Models
LG BALAKRISHNAN & BROSLGBBROSLTDAuto Components
₹1,358per 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₹1,358implied FY26 P/E 13.6× · EV/EBITDA 9.2×
Against CMP ₹1,719.00−21.0%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3192%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
₹977₹2,120
52-week rangetraded range, a fact not a value
₹1,315₹2,048
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 359 |
| PV of terminal value | 4,135 |
| Enterprise value | 4,493 |
| less net debt | (163) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,330 |
| ÷ 3.19 crore shares | ₹1,358 |
92% 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% | 1,410 | 1,539 | 1,694 | 1,884 | 2,120 |
| 10.50% | 1,276 | 1,384 | 1,510 | 1,663 | 1,849 |
| 11.00% | 1,162 | 1,252 | 1,358 | 1,482 | 1,632 |
| 11.50% | 1,063 | 1,140 | 1,229 | 1,333 | 1,455 |
| 12.00% | 977 | 1,044 | 1,119 | 1,206 | 1,308 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,719.00; 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 | 941 · 1,332 · 1,804 |
| Draws below the CMP | 86% |
| Rank correlation with ebitda margin | +0.85 |
| Rank correlation with discount rate | −0.44 |
| Rank correlation with revenue growth | +0.18 |
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 | 2,203 | 2,346 | 2,578 | 3,076 | 3,675 | 4,392 | 5,249 | 6,272 | 7,495 |
| growth % | 4.8 | 6.5 | 9.9 | 19.3 | 19.5 | 19.5 | 19.5 | 19.5 | 19.5 |
| EBITDA | 404 | 401 | 438 | 486 | 581 | 694 | 829 | 991 | 1,184 |
| margin % | 18.3 | 17.1 | 17.0 | 15.8 | 15.8 | 15.8 | 15.8 | 15.8 | 15.8 |
| less depreciation | (79) | (78) | (92) | (115) | (136) | (163) | (194) | (232) | (277) |
| EBIT | 324 | 323 | 346 | 371 | 445 | 531 | 635 | 759 | 907 |
| less tax on EBIT | (92) | (111) | (132) | (158) | (189) | (226) | |||
| NOPAT | 279 | 334 | 399 | 477 | 570 | 681 | |||
| add depreciation | 79 | 78 | 92 | 115 | 136 | 163 | 194 | 232 | 277 |
| less capex | (81) | (162) | (300) | (371) | (445) | (447) | (434) | (399) | (333) |
| less working-capital build | — | (112) | (133) | (159) | (190) | (227) | |||
| Free cash flow to firm | 86 | 181 | (12) | — | (86) | (19) | 78 | 213 | 398 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (82) | (16) | 60 | 148 | 249 |
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 185, dividends at 19.9% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 371 | 445 | 531 | 635 | 759 | 907 |
| Interest at 9.3% on debt | (17) | (17) | (17) | (17) | (17) | |
| Profit before tax | 428 | 514 | 618 | 742 | 890 | |
| Profit after tax | 319 | 321 | 386 | 464 | 557 | 668 |
| Dividends | (63) | (64) | (77) | (92) | (111) | (133) |
| Balance sheet, year end | ||||||
| Cash | 21 | (142) | (250) | (278) | (189) | 64 |
| Working capital | 571 | 683 | 816 | 975 | 1,166 | 1,393 |
| Net block and other assets | 2,402 | 2,711 | 2,996 | 3,235 | 3,402 | 3,457 |
| Debt | 185 | 185 | 185 | 185 | 185 | 185 |
| Equity | 2,156 | 2,413 | 2,723 | 3,094 | 3,541 | 4,076 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 346 | 415 | 499 | 599 | 718 | |
| Investing (capex) | (445) | (447) | (434) | (399) | (333) | |
| Financing (dividends) | (64) | (77) | (92) | (111) | (133) | |
| Net change in cash | (163) | (109) | (27) | 89 | 252 | |
| Free cash flow to equity | (99) | (32) | 65 | 200 | 385 | |
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 | 19.5% | 15.8% | 11.00% | 5% | ₹1,358 | (21.0)% |
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.