Models
IIFL FINANCE LIMITEDIIFLFinance
₹190per 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₹190implied P/B 0.52× on FY26 book
Against CMP ₹601.00−68.4%close of 2026-09-10
Cost of equity16.05%risk-free + beta × equity risk premium
Book equity, FY26₹367per share · excess returns add ₹(177)
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 | 15,619 | 17,213 | 18,971 | 20,907 | 23,041 |
| Net income at 11.6% ROE | 1,812 | 1,997 | 2,201 | 2,425 | 2,673 |
| Cost of equity charge at 16.05% | (2,506) | (2,762) | (3,044) | (3,355) | (3,697) |
| Excess return | (694) | (765) | (843) | (929) | (1,024) |
| Present value | (644) | (612) | (581) | (552) | (524) |
| Closing book equity | 17,213 | 18,971 | 20,907 | 23,041 | 25,393 |
| Book equity today | 15,619 |
| PV of 5 years of excess return | (2,914) |
| PV of the terminal excess return, 5% flat | (4,627) |
| add non-operating investments | 0 |
| Equity value | 8,078 |
| ÷ 42.53 crore shares | ₹190 |
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
₹409₹705
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 11.6% | — | 16.05% | 5% | ₹190 | (68.4)% |
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.