Models
MACPOWER CNC MACHINES LTDMACPOWERIndustrial Manufacturing
₹363per 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₹363implied FY26 P/E 9.3× · EV/EBITDA 6.6×
Against CMP ₹1,858.00−80.5%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3174%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
₹284₹519
52-week rangetraded range, a fact not a value
₹761₹2,050
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 92 |
| PV of terminal value | 264 |
| Enterprise value | 357 |
| less net debt | 6 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 363 |
| ÷ 1.00 crore shares | ₹363 |
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% | 374 | 400 | 432 | 471 | 519 |
| 10.50% | 346 | 368 | 394 | 425 | 463 |
| 11.00% | 323 | 341 | 363 | 388 | 418 |
| 11.50% | 302 | 318 | 336 | 357 | 382 |
| 12.00% | 284 | 297 | 313 | 331 | 351 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,858.00; 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 | 98 · 358 · 554 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.77 |
| Rank correlation with revenue growth | −0.58 |
| Rank correlation with discount rate | −0.17 |
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 | 202 | 241 | 262 | 333 | 425 | 542 | 691 | 880 | 1,123 |
| growth % | 6.0 | 19.4 | 8.6 | 27.3 | 27.5 | 27.5 | 27.5 | 27.5 | 27.5 |
| EBITDA | 21 | 35 | 41 | 54 | 69 | 88 | 112 | 143 | 182 |
| margin % | 10.2 | 14.7 | 15.6 | 16.2 | 16.2 | 16.2 | 16.2 | 16.2 | 16.2 |
| less depreciation | (3) | (4) | (6) | (7) | (9) | (12) | (15) | (19) | (25) |
| EBIT | 17 | 31 | 35 | 47 | 59 | 76 | 97 | 123 | 157 |
| less tax on EBIT | (12) | (15) | (19) | (24) | (31) | (40) | |||
| NOPAT | 35 | 44 | 57 | 72 | 92 | 118 | |||
| add depreciation | 3 | 4 | 6 | 7 | 9 | 12 | 15 | 19 | 25 |
| less capex | (7) | (11) | (16) | 0 | 0 | (4) | (9) | (17) | (30) |
| less working-capital build | — | (33) | (42) | (54) | (68) | (87) | |||
| Free cash flow to firm | (2) | 6 | (9) | — | 21 | 23 | 25 | 26 | 25 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 20 | 20 | 19 | 18 | 16 |
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 0, dividends at 4.4% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 47 | 59 | 76 | 97 | 123 | 157 |
| Interest at 8% on debt | (0) | (0) | (0) | (0) | (0) | |
| Profit before tax | 59 | 76 | 97 | 123 | 157 | |
| Profit after tax | 34 | 44 | 57 | 72 | 92 | 118 |
| Dividends | (2) | (2) | (2) | (3) | (4) | (5) |
| Balance sheet, year end | ||||||
| Cash | 6 | 25 | 45 | 67 | 89 | 109 |
| Working capital | 120 | 153 | 195 | 249 | 317 | 404 |
| Net block and other assets | 139 | 130 | 122 | 116 | 114 | 119 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 175 | 218 | 272 | 341 | 429 | 542 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 21 | 27 | 34 | 43 | 55 | |
| Investing (capex) | 0 | (4) | (9) | (17) | (30) | |
| Financing (dividends) | (2) | (2) | (3) | (4) | (5) | |
| Net change in cash | 19 | 20 | 22 | 22 | 20 | |
| Free cash flow to equity | 21 | 23 | 25 | 26 | 25 | |
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 | 27.5% | 16.2% | 11.00% | 5% | ₹363 | (80.5)% |
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.