Models
JYOTI CNC AUTOMATION LTDJYOTICNCIndustrial Manufacturing
₹132per 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₹132implied FY26 P/E 9.3× · EV/EBITDA 7.2×
Against CMP ₹989.00−86.7%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3193%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
₹86₹223
52-week rangetraded range, a fact not a value
₹580₹1,059
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 252 |
| PV of terminal value | 3,536 |
| Enterprise value | 3,787 |
| less net debt | (797) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,990 |
| ÷ 22.74 crore shares | ₹132 |
93% 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% | 138 | 153 | 172 | 195 | 223 |
| 10.50% | 122 | 135 | 150 | 168 | 190 |
| 11.00% | 108 | 119 | 132 | 146 | 164 |
| 11.50% | 96 | 105 | 116 | 128 | 143 |
| 12.00% | 86 | 94 | 103 | 113 | 126 |
The outlined cell is your model. Green figures sit above the CMP of ₹989.00; 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 | 77 · 130 · 184 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.84 |
| Rank correlation with discount rate | −0.43 |
| Rank correlation with revenue growth | −0.28 |
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 | 1,338 | 1,818 | 2,093 | 2,407 | 2,768 | 3,183 | 3,661 | 4,210 |
| growth % | — | 35.8 | 15.2 | 15.0 | 15.0 | 15.0 | 15.0 | 15.0 |
| EBITDA | 301 | 482 | 527 | 607 | 698 | 802 | 923 | 1,061 |
| margin % | 22.5 | 26.5 | 25.2 | 25.2 | 25.2 | 25.2 | 25.2 | 25.2 |
| less depreciation | (33) | (36) | (50) | (58) | (66) | (76) | (88) | (101) |
| EBIT | 268 | 445 | 477 | 549 | 631 | 726 | 835 | 960 |
| less tax on EBIT | (134) | (154) | (177) | (204) | (235) | (270) | ||
| NOPAT | 343 | 395 | 454 | 522 | 600 | 690 | ||
| add depreciation | 33 | 36 | 50 | 58 | 66 | 76 | 88 | 101 |
| less capex | (114) | (310) | (323) | (371) | (340) | (291) | (220) | (121) |
| less working-capital build | — | (188) | (217) | (249) | (287) | (329) | ||
| Free cash flow to firm | (163) | (415) | — | (107) | (36) | 58 | 181 | 340 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |||
| Present value | (101) | (31) | 45 | 126 | 213 |
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 850, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 477 | 549 | 631 | 726 | 835 | 960 |
| Interest at 10.4% on debt | (88) | (88) | (88) | (88) | (88) | |
| Profit before tax | 460 | 543 | 637 | 746 | 872 | |
| Profit after tax | 336 | 331 | 390 | 458 | 537 | 627 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 53 | (117) | (217) | (222) | (104) | 173 |
| Working capital | 1,255 | 1,444 | 1,660 | 1,909 | 2,196 | 2,525 |
| Net block and other assets | 2,307 | 2,620 | 2,893 | 3,108 | 3,240 | 3,260 |
| Debt | 850 | 850 | 850 | 850 | 850 | 850 |
| Equity | 2,001 | 2,332 | 2,723 | 3,181 | 3,718 | 4,344 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 200 | 240 | 286 | 338 | 398 | |
| Investing (capex) | (371) | (340) | (291) | (220) | (121) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (170) | (100) | (5) | 118 | 277 | |
| Free cash flow to equity | (170) | (100) | (5) | 118 | 277 | |
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 | 15% | 25.2% | 11.00% | 5% | ₹132 | (86.7)% |
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.