Models
HINDUSTHAN UDYOG LTD.BSE 513039Industrial Manufacturing
₹520per 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₹520implied P/B 0.42× on FY26 book
Against CMP ₹3.31+15612.9%close of 18 Oct 2024
Cost of equity12.39%risk-free + beta × equity risk premium
Book equity, FY26₹1,253per share · excess returns add ₹(733)
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 | 776 | 843 | 915 | 994 | 1,079 |
| Net income at 8.6% ROE | 67 | 72 | 79 | 85 | 93 |
| Cost of equity charge at 12.39% | (96) | (104) | (113) | (123) | (134) |
| Excess return | (29) | (32) | (35) | (38) | (41) |
| Present value | (28) | (27) | (26) | (25) | (24) |
| Closing book equity | 843 | 915 | 994 | 1,079 | 1,172 |
| Book equity today | 776 |
| PV of 5 years of excess return | (130) |
| PV of the terminal excess return, 5% flat | (324) |
| add non-operating investments | 0 |
| Equity value | 322 |
| ÷ 0.62 crore shares | ₹520 |
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.
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 8.6% | — | 12.39% | 5% | ₹520 | 15612.9% |
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.