Models
JUPITER LIFE LINE HOSP LJLHLHealthcare Services
₹568per 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₹568implied FY26 P/E 19.9× · EV/EBITDA 12.2×
Against CMP ₹279.20+103.5%close of 2026-09-10
Growth the CMP implies6.2%revenue, a year for 5 years, on your other inputs
Value after FY31102%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
₹378₹950
52-week rangetraded range, a fact not a value
₹279₹340
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (86) |
| PV of terminal value | 4,265 |
| Enterprise value | 4,179 |
| less net debt | (454) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 3,725 |
| ÷ 6.56 crore shares | ₹568 |
102% of the value sits after FY31. Usual when return on capital sits near the cost of capital; the 5 explicit years carry little of it.
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% | 593 | 658 | 736 | 831 | 950 |
| 10.50% | 527 | 581 | 644 | 721 | 814 |
| 11.00% | 470 | 515 | 568 | 631 | 706 |
| 11.50% | 421 | 460 | 504 | 556 | 617 |
| 12.00% | 378 | 411 | 449 | 493 | 544 |
The outlined cell is your model. Green figures sit above the CMP of ₹279.20; 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 | 387 · 563 · 792 |
| Draws below the CMP | 1% |
| Rank correlation with revenue growth | +0.62 |
| Rank correlation with ebitda margin | +0.57 |
| Rank correlation with discount rate | −0.48 |
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 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,070 | 1,262 | 1,500 | 1,785 | 2,124 | 2,527 | 3,008 | 3,579 |
| growth % | — | 18.0 | 18.9 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 |
| EBITDA | 238 | 297 | 343 | 409 | 486 | 579 | 689 | 820 |
| margin % | 22.3 | 23.5 | 22.9 | 22.9 | 22.9 | 22.9 | 22.9 | 22.9 |
| less depreciation | (42) | (57) | (88) | (104) | (123) | (147) | (174) | (208) |
| EBIT | 196 | 240 | 256 | 305 | 363 | 432 | 514 | 612 |
| less tax on EBIT | (64) | (76) | (91) | (108) | (129) | (153) | ||
| NOPAT | 192 | 229 | 272 | 324 | 386 | 459 | ||
| add depreciation | 42 | 57 | 88 | 104 | 123 | 147 | 174 | 208 |
| less capex | (85) | (321) | (502) | (598) | (571) | (511) | (409) | (249) |
| less working-capital build | — | (3) | (4) | (5) | (6) | (7) | ||
| Free cash flow to firm | 29 | (67) | — | (269) | (179) | (45) | 146 | 411 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |||
| Present value | (255) | (153) | (35) | 101 | 257 |
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 509, dividends at 3.4% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 256 | 305 | 363 | 432 | 514 | 612 |
| Interest at 7.8% on debt | (40) | (40) | (40) | (40) | (40) | |
| Profit before tax | 266 | 324 | 393 | 475 | 572 | |
| Profit after tax | 194 | 199 | 243 | 294 | 356 | 429 |
| Dividends | (7) | (7) | (8) | (10) | (12) | (15) |
| Balance sheet, year end | ||||||
| Cash | 55 | (251) | (468) | (553) | (449) | (83) |
| Working capital | 18 | 22 | 26 | 31 | 37 | 43 |
| Net block and other assets | 2,310 | 2,804 | 3,252 | 3,616 | 3,851 | 3,892 |
| Debt | 509 | 509 | 509 | 509 | 509 | 509 |
| Equity | 1,544 | 1,736 | 1,971 | 2,255 | 2,599 | 3,014 |
| Balance check | 0 | 0 | (0) | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 299 | 362 | 436 | 525 | 630 | |
| Investing (capex) | (598) | (571) | (511) | (409) | (249) | |
| Financing (dividends) | (7) | (8) | (10) | (12) | (15) | |
| Net change in cash | (305) | (217) | (85) | 104 | 366 | |
| Free cash flow to equity | (299) | (209) | (75) | 116 | 381 | |
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 | 19% | 22.9% | 11.00% | 5% | ₹568 | 103.5% |
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.