Models
KOHINOOR FOODS LIMITEDKOHINOORFood Products
₹899per 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₹899implied FY26 P/E 39.3× · EV/EBITDA 38.9×
Against CMP ₹30.94+2805.1%close of 2026-09-20
Growth the CMP implies(20.0)%revenue, a year for 5 years, on your other inputs
Value after FY3181%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
₹674₹1,348
52-week rangetraded range, a fact not a value
₹19₹38
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 659 |
| PV of terminal value | 2,820 |
| Enterprise value | 3,479 |
| less net debt | (147) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 3,332 |
| ÷ 3.71 crore shares | ₹899 |
81% 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% | 931 | 1,007 | 1,098 | 1,209 | 1,348 |
| 10.50% | 852 | 915 | 989 | 1,079 | 1,188 |
| 11.00% | 784 | 837 | 899 | 972 | 1,060 |
| 11.50% | 725 | 770 | 823 | 883 | 955 |
| 12.00% | 674 | 713 | 757 | 808 | 868 |
The outlined cell is your model. Green figures sit above the CMP of ₹30.94; 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 | 641 · 893 · 1,226 |
| Draws below the CMP | 0% |
| Rank correlation with revenue growth | +0.84 |
| Rank correlation with discount rate | −0.40 |
| Rank correlation with ebitda margin | +0.32 |
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 | 83 | 95 | 86 | 148 | 192 | 249 | 324 | 422 | 548 |
| growth % | (16.3) | 15.2 | (9.2) | 70.9 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 18 | 15 | 388 | 89 | 116 | 151 | 196 | 255 | 332 |
| margin % | 22.0 | 15.4 | 449.2 | 60.5 | 60.5 | 60.5 | 60.5 | 60.5 | 60.5 |
| less depreciation | (7) | (6) | (6) | (6) | (7) | (9) | (12) | (16) | (20) |
| EBIT | 11 | 8 | 382 | 84 | 109 | 142 | 184 | 239 | 311 |
| less tax on EBIT | (8) | (10) | (13) | (17) | (23) | (30) | |||
| NOPAT | 76 | 99 | 128 | 167 | 217 | 282 | |||
| add depreciation | 7 | 6 | 6 | 6 | 7 | 9 | 12 | 16 | 20 |
| less capex | 0 | 0 | 0 | 0 | 0 | (3) | (7) | (14) | (24) |
| less working-capital build | — | (2) | (3) | (4) | (5) | (6) | |||
| Free cash flow to firm | 22 | 28 | 439 | — | 104 | 132 | 168 | 214 | 272 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 98 | 113 | 129 | 148 | 170 |
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 147, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 84 | 109 | 142 | 184 | 239 | 311 |
| Interest at 2.8% on debt | (4) | (4) | (4) | (4) | (4) | |
| Profit before tax | 105 | 138 | 180 | 235 | 307 | |
| Profit after tax | 81 | 95 | 124 | 163 | 213 | 278 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 1 | 101 | 229 | 393 | 603 | 871 |
| Working capital | 7 | 9 | 12 | 16 | 20 | 26 |
| Net block and other assets | 84 | 77 | 71 | 66 | 64 | 68 |
| Debt | 147 | 147 | 147 | 147 | 147 | 147 |
| Equity | (94) | 1 | 126 | 288 | 501 | 779 |
| Balance check | 0 | 0 | (0) | (0) | (0) | 0 |
| Cash flow | ||||||
| From operations | 100 | 131 | 171 | 224 | 292 | |
| Investing (capex) | 0 | (3) | (7) | (14) | (24) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 100 | 128 | 164 | 210 | 268 | |
| Free cash flow to equity | 100 | 128 | 164 | 210 | 268 | |
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 | 30% | 60.5% | 11.00% | 5% | ₹899 | 2805.1% |
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.