tax on EBIT | (43) | (48) | (54) | (61) | (69) | (77) | |||
| NOPAT | 124 | 139 | 157 | 176 | 198 | 223 | |||
| add depreciation | 8 | 9 | 10 | 14 | 16 | 17 | 20 | 22 | 25 |
| less capex | (20) | (26) | (33) | (39) | (44) | (42) | (39) | (35) | (30) |
| less working-capital build | — | (19) | (22) | (24) | (27) | (31) | |||
| Free cash flow to firm | 72 | 149 | 69 | — | 92 | 110 | 132 | 158 | 187 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 87 | 94 | 102 | 109 | 117 |
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 29, dividends at 52.4% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 167 | 187 | 211 | 237 | 267 | 300 |
| Interest at 13.4% on debt | (4) | (4) | (4) | (4) | (4) | |
| Profit before tax | 184 | 207 | 233 | 263 | 296 | |
| Profit after tax | 131 | 136 | 154 | 173 | 195 | 220 |
| Dividends | (69) | (71) | (81) | (91) | (102) | (115) |
| Balance sheet, year end | ||||||
| Cash | 16 | 33 | 60 | 98 | 151 | 220 |
| Working capital | 154 | 173 | 195 | 219 | 247 | 278 |
| Net block and other assets | 518 | 547 | 571 | 591 | 604 | 609 |
| Debt | 29 | 29 | 29 | 29 | 29 | 29 |
| Equity | 445 | 510 | 583 | 666 | 759 | 864 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 133 | 150 | 169 | 190 | 214 | |
| Investing (capex) | (44) | (42) | (39) | (35) | (30) | |
| Financing (dividends) | (71) | (81) | (91) | (102) | (115) | |
| Net change in cash | 17 | 27 | 38 | 52 | 69 | |
| Free cash flow to equity | 89 | 107 | 129 | 155 | 184 | |
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 | 12.5% | 14.4% | 11.00% | 5% | ₹4,614 | (45.0)% |
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.