Models
KINGFA SCI & TEC IND LTD.KINGFAIndustrial Products
₹1,843per 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₹1,843implied FY26 P/E 11.1× · EV/EBITDA 9.0×
Against CMP ₹6,215.00−70.3%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3185%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
₹1,406₹2,719
52-week rangetraded range, a fact not a value
₹3,650₹6,347
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 350 |
| PV of terminal value | 2,012 |
| Enterprise value | 2,362 |
| less net debt | 136 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,498 |
| ÷ 1.36 crore shares | ₹1,843 |
85% 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% | 1,905 | 2,053 | 2,231 | 2,447 | 2,719 |
| 10.50% | 1,751 | 1,874 | 2,019 | 2,194 | 2,407 |
| 11.00% | 1,619 | 1,723 | 1,843 | 1,986 | 2,157 |
| 11.50% | 1,505 | 1,594 | 1,695 | 1,814 | 1,954 |
| 12.00% | 1,406 | 1,482 | 1,568 | 1,668 | 1,785 |
The outlined cell is your model. Green figures sit above the CMP of ₹6,215.00; 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 | 1,403 · 1,822 · 2,295 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.84 |
| Rank correlation with discount rate | −0.50 |
| Rank correlation with revenue growth | −0.08 |
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 | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,404 | 1,488 | 1,745 | 1,996 | 2,285 | 2,616 | 2,996 | 3,430 | 3,927 |
| growth % | 34.0 | 6.0 | 17.3 | 14.4 | 14.5 | 14.5 | 14.5 | 14.5 | 14.5 |
| EBITDA | 128 | 185 | 225 | 261 | 299 | 343 | 392 | 449 | 514 |
| margin % | 9.1 | 12.4 | 12.9 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 |
| less depreciation | (14) | (18) | (22) | (28) | (32) | (37) | (42) | (48) | (55) |
| EBIT | 114 | 167 | 203 | 233 | 267 | 306 | 350 | 401 | 459 |
| less tax on EBIT | (60) | (69) | (79) | (91) | (104) | (119) | |||
| NOPAT | 173 | 198 | 227 | 260 | 297 | 340 | |||
| add depreciation | 14 | 18 | 22 | 28 | 32 | 37 | 42 | 48 | 55 |
| less capex | (25) | (1) | (30) | (111) | (128) | (121) | (109) | (91) | (66) |
| less working-capital build | — | (79) | (90) | (104) | (119) | (136) | |||
| Free cash flow to firm | 2 | 15 | 30 | — | 23 | 52 | 89 | 136 | 194 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 22 | 45 | 69 | 94 | 121 |
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 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 233 | 267 | 306 | 350 | 401 | 459 |
| Interest at 19.2% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 267 | 306 | 350 | 401 | 459 | |
| Profit after tax | 185 | 198 | 227 | 260 | 297 | 340 |
| Dividends | (0) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 136 | 159 | 211 | 300 | 435 | 629 |
| Working capital | 545 | 624 | 714 | 818 | 936 | 1,072 |
| Net block and other assets | 1,074 | 1,170 | 1,254 | 1,321 | 1,365 | 1,376 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 1,399 | 1,597 | 1,824 | 2,084 | 2,381 | 2,722 |
| Balance check | 0 | 0 | 0 | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 151 | 173 | 198 | 227 | 260 | |
| Investing (capex) | (128) | (121) | (109) | (91) | (66) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 23 | 52 | 89 | 136 | 194 | |
| Free cash flow to equity | 23 | 52 | 89 | 136 | 194 | |
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 | 14.5% | 13.1% | 11.00% | 5% | ₹1,843 | (70.3)% |
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.