Models
JYOTHY LABS LIMITEDJYOTHYLABHousehold Products
₹143per 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₹143implied FY25 P/E 14.2× · EV/EBITDA 10.5×
Against CMP ₹195.10−26.5%close of 2026-09-10
Growth the CMP implies13.1%revenue, a year for 5 years, on your other inputs
Value after FY3074%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
₹112₹205
52-week rangetraded range, a fact not a value
₹188₹328
From enterprise to equity · ₹ crore
| PV of FY26–FY30 free cash flow | 1,358 |
| PV of terminal value | 3,828 |
| Enterprise value | 5,186 |
| less net debt | 77 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 5,263 |
| ÷ 36.72 crore shares | ₹143 |
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% | 148 | 158 | 171 | 186 | 205 |
| 10.50% | 137 | 146 | 156 | 168 | 183 |
| 11.00% | 128 | 135 | 143 | 153 | 165 |
| 11.50% | 119 | 126 | 133 | 141 | 151 |
| 12.00% | 112 | 118 | 124 | 131 | 139 |
The outlined cell is your model. Green figures sit above the CMP of ₹195.10; 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 | 121 · 142 · 170 |
| Draws below the CMP | 99% |
| Rank correlation with ebitda margin | +0.68 |
| Rank correlation with discount rate | −0.68 |
| Rank correlation with revenue growth | +0.15 |
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 | FY22 | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,196 | 2,486 | 2,757 | 2,847 | 2,947 | 3,050 | 3,156 | 3,267 | 3,381 |
| growth % | 15.1 | 13.2 | 10.9 | 3.3 | 3.5 | 3.5 | 3.5 | 3.5 | 3.5 |
| EBITDA | 248 | 323 | 480 | 495 | 513 | 531 | 549 | 568 | 588 |
| margin % | 11.3 | 13.0 | 17.4 | 17.4 | 17.4 | 17.4 | 17.4 | 17.4 | 17.4 |
| less depreciation | (58) | (50) | (50) | (56) | (59) | (61) | (63) | (65) | (68) |
| EBIT | 190 | 273 | 430 | 439 | 454 | 470 | 486 | 503 | 521 |
| less tax on EBIT | (106) | (110) | (114) | (118) | (122) | (126) | |||
| NOPAT | 333 | 344 | 356 | 368 | 381 | 395 | |||
| add depreciation | 58 | 50 | 50 | 56 | 59 | 61 | 63 | 65 | 68 |
| less capex | (26) | (35) | (37) | (58) | (59) | (64) | (69) | (75) | (81) |
| less working-capital build | — | (11) | (11) | (12) | (12) | (13) | |||
| Free cash flow to firm | 176 | 293 | 421 | — | 333 | 342 | 350 | 359 | 369 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 316 | 292 | 270 | 249 | 230 |
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 34.9% of profit
| ₹ crore | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 439 | 454 | 470 | 486 | 503 | 521 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 454 | 470 | 486 | 503 | 521 | |
| Profit after tax | 368 | 344 | 356 | 368 | 381 | 395 |
| Dividends | (129) | (120) | (124) | (129) | (133) | (138) |
| Balance sheet, year end | ||||||
| Cash | 77 | 290 | 508 | 729 | 956 | 1,186 |
| Working capital | 312 | 323 | 334 | 346 | 358 | 371 |
| Net block and other assets | 2,302 | 2,302 | 2,305 | 2,311 | 2,321 | 2,334 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 2,050 | 2,273 | 2,505 | 2,745 | 2,993 | 3,250 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 392 | 406 | 420 | 435 | 450 | |
| Investing (capex) | (59) | (64) | (69) | (75) | (81) | |
| Financing (dividends) | (120) | (124) | (129) | (133) | (138) | |
| Net change in cash | 213 | 217 | 222 | 226 | 231 | |
| Free cash flow to equity | 333 | 342 | 350 | 359 | 369 | |
Other liabilities are held at their FY25 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 | 3.5% | 17.4% | 11.00% | 5% | ₹143 | (26.5)% |
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.