Models
METRO BRANDS LIMITEDMETROBRANDConsumer Durables
₹283per 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₹283implied FY26 P/E 18.9× · EV/EBITDA 8.8×
Against CMP ₹941.90−70.0%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3171%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
₹223₹401
52-week rangetraded range, a fact not a value
₹883₹1,340
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 2,211 |
| PV of terminal value | 5,461 |
| Enterprise value | 7,672 |
| less net debt | 33 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 7,705 |
| ÷ 27.26 crore shares | ₹283 |
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% | 292 | 312 | 336 | 365 | 401 |
| 10.50% | 271 | 287 | 307 | 330 | 359 |
| 11.00% | 252 | 266 | 283 | 302 | 325 |
| 11.50% | 237 | 249 | 262 | 278 | 297 |
| 12.00% | 223 | 233 | 245 | 258 | 274 |
The outlined cell is your model. Green figures sit above the CMP of ₹941.90; 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 | 213 · 280 · 358 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.84 |
| Rank correlation with discount rate | −0.42 |
| Rank correlation with revenue growth | +0.24 |
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 | 2,127 | 2,357 | 2,507 | 2,864 | 3,265 | 3,722 | 4,243 | 4,837 | 5,514 |
| growth % | 58.4 | 10.8 | 6.4 | 14.2 | 14.0 | 14.0 | 14.0 | 14.0 | 14.0 |
| EBITDA | 679 | 700 | 757 | 867 | 989 | 1,128 | 1,286 | 1,465 | 1,671 |
| margin % | 31.9 | 29.7 | 30.2 | 30.3 | 30.3 | 30.3 | 30.3 | 30.3 | 30.3 |
| less depreciation | (181) | (229) | (258) | (311) | (356) | (406) | (462) | (527) | (601) |
| EBIT | 498 | 470 | 499 | 556 | 633 | 722 | 823 | 938 | 1,070 |
| less tax on EBIT | (137) | (156) | (178) | (202) | (231) | (263) | |||
| NOPAT | 420 | 478 | 544 | 621 | 707 | 807 | |||
| add depreciation | 181 | 229 | 258 | 311 | 356 | 406 | 462 | 527 | 601 |
| less capex | (100) | (116) | (87) | (139) | (160) | (258) | (381) | (534) | (721) |
| less working-capital build | — | (95) | (108) | (123) | (141) | (160) | |||
| Free cash flow to firm | 599 | 474 | 610 | — | 578 | 583 | 578 | 560 | 526 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 549 | 499 | 445 | 389 | 329 |
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 36.4% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 556 | 633 | 722 | 823 | 938 | 1,070 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 633 | 722 | 823 | 938 | 1,070 | |
| Profit after tax | 411 | 478 | 544 | 621 | 707 | 807 |
| Dividends | (150) | (174) | (198) | (226) | (258) | (294) |
| Balance sheet, year end | ||||||
| Cash | 33 | 437 | 822 | 1,174 | 1,477 | 1,709 |
| Working capital | 678 | 773 | 881 | 1,005 | 1,145 | 1,306 |
| Net block and other assets | 3,305 | 3,109 | 2,962 | 2,881 | 2,887 | 3,008 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 2,027 | 2,330 | 2,677 | 3,071 | 3,521 | 4,034 |
| Balance check | 0 | (0) | 0 | 0 | (0) | (0) |
| Cash flow | ||||||
| From operations | 738 | 842 | 960 | 1,094 | 1,247 | |
| Investing (capex) | (160) | (258) | (381) | (534) | (721) | |
| Financing (dividends) | (174) | (198) | (226) | (258) | (294) | |
| Net change in cash | 405 | 385 | 352 | 303 | 232 | |
| Free cash flow to equity | 578 | 583 | 578 | 560 | 526 | |
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 | 14% | 30.3% | 11.00% | 5% | ₹283 | (70.0)% |
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.