Models
INDIAN RENEWABLE ENERGYIREDAFinance
₹42per 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₹42implied P/B 0.86× on FY26 book
Against CMP ₹99.70−57.9%close of 27 Oct 2026
Cost of equity14.66%risk-free + beta × equity risk premium
Book equity, FY26₹49per share · excess returns add ₹(7)
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 | 13,785 | 15,660 | 17,789 | 20,209 | 22,957 |
| Net income at 13.6% ROE | 1,875 | 2,130 | 2,419 | 2,748 | 3,122 |
| Cost of equity charge at 14.66% | (2,020) | (2,295) | (2,607) | (2,962) | (3,365) |
| Excess return | (146) | (165) | (188) | (213) | (242) |
| Present value | (136) | (135) | (133) | (132) | (131) |
| Closing book equity | 15,660 | 17,789 | 20,209 | 22,957 | 26,079 |
| Book equity today | 13,785 |
| PV of 5 years of excess return | (667) |
| PV of the terminal excess return, 5% flat | (1,331) |
| add non-operating investments | 0 |
| Equity value | 11,787 |
| ÷ 280.92 crore shares | ₹42 |
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
₹99₹157
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 13.6% | — | 14.66% | 5% | ₹42 | (57.9)% |
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.