Models
KPR MILL LTD.KPRMILLTextiles & Apparels
₹318per 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₹318implied FY26 P/E 11.9× · EV/EBITDA 9.0×
Against CMP ₹1,111.00−71.4%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3175%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
₹243₹466
52-week rangetraded range, a fact not a value
₹796₹1,334
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 2,820 |
| PV of terminal value | 8,574 |
| Enterprise value | 11,394 |
| less net debt | (532) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 10,862 |
| ÷ 34.18 crore shares | ₹318 |
75% 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% | 329 | 354 | 384 | 420 | 466 |
| 10.50% | 302 | 323 | 348 | 377 | 413 |
| 11.00% | 280 | 297 | 318 | 342 | 371 |
| 11.50% | 260 | 275 | 292 | 313 | 336 |
| 12.00% | 243 | 256 | 271 | 288 | 307 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,111.00; 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 | 259 · 315 · 384 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.75 |
| Rank correlation with discount rate | −0.62 |
| Rank correlation with revenue growth | +0.05 |
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 | 6,186 | 6,060 | 6,388 | 6,650 | 6,916 | 7,193 | 7,481 | 7,780 | 8,091 |
| growth % | 28.3 | (2.0) | 5.4 | 4.1 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 |
| EBITDA | 1,274 | 1,237 | 1,246 | 1,267 | 1,321 | 1,374 | 1,429 | 1,486 | 1,545 |
| margin % | 20.6 | 20.4 | 19.5 | 19.1 | 19.1 | 19.1 | 19.1 | 19.1 | 19.1 |
| less depreciation | (174) | (189) | (208) | (216) | (221) | (230) | (239) | (249) | (259) |
| EBIT | 1,101 | 1,048 | 1,038 | 1,052 | 1,100 | 1,144 | 1,189 | 1,237 | 1,286 |
| less tax on EBIT | (248) | (260) | (270) | (281) | (292) | (304) | |||
| NOPAT | 803 | 840 | 874 | 909 | 945 | 983 | |||
| add depreciation | 174 | 189 | 208 | 216 | 221 | 230 | 239 | 249 | 259 |
| less capex | (379) | (323) | (169) | (315) | (325) | (323) | (319) | (315) | (311) |
| less working-capital build | — | (90) | (94) | (98) | (101) | (105) | |||
| Free cash flow to firm | (80) | 354 | 1,233 | — | 646 | 688 | 731 | 777 | 826 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 613 | 588 | 563 | 539 | 516 |
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 596, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 1,052 | 1,100 | 1,144 | 1,189 | 1,237 | 1,286 |
| Interest at 9.7% on debt | (58) | (58) | (58) | (58) | (58) | |
| Profit before tax | 1,042 | 1,086 | 1,132 | 1,179 | 1,229 | |
| Profit after tax | 0 | 796 | 830 | 865 | 901 | 939 |
| Dividends | (171) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 64 | 666 | 1,309 | 1,996 | 2,729 | 3,511 |
| Working capital | 2,252 | 2,342 | 2,436 | 2,534 | 2,635 | 2,740 |
| Net block and other assets | 4,517 | 4,621 | 4,713 | 4,793 | 4,860 | 4,911 |
| Debt | 596 | 596 | 596 | 596 | 596 | 596 |
| Equity | 5,698 | 6,494 | 7,323 | 8,188 | 9,089 | 10,027 |
| Balance check | 0 | 0 | 0 | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 927 | 966 | 1,006 | 1,048 | 1,092 | |
| Investing (capex) | (325) | (323) | (319) | (315) | (311) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 602 | 643 | 687 | 733 | 781 | |
| Free cash flow to equity | 602 | 643 | 687 | 733 | 781 | |
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 | 4% | 19.1% | 11.00% | 5% | ₹318 | (71.4)% |
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.