Models
JEENA SIKHO LIFECARE LTDJSLLLeisure Services
₹346per 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₹346implied FY26 P/E 18.2× · EV/EBITDA 12.3×
Against CMP ₹512.00−32.5%close of 2026-09-10
Growth the CMP implies18.5%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
₹269₹498
52-week rangetraded range, a fact not a value
₹492₹850
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 1,079 |
| PV of terminal value | 3,203 |
| Enterprise value | 4,282 |
| less net debt | 16 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,298 |
| ÷ 12.43 crore shares | ₹346 |
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% | 357 | 383 | 413 | 451 | 498 |
| 10.50% | 330 | 351 | 377 | 407 | 444 |
| 11.00% | 307 | 325 | 346 | 371 | 400 |
| 11.50% | 287 | 302 | 320 | 340 | 365 |
| 12.00% | 269 | 282 | 297 | 315 | 335 |
The outlined cell is your model. Green figures sit above the CMP of ₹512.00; 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 | 286 · 344 · 415 |
| Draws below the CMP | 100% |
| Rank correlation with discount rate | −0.63 |
| Rank correlation with ebitda margin | +0.63 |
| Rank correlation with revenue growth | +0.39 |
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 | 801 | 865 | 935 | 1,009 | 1,090 | 1,177 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 349 | 377 | 408 | 440 | 475 | 513 |
| margin % | 43.6 | 43.6 | 43.6 | 43.6 | 43.6 | 43.6 |
| less depreciation | (48) | (52) | (56) | (61) | (65) | (71) |
| EBIT | 302 | 325 | 351 | 380 | 410 | 443 |
| less tax on EBIT | (77) | (83) | (90) | (97) | (105) | (113) |
| NOPAT | 225 | 242 | 262 | 283 | 305 | 330 |
| add depreciation | 48 | 52 | 56 | 61 | 65 | 71 |
| less capex | (34) | (36) | (46) | (58) | (70) | (85) |
| less working-capital build | — | (5) | (6) | (6) | (7) | (7) |
| Free cash flow to firm | — | 253 | 266 | 280 | 294 | 308 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | 240 | 227 | 215 | 204 | 193 |
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 0, dividends at 6.2% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 302 | 325 | 351 | 380 | 410 | 443 |
| Interest at 8% on debt | (0) | (0) | (0) | (0) | (0) | |
| Profit before tax | 325 | 351 | 380 | 410 | 443 | |
| Profit after tax | 222 | 242 | 262 | 283 | 305 | 330 |
| Dividends | (14) | (15) | (16) | (18) | (19) | (20) |
| Balance sheet, year end | ||||||
| Cash | 16 | 254 | 504 | 765 | 1,040 | 1,328 |
| Working capital | 67 | 72 | 78 | 84 | 91 | 99 |
| Net block and other assets | 591 | 575 | 566 | 562 | 567 | 582 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 467 | 694 | 940 | 1,205 | 1,492 | 1,801 |
| Balance check | 0 | (0) | (0) | (0) | 0 | (0) |
| Cash flow | ||||||
| From operations | 289 | 312 | 337 | 364 | 393 | |
| Investing (capex) | (36) | (46) | (58) | (70) | (85) | |
| Financing (dividends) | (15) | (16) | (18) | (19) | (20) | |
| Net change in cash | 238 | 250 | 262 | 275 | 288 | |
| Free cash flow to equity | 253 | 266 | 279 | 294 | 308 | |
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% | 43.6% | 11.00% | 5% | ₹346 | (32.5)% |
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.