Models
INSPIRISYS SOLUTIONS LTDINSPIRISYS
₹226per 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₹226implied FY26 P/E 23.0× · EV/EBITDA 26.3×
Against CMP ₹85.98+162.6%close of 8 Oct 2026
Growth the CMP implies(6.0)%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
₹169₹339
52-week rangetraded range, a fact not a value
₹70₹134
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 207 |
| PV of terminal value | 759 |
| Enterprise value | 966 |
| less net debt | (71) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 895 |
| ÷ 3.96 crore shares | ₹226 |
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% | 234 | 253 | 276 | 304 | 339 |
| 10.50% | 214 | 230 | 249 | 271 | 299 |
| 11.00% | 197 | 210 | 226 | 244 | 266 |
| 11.50% | 182 | 193 | 207 | 222 | 240 |
| 12.00% | 169 | 179 | 190 | 203 | 218 |
The outlined cell is your model. Green figures sit above the CMP of ₹85.98; 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 | 172 · 223 · 291 |
| Draws below the CMP | 0% |
| Rank correlation with ebitda margin | +0.59 |
| Rank correlation with revenue growth | +0.59 |
| Rank correlation with discount rate | −0.49 |
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 | 390 | 490 | 388 | 476 | 583 | 714 | 875 | 1,072 | 1,313 |
| growth % | 14.3 | 25.7 | (20.9) | 22.6 | 22.5 | 22.5 | 22.5 | 22.5 | 22.5 |
| EBITDA | 13 | 32 | 28 | 37 | 45 | 55 | 67 | 83 | 101 |
| margin % | 3.4 | 6.5 | 7.2 | 7.7 | 7.7 | 7.7 | 7.7 | 7.7 | 7.7 |
| less depreciation | (6) | (5) | (5) | (5) | (6) | (8) | (10) | (12) | (14) |
| EBIT | 7 | 27 | 22 | 31 | 38 | 47 | 58 | 71 | 87 |
| less tax on EBIT | 4 | 5 | 6 | 7 | 8 | 10 | |||
| NOPAT | 35 | 43 | 53 | 65 | 79 | 97 | |||
| add depreciation | 6 | 5 | 5 | 5 | 6 | 8 | 10 | 12 | 14 |
| less capex | (3) | (4) | (3) | (1) | (1) | (3) | (7) | (11) | (17) |
| less working-capital build | — | (9) | (11) | (14) | (17) | (21) | |||
| Free cash flow to firm | 16 | (31) | 36 | — | 39 | 46 | 54 | 63 | 73 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 37 | 39 | 41 | 43 | 46 |
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 79, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 31 | 38 | 47 | 58 | 71 | 87 |
| Interest at 9.7% on debt | (8) | (8) | (8) | (8) | (8) | |
| Profit before tax | 31 | 39 | 50 | 63 | 79 | |
| Profit after tax | 41 | 34 | 44 | 56 | 71 | 88 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 8 | 39 | 76 | 121 | 175 | 240 |
| Working capital | 41 | 51 | 62 | 76 | 93 | 114 |
| Net block and other assets | 310 | 304 | 300 | 297 | 296 | 299 |
| Debt | 79 | 79 | 79 | 79 | 79 | 79 |
| Equity | 100 | 135 | 179 | 235 | 305 | 394 |
| Balance check | 0 | 0 | (0) | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 32 | 41 | 52 | 65 | 82 | |
| Investing (capex) | (1) | (3) | (7) | (11) | (17) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 30 | 37 | 45 | 54 | 65 | |
| Free cash flow to equity | 30 | 37 | 45 | 54 | 65 | |
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 | 22.5% | 7.7% | 11.00% | 5% | ₹226 | 162.6% |
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.