₹23per 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₹23implied P/B 1.29× on FY26 book
Against CMP ₹87.95−73.8%close of 2026-09-10
Cost of equity17.73%risk-free + beta × equity risk premium
Book equity, FY26₹18per share · excess returns add ₹5
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 | 36 | 43 | 52 | 62 | 75 |
| Net income at 20.1% ROE | 7 | 9 | 10 | 13 | 15 |
| Cost of equity charge at 17.73% | (6) | (8) | (9) | (11) | (13) |
| Excess return | 1 | 1 | 1 | 1 | 2 |
| Present value | 1 | 1 | 1 | 1 | 1 |
| Closing book equity | 43 | 52 | 62 | 75 | 90 |
| Book equity today | 36 |
| PV of 5 years of excess return | 4 |
| PV of the terminal excess return, 5% flat | 6 |
| add non-operating investments | 0 |
| Equity value | 47 |
| ÷ 2.02 crore shares | ₹23 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹24₹97
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 20.1% | — | 17.73% | 5% | ₹23 | (73.8)% |
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.