Models
KALYANI INVEST CO LTDKICLFinance
₹-8,077per 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₹(8,077)implied P/B (0.31)× on FY26 book
Against CMP ₹5,020.50−260.9%close of 2026-09-10
Cost of equity14.95%risk-free + beta × equity risk premium
Book equity, FY26₹26,096per share · excess returns add ₹(34,173)
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 | 11,391 | 11,425 | 11,459 | 11,494 | 11,528 |
| Net income at 0.3% ROE | 34 | 34 | 34 | 34 | 35 |
| Cost of equity charge at 14.95% | (1,703) | (1,708) | (1,713) | (1,718) | (1,723) |
| Excess return | (1,669) | (1,674) | (1,679) | (1,684) | (1,689) |
| Present value | (1,556) | (1,358) | (1,185) | (1,034) | (902) |
| Closing book equity | 11,425 | 11,459 | 11,494 | 11,528 | 11,563 |
| Book equity today | 11,391 |
| PV of 5 years of excess return | (6,035) |
| PV of the terminal excess return, 5% flat | (8,881) |
| add non-operating investments | 0 |
| Equity value | (3,526) |
| ÷ 0.44 crore shares | ₹(8,077) |
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
₹4,011₹6,555
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 0.3% | — | 14.95% | 5% | ₹(8,077) | (260.9)% |
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.