Models
IVALUE INFOSOLUTIONS LTDIVALUEIT - Hardware
₹281per 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₹281implied FY26 P/E 14.8× · EV/EBITDA 11.3×
Against CMP ₹225.50+24.6%close of 2026-09-10
Growth the CMP implies(6.2)%revenue, a year for 5 years, on your other inputs
Value after FY3175%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
₹222₹399
52-week rangetraded range, a fact not a value
₹207₹340
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 370 |
| PV of terminal value | 1,092 |
| Enterprise value | 1,462 |
| less net debt | 73 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 1,535 |
| ÷ 5.47 crore shares | ₹281 |
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% | 290 | 310 | 333 | 363 | 399 |
| 10.50% | 269 | 285 | 305 | 328 | 357 |
| 11.00% | 251 | 265 | 281 | 300 | 323 |
| 11.50% | 235 | 247 | 261 | 277 | 296 |
| 12.00% | 222 | 232 | 243 | 257 | 273 |
The outlined cell is your model. Green figures sit above the CMP of ₹225.50; 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 | 236 · 278 · 333 |
| Draws below the CMP | 5% |
| Rank correlation with ebitda margin | +0.72 |
| Rank correlation with discount rate | −0.64 |
| Rank correlation with revenue growth | +0.12 |
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 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 1,056 | 1,140 | 1,231 | 1,330 | 1,436 | 1,551 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 129 | 139 | 150 | 162 | 175 | 189 |
| margin % | 12.2 | 12.2 | 12.2 | 12.2 | 12.2 | 12.2 |
| less depreciation | (7) | (8) | (9) | (9) | (10) | (11) |
| EBIT | 122 | 131 | 142 | 153 | 165 | 178 |
| less tax on EBIT | (31) | (33) | (35) | (38) | (41) | (45) |
| NOPAT | 92 | 98 | 106 | 115 | 124 | 134 |
| add depreciation | 7 | 8 | 9 | 9 | 10 | 11 |
| less capex | (0) | 0 | (3) | (6) | (9) | (13) |
| less working-capital build | — | (19) | (21) | (23) | (24) | (26) |
| Free cash flow to firm | — | 87 | 91 | 96 | 100 | 105 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | 82 | 78 | 74 | 70 | 66 |
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 46, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 122 | 131 | 142 | 153 | 165 | 178 |
| Interest at 8% on debt | (4) | (4) | (4) | (4) | (4) | |
| Profit before tax | 127 | 138 | 149 | 161 | 175 | |
| Profit after tax | 98 | 96 | 103 | 112 | 121 | 131 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 120 | 204 | 292 | 385 | 483 | 585 |
| Working capital | 242 | 262 | 283 | 305 | 330 | 356 |
| Net block and other assets | 1,079 | 1,071 | 1,065 | 1,061 | 1,060 | 1,062 |
| Debt | 46 | 46 | 46 | 46 | 46 | 46 |
| Equity | 567 | 663 | 766 | 878 | 999 | 1,130 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 84 | 91 | 99 | 107 | 115 | |
| Investing (capex) | 0 | (3) | (6) | (9) | (13) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 84 | 88 | 93 | 98 | 102 | |
| Free cash flow to equity | 84 | 88 | 93 | 98 | 102 | |
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 | 8% | 12.2% | 11.00% | 5% | ₹281 | 24.6% |
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.