Models
JINDAL DRILLING IND. LTDJINDRILLOil
₹944per 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₹944implied FY26 P/E 14.3× · EV/EBITDA 8.2×
Against CMP ₹637.70+48.1%close of 2026-09-10
Growth the CMP implies0.6%revenue, a year for 5 years, on your other inputs
Value after FY3168%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
₹745₹1,339
52-week rangetraded range, a fact not a value
₹440₹704
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 900 |
| PV of terminal value | 1,929 |
| Enterprise value | 2,829 |
| less net debt | (93) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,736 |
| ÷ 2.90 crore shares | ₹944 |
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% | 975 | 1,041 | 1,121 | 1,218 | 1,339 |
| 10.50% | 904 | 959 | 1,024 | 1,103 | 1,198 |
| 11.00% | 844 | 890 | 944 | 1,008 | 1,085 |
| 11.50% | 791 | 831 | 876 | 930 | 992 |
| 12.00% | 745 | 779 | 818 | 863 | 915 |
The outlined cell is your model. Green figures sit above the CMP of ₹637.70; 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 | 627 · 929 · 1,273 |
| Draws below the CMP | 11% |
| Rank correlation with ebitda margin | +0.91 |
| Rank correlation with discount rate | −0.30 |
| Rank correlation with revenue growth | +0.20 |
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 | 512 | 617 | 828 | 997 | 1,201 | 1,447 | 1,744 | 2,101 | 2,532 |
| growth % | 22.0 | 20.5 | 34.2 | 20.4 | 20.5 | 20.5 | 20.5 | 20.5 | 20.5 |
| EBITDA | 175 | 199 | 237 | 345 | 415 | 501 | 603 | 727 | 876 |
| margin % | 34.2 | 32.3 | 28.7 | 34.6 | 34.6 | 34.6 | 34.6 | 34.6 | 34.6 |
| less depreciation | (63) | (64) | (89) | (151) | (181) | (219) | (263) | (317) | (382) |
| EBIT | 112 | 135 | 148 | 195 | 234 | 282 | 340 | 410 | 494 |
| less tax on EBIT | (50) | (60) | (72) | (87) | (105) | (126) | |||
| NOPAT | 145 | 174 | 210 | 253 | 305 | 367 | |||
| add depreciation | 63 | 64 | 89 | 151 | 181 | 219 | 263 | 317 | 382 |
| less capex | (15) | (14) | (835) | (51) | (61) | (121) | (202) | (312) | (459) |
| less working-capital build | — | (50) | (60) | (72) | (87) | (105) | |||
| Free cash flow to firm | 49 | (58) | 30 | — | 244 | 247 | 241 | 223 | 186 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 232 | 212 | 186 | 154 | 116 |
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 93, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 195 | 234 | 282 | 340 | 410 | 494 |
| Interest at 6.5% on debt | (6) | (6) | (6) | (6) | (6) | |
| Profit before tax | 228 | 276 | 334 | 404 | 488 | |
| Profit after tax | 0 | 170 | 205 | 248 | 300 | 363 |
| Dividends | (3) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 0 | 240 | 483 | 720 | 938 | 1,119 |
| Working capital | 243 | 293 | 353 | 426 | 513 | 618 |
| Net block and other assets | 2,314 | 2,194 | 2,096 | 2,035 | 2,030 | 2,107 |
| Debt | 93 | 93 | 93 | 93 | 93 | 93 |
| Equity | 1,820 | 1,990 | 2,195 | 2,444 | 2,744 | 3,107 |
| Balance check | 0 | (0) | (0) | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 301 | 364 | 439 | 530 | 640 | |
| Investing (capex) | (61) | (121) | (202) | (312) | (459) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 240 | 243 | 237 | 218 | 181 | |
| Free cash flow to equity | 240 | 243 | 237 | 218 | 181 | |
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 | 20.5% | 34.6% | 11.00% | 5% | ₹944 | 48.1% |
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.