Models
METROPOLIS HEALTHCARE LTDMETROPOLISHealthcare Services
₹285per 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₹285implied FY26 P/E 12.2× · EV/EBITDA 15.0×
Against CMP ₹583.00−51.2%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3175%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
₹222₹410
52-week rangetraded range, a fact not a value
₹412₹609
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 1,466 |
| PV of terminal value | 4,399 |
| Enterprise value | 5,865 |
| less net debt | 36 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 5,901 |
| ÷ 20.73 crore shares | ₹285 |
75% 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% | 294 | 315 | 340 | 371 | 410 |
| 10.50% | 272 | 289 | 310 | 335 | 365 |
| 11.00% | 253 | 267 | 285 | 305 | 329 |
| 11.50% | 236 | 249 | 263 | 280 | 300 |
| 12.00% | 222 | 232 | 245 | 259 | 276 |
The outlined cell is your model. Green figures sit above the CMP of ₹583.00; 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 | 212 · 282 · 374 |
| Draws below the CMP | 100% |
| Rank correlation with revenue growth | +0.63 |
| Rank correlation with ebitda margin | +0.61 |
| Rank correlation with discount rate | −0.40 |
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 | 1,148 | 1,208 | 1,331 | 1,646 | 2,033 | 2,510 | 3,100 | 3,829 | 4,729 |
| growth % | (6.5) | 5.2 | 10.2 | 23.6 | 23.5 | 23.5 | 23.5 | 23.5 | 23.5 |
| EBITDA | 288 | 283 | 303 | 392 | 484 | 597 | 738 | 911 | 1,125 |
| margin % | 25.1 | 23.4 | 22.8 | 23.8 | 23.8 | 23.8 | 23.8 | 23.8 | 23.8 |
| less depreciation | (89) | (94) | (109) | (134) | (165) | (203) | (251) | (310) | (383) |
| EBIT | 199 | 188 | 194 | 258 | 319 | 394 | 487 | 601 | 742 |
| less tax on EBIT | (68) | (84) | (103) | (128) | (157) | (195) | |||
| NOPAT | 191 | 236 | 291 | 359 | 444 | 548 | |||
| add depreciation | 89 | 94 | 109 | 134 | 165 | 203 | 251 | 310 | 383 |
| less capex | (53) | (64) | (43) | (43) | (53) | (110) | (191) | (304) | (460) |
| less working-capital build | — | (20) | (25) | (31) | (39) | (48) | |||
| Free cash flow to firm | 194 | 200 | 219 | — | 327 | 359 | 388 | 411 | 424 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 310 | 307 | 299 | 285 | 265 |
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 19, dividends at 10.9% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 258 | 319 | 394 | 487 | 601 | 742 |
| Interest at 8% on debt | (1) | (1) | (1) | (1) | (1) | |
| Profit before tax | 318 | 393 | 485 | 600 | 741 | |
| Profit after tax | 190 | 234 | 290 | 358 | 443 | 547 |
| Dividends | (21) | (26) | (32) | (39) | (48) | (60) |
| Balance sheet, year end | ||||||
| Cash | 55 | 355 | 681 | 1,029 | 1,391 | 1,754 |
| Working capital | 87 | 107 | 132 | 164 | 202 | 250 |
| Net block and other assets | 1,997 | 1,885 | 1,792 | 1,731 | 1,725 | 1,802 |
| Debt | 19 | 19 | 19 | 19 | 19 | 19 |
| Equity | 1,525 | 1,733 | 1,992 | 2,311 | 2,705 | 3,192 |
| Balance check | 0 | (0) | 0 | (0) | 0 | (0) |
| Cash flow | ||||||
| From operations | 379 | 468 | 578 | 714 | 882 | |
| Investing (capex) | (53) | (110) | (191) | (304) | (460) | |
| Financing (dividends) | (26) | (32) | (39) | (48) | (60) | |
| Net change in cash | 300 | 326 | 348 | 362 | 363 | |
| Free cash flow to equity | 326 | 358 | 387 | 410 | 422 | |
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 | 23.5% | 23.8% | 11.00% | 5% | ₹285 | (51.2)% |
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.