₹36,860per 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₹36,860implied P/B 24.14× on FY26 book
Against CMP ₹991.00+3619.5%close of 2026-09-10
Cost of equity12.10%risk-free + beta × equity risk premium
Book equity, FY26₹1,527per share · excess returns add ₹35,333
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 | 1,605 | 2,462 | 3,777 | 5,794 | 8,887 |
| Net income at 53.4% ROE | 857 | 1,315 | 2,017 | 3,094 | 4,746 |
| Cost of equity charge at 12.10% | (194) | (298) | (457) | (701) | (1,075) |
| Excess return | 663 | 1,017 | 1,560 | 2,393 | 3,671 |
| Present value | 626 | 857 | 1,172 | 1,604 | 2,196 |
| Closing book equity | 2,462 | 3,777 | 5,794 | 8,887 | 13,633 |
| Book equity today | 1,605 |
| PV of 5 years of excess return | 6,456 |
| PV of the terminal excess return, 5% flat | 30,679 |
| add non-operating investments | 0 |
| Equity value | 38,740 |
| ÷ 1.05 crore shares | ₹36,860 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹852₹1,488
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 53.4% | — | 12.10% | 5% | ₹36,860 | 3619.5% |
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.