Models
HEXA TRADEX LIMITEDHEXATRADEXFinance
₹-786per share · Base Model Note
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₹(786)implied P/B (0.94)× on FY26 book
Against CMP ₹149.89−624.7%close of 28 Oct 2026
Cost of equity8.95%risk-free + beta × equity risk premium
Book equity, FY26₹836per share · excess returns add ₹(1,622)
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 4,616 | 4,607 | 4,598 | 4,588 | 4,579 |
| Net income at -0.2% ROE | (9) | (9) | (9) | (9) | (9) |
| Cost of equity charge at 8.95% | (413) | (413) | (412) | (411) | (410) |
| Excess return | (423) | (422) | (421) | (420) | (419) |
| Present value | (405) | (371) | (340) | (311) | (285) |
| Closing book equity | 4,607 | 4,598 | 4,588 | 4,579 | 4,570 |
| Book equity today | 4,616 |
| PV of 5 years of excess return | (1,711) |
| PV of the terminal excess return, 5% flat | (7,250) |
| add non-operating investments | 0 |
| Equity value | (4,345) |
| ÷ 5.52 crore shares | ₹(786) |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹138₹181
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE -0.2% | — | 8.95% | 5% | ₹(786) | (624.7)% |
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.