Models
Mitsu Chem Plast LimitedBSE 540078Industrial Products
₹159per 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₹159implied FY26 P/E 9.4× · EV/EBITDA 8.1×
Against CMP ₹171.00−6.9%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3169%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
₹117₹244
52-week rangetraded range, a fact not a value
₹80₹201
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 87 |
| PV of terminal value | 193 |
| Enterprise value | 280 |
| less net debt | (64) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 216 |
| ÷ 1.36 crore shares | ₹159 |
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% | 166 | 180 | 197 | 218 | 244 |
| 10.50% | 151 | 162 | 176 | 193 | 213 |
| 11.00% | 138 | 148 | 159 | 173 | 189 |
| 11.50% | 126 | 135 | 145 | 156 | 169 |
| 12.00% | 117 | 124 | 132 | 142 | 153 |
The outlined cell is your model. Green figures sit above the CMP of ₹171.00; 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 | 120 · 158 · 201 |
| Draws below the CMP | 66% |
| Rank correlation with ebitda margin | +0.82 |
| Rank correlation with discount rate | −0.53 |
| Rank correlation with revenue growth | −0.04 |
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 | 309 | 311 | 332 | 350 | 369 | 390 | 411 | 434 | 458 |
| growth % | 19.9 | 0.7 | 6.8 | 5.4 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 |
| EBITDA | 27 | 26 | 23 | 35 | 37 | 39 | 41 | 43 | 45 |
| margin % | 8.6 | 8.2 | 7.0 | 9.9 | 9.9 | 9.9 | 9.9 | 9.9 | 9.9 |
| less depreciation | (5) | (6) | (7) | (8) | (8) | (9) | (9) | (10) | (10) |
| EBIT | 21 | 20 | 16 | 27 | 28 | 30 | 32 | 33 | 35 |
| less tax on EBIT | (7) | (8) | (8) | (8) | (9) | (9) | |||
| NOPAT | 20 | 21 | 22 | 23 | 25 | 26 | |||
| add depreciation | 5 | 6 | 7 | 8 | 8 | 9 | 9 | 10 | 10 |
| less capex | (28) | 0 | 0 | 0 | 0 | (3) | (5) | (9) | (12) |
| less working-capital build | — | (4) | (4) | (5) | (5) | (5) | |||
| Free cash flow to firm | (6) | 9 | 15 | — | 25 | 24 | 22 | 21 | 19 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 24 | 20 | 17 | 14 | 12 |
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 64, dividends at 1.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 27 | 28 | 30 | 32 | 33 | 35 |
| Interest at 9.7% on debt | (6) | (6) | (6) | (6) | (6) | |
| Profit before tax | 22 | 24 | 25 | 27 | 29 | |
| Profit after tax | 16 | 16 | 17 | 19 | 20 | 21 |
| Dividends | (0) | (0) | (0) | (0) | (0) | (0) |
| Balance sheet, year end | ||||||
| Cash | 0 | 20 | 39 | 56 | 72 | 85 |
| Working capital | 77 | 81 | 86 | 90 | 95 | 100 |
| Net block and other assets | 141 | 133 | 127 | 123 | 122 | 124 |
| Debt | 64 | 64 | 64 | 64 | 64 | 64 |
| Equity | 112 | 128 | 146 | 164 | 184 | 205 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 20 | 22 | 23 | 25 | 26 | |
| Investing (capex) | 0 | (3) | (5) | (9) | (12) | |
| Financing (dividends) | (0) | (0) | (0) | (0) | (0) | |
| Net change in cash | 20 | 19 | 17 | 16 | 14 | |
| Free cash flow to equity | 20 | 19 | 18 | 16 | 14 | |
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 | 5.5% | 9.9% | 11.00% | 5% | ₹159 | (6.9)% |
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.