Models
KROSS LIMITEDKROSSAuto Components
₹78per 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₹78implied FY26 P/E 8.7× · EV/EBITDA 6.2×
Against CMP ₹239.00−67.5%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31107%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
₹51₹131
52-week rangetraded range, a fact not a value
₹151₹241
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (39) |
| PV of terminal value | 588 |
| Enterprise value | 549 |
| less net debt | (49) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 500 |
| ÷ 6.45 crore shares | ₹78 |
107% 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% | 81 | 90 | 101 | 114 | 131 |
| 10.50% | 72 | 79 | 88 | 99 | 112 |
| 11.00% | 64 | 70 | 78 | 86 | 97 |
| 11.50% | 57 | 62 | 69 | 76 | 85 |
| 12.00% | 51 | 56 | 61 | 67 | 74 |
The outlined cell is your model. Green figures sit above the CMP of ₹239.00; 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 | 53 · 77 · 104 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.80 |
| Rank correlation with discount rate | −0.53 |
| Rank correlation with revenue growth | −0.19 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 620 | 673 | 730 | 793 | 860 | 933 | 1,012 |
| growth % | — | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 |
| EBITDA | 81 | 88 | 96 | 104 | 113 | 122 | 133 |
| margin % | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 |
| less depreciation | (7) | (9) | (9) | (10) | (11) | (12) | (13) |
| EBIT | 74 | 79 | 86 | 94 | 101 | 110 | 119 |
| less tax on EBIT | (21) | (23) | (25) | (27) | (29) | (32) | |
| NOPAT | 58 | 63 | 69 | 75 | 81 | 88 | |
| add depreciation | 7 | 9 | 9 | 10 | 11 | 12 | 13 |
| less capex | (27) | (100) | (108) | (91) | (70) | (45) | (16) |
| less working-capital build | — | (21) | (22) | (24) | (26) | (29) | |
| Free cash flow to firm | (59) | — | (56) | (34) | (9) | 21 | 57 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | (53) | (29) | (7) | 15 | 35 |
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 54, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 79 | 86 | 94 | 101 | 110 | 119 |
| Interest at 18.7% on debt | (10) | (10) | (10) | (10) | (10) | |
| Profit before tax | 76 | 83 | 91 | 100 | 109 | |
| Profit after tax | 55 | 56 | 61 | 67 | 74 | 81 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 4 | (59) | (101) | (117) | (103) | (54) |
| Working capital | 243 | 264 | 286 | 310 | 337 | 365 |
| Net block and other assets | 391 | 490 | 570 | 630 | 663 | 666 |
| Debt | 54 | 54 | 54 | 54 | 54 | 54 |
| Equity | 490 | 546 | 607 | 675 | 748 | 829 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 45 | 49 | 54 | 59 | 65 | |
| Investing (capex) | (108) | (91) | (70) | (45) | (16) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (63) | (42) | (16) | 14 | 49 | |
| Free cash flow to equity | (63) | (42) | (16) | 14 | 49 | |
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 | 8.5% | 13.1% | 11.00% | 5% | ₹78 | (67.5)% |
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.