Models
LA OPALA RG LIMITEDLAOPALAConsumer Durables
₹79per 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₹79implied FY26 P/E 9.4× · EV/EBITDA 7.7×
Against CMP ₹159.60−50.6%close of 2026-09-10
Growth the CMP implies23.0%revenue, a year for 5 years, on your other inputs
Value after FY3167%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
₹63₹110
52-week rangetraded range, a fact not a value
₹162₹260
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 294 |
| PV of terminal value | 589 |
| Enterprise value | 883 |
| less net debt | (8) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 875 |
| ÷ 11.10 crore shares | ₹79 |
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 | 87 | 93 | 101 | 110 |
| 10.50% | 76 | 80 | 85 | 91 | 99 |
| 11.00% | 71 | 75 | 79 | 84 | 90 |
| 11.50% | 67 | 70 | 73 | 78 | 83 |
| 12.00% | 63 | 66 | 69 | 72 | 76 |
The outlined cell is your model. Green figures sit above the CMP of ₹159.60; 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 | 67 · 79 · 93 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.70 |
| Rank correlation with discount rate | −0.69 |
| Rank correlation with revenue growth | −0.03 |
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 | 452 | 365 | 332 | 309 | 294 | 279 | 265 | 252 | 239 |
| growth % | 40.2 | (19.3) | (9.1) | (6.9) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | 172 | 136 | 108 | 114 | 108 | 103 | 98 | 93 | 88 |
| margin % | 38.1 | 37.3 | 32.6 | 36.9 | 36.9 | 36.9 | 36.9 | 36.9 | 36.9 |
| less depreciation | (22) | (22) | (18) | (21) | (20) | (19) | (18) | (17) | (16) |
| EBIT | 150 | 114 | 90 | 93 | 89 | 84 | 80 | 76 | 72 |
| less tax on EBIT | (22) | (21) | (20) | (19) | (18) | (17) | |||
| NOPAT | 71 | 68 | 65 | 61 | 58 | 55 | |||
| add depreciation | 22 | 22 | 18 | 21 | 20 | 19 | 18 | 17 | 16 |
| less capex | (22) | (8) | (15) | (1) | (1) | (6) | (11) | (15) | (19) |
| less working-capital build | — | 6 | 5 | 5 | 5 | 5 | |||
| Free cash flow to firm | 87 | 60 | 97 | — | 92 | 82 | 73 | 65 | 57 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 87 | 70 | 56 | 45 | 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 8, dividends at 90.3% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 93 | 89 | 84 | 80 | 76 | 72 |
| Interest at 8% on debt | (1) | (1) | (1) | (1) | (1) | |
| Profit before tax | 88 | 84 | 79 | 75 | 72 | |
| Profit after tax | 92 | 68 | 64 | 61 | 58 | 55 |
| Dividends | (83) | (61) | (58) | (55) | (52) | (50) |
| Balance sheet, year end | ||||||
| Cash | 0 | 31 | 54 | 72 | 84 | 90 |
| Working capital | 111 | 106 | 100 | 95 | 91 | 86 |
| Net block and other assets | 783 | 765 | 753 | 746 | 745 | 748 |
| Debt | 8 | 8 | 8 | 8 | 8 | 8 |
| Equity | 820 | 827 | 833 | 839 | 845 | 850 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 93 | 88 | 84 | 79 | 75 | |
| Investing (capex) | (1) | (6) | (11) | (15) | (19) | |
| Financing (dividends) | (61) | (58) | (55) | (52) | (50) | |
| Net change in cash | 31 | 24 | 17 | 12 | 7 | |
| Free cash flow to equity | 92 | 82 | 72 | 64 | 56 | |
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 | -5% | 36.9% | 11.00% | 5% | ₹79 | (50.6)% |
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.