Models
MRS BECTORS FOOD SPE LTDBECTORFOODFood Products
₹52per 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₹52implied FY26 P/E 5.4× · EV/EBITDA 6.5×
Against CMP ₹243.00−78.7%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3188%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
₹38₹80
52-week rangetraded range, a fact not a value
₹165₹285
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 194 |
| PV of terminal value | 1,489 |
| Enterprise value | 1,683 |
| less net debt | (94) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 1,589 |
| ÷ 30.67 crore shares | ₹52 |
88% 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% | 54 | 59 | 64 | 72 | 80 |
| 10.50% | 49 | 53 | 58 | 63 | 70 |
| 11.00% | 44 | 48 | 52 | 56 | 62 |
| 11.50% | 41 | 44 | 47 | 51 | 55 |
| 12.00% | 38 | 40 | 43 | 46 | 50 |
The outlined cell is your model. Green figures sit above the CMP of ₹243.00; 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 | 37 · 51 · 68 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.84 |
| Rank correlation with discount rate | −0.46 |
| 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 | 1,362 | 1,624 | 1,874 | 2,044 | 2,227 | 2,428 | 2,646 | 2,885 | 3,144 |
| growth % | 37.8 | 19.2 | 15.4 | 9.1 | 9.0 | 9.0 | 9.0 | 9.0 | 9.0 |
| EBITDA | 175 | 242 | 251 | 258 | 281 | 306 | 333 | 363 | 396 |
| margin % | 12.9 | 14.9 | 13.4 | 12.6 | 12.6 | 12.6 | 12.6 | 12.6 | 12.6 |
| less depreciation | (53) | (61) | (76) | (90) | (98) | (107) | (116) | (127) | (138) |
| EBIT | 122 | 181 | 176 | 168 | 183 | 199 | 217 | 237 | 258 |
| less tax on EBIT | (42) | (45) | (49) | (54) | (59) | (64) | |||
| NOPAT | 126 | 137 | 150 | 163 | 178 | 194 | |||
| add depreciation | 53 | 61 | 76 | 90 | 98 | 107 | 116 | 127 | 138 |
| less capex | (109) | (215) | (259) | (214) | (234) | (223) | (209) | (190) | (166) |
| less working-capital build | — | (16) | (18) | (19) | (21) | (23) | |||
| Free cash flow to firm | 55 | (62) | (97) | — | (15) | 16 | 52 | 94 | 143 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (14) | 13 | 40 | 65 | 90 |
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 131, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 168 | 183 | 199 | 217 | 237 | 258 |
| Interest at 8.9% on debt | (12) | (12) | (12) | (12) | (12) | |
| Profit before tax | 171 | 187 | 205 | 225 | 246 | |
| Profit after tax | 0 | 129 | 141 | 154 | 169 | 185 |
| Dividends | (37) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 37 | 14 | 21 | 64 | 149 | 283 |
| Working capital | 180 | 196 | 214 | 233 | 254 | 277 |
| Net block and other assets | 1,470 | 1,606 | 1,722 | 1,814 | 1,877 | 1,905 |
| Debt | 131 | 131 | 131 | 131 | 131 | 131 |
| Equity | 1,271 | 1,400 | 1,540 | 1,695 | 1,864 | 2,049 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 210 | 230 | 252 | 275 | 301 | |
| Investing (capex) | (234) | (223) | (209) | (190) | (166) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (23) | 7 | 43 | 85 | 135 | |
| Free cash flow to equity | (23) | 7 | 43 | 85 | 135 | |
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 | 9% | 12.6% | 11.00% | 5% | ₹52 | (78.7)% |
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.