Models
Kalyan Capitals LimitedBSE 538778Finance
₹6per 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₹6implied P/B 0.50× on FY26 book
Against CMP ₹6.81−12.8%close of 2026-09-10
Cost of equity12.02%risk-free + beta × equity risk premium
Book equity, FY26₹12per share · excess returns add ₹(6)
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 | 62 | 68 | 74 | 80 | 88 |
| Net income at 9% ROE | 6 | 6 | 7 | 7 | 8 |
| Cost of equity charge at 12.02% | (7) | (8) | (9) | (10) | (11) |
| Excess return | (2) | (2) | (2) | (2) | (3) |
| Present value | (2) | (2) | (2) | (2) | (2) |
| Closing book equity | 68 | 74 | 80 | 88 | 95 |
| Book equity today | 62 |
| PV of 5 years of excess return | (8) |
| PV of the terminal excess return, 5% flat | (22) |
| add non-operating investments | 0 |
| Equity value | 31 |
| ÷ 5.25 crore shares | ₹6 |
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
₹4₹10
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 9% | — | 12.02% | 5% | ₹6 | (12.8)% |
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.