₹-3,34,42,37,246per share · Base Model Note
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₹(3,34,42,37,246)implied P/B (422640276982.42)× on FY26 book
Against CMP ₹0.43−777729592246.9%close of 9 Oct 2026
Cost of equity10.34%risk-free + beta × equity risk premium
Book equity, FY26₹0per share · excess returns add ₹(3,34,42,37,246)
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 | 0 | (55) | 7,027 | (8,92,826) | 11,34,46,904 |
| Net income at -12806.5% ROE | (56) | 7,082 | (8,99,852) | 11,43,39,730 | (14,52,85,77,812) |
| Cost of equity charge at 10.34% | (0) | 6 | (727) | 92,347 | (1,17,34,040) |
| Excess return | (56) | 7,088 | (9,00,579) | 11,44,32,077 | (14,54,03,11,852) |
| Present value | (53) | 6,115 | (7,04,138) | 8,10,84,580 | (9,33,72,42,448) |
| Closing book equity | (55) | 7,027 | (8,92,826) | 11,34,46,904 | (14,41,51,30,907) |
| Book equity today | 0 |
| PV of 5 years of excess return | (9,25,68,55,945) |
| PV of the terminal excess return, 5% flat | (1,74,67,61,92,598) |
| add non-operating investments | 0 |
| Equity value | (1,83,93,30,48,543) |
| ÷ 55.00 crore shares | ₹(3,34,42,37,246) |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹0₹1
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE -12806.5% | — | 10.34% | 5% | ₹(3,34,42,37,246) | (777729592246.9)% |
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.