Models
NAGREEKA EXPORTS LTD.NAGREEKEXPTextiles & Apparels
₹9per 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₹9implied FY26 P/E 8.9× · EV/EBITDA 10.0×
Against CMP ₹22.61−60.0%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3177%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
₹(5)₹38
52-week rangetraded range, a fact not a value
₹18₹40
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 46 |
| PV of terminal value | 153 |
| Enterprise value | 199 |
| less net debt | (171) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 28 |
| ÷ 3.13 crore shares | ₹9 |
77% 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% | 11 | 16 | 22 | 29 | 38 |
| 10.50% | 6 | 10 | 15 | 21 | 28 |
| 11.00% | 2 | 5 | 9 | 14 | 19 |
| 11.50% | (2) | 1 | 4 | 8 | 13 |
| 12.00% | (5) | (3) | (0) | 3 | 7 |
The outlined cell is your model. Green figures sit above the CMP of ₹22.61; 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 | 0 · 9 · 20 |
| Draws below the CMP | 94% |
| Rank correlation with discount rate | −0.81 |
| Rank correlation with ebitda margin | +0.57 |
| Rank correlation with revenue growth | −0.03 |
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 | 389 | 559 | 529 | 511 | 493 | 476 | 459 | 443 | 428 |
| growth % | (29.6) | 43.9 | (5.4) | (3.3) | (3.5) | (3.5) | (3.5) | (3.5) | (3.5) |
| EBITDA | 16 | 25 | 24 | 20 | 19 | 19 | 18 | 17 | 17 |
| margin % | 4.2 | 4.5 | 4.6 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 |
| less depreciation | (7) | (7) | (7) | (4) | (4) | (4) | (4) | (4) | (3) |
| EBIT | 9 | 18 | 17 | 16 | 15 | 15 | 14 | 14 | 13 |
| less tax on EBIT | (4) | (4) | (4) | (4) | (3) | (3) | |||
| NOPAT | 12 | 12 | 11 | 11 | 10 | 10 | |||
| add depreciation | 7 | 7 | 7 | 4 | 4 | 4 | 4 | 4 | 3 |
| less capex | (2) | (2) | (3) | (13) | (12) | (10) | (8) | (6) | (4) |
| less working-capital build | — | 6 | 6 | 6 | 6 | 5 | |||
| Free cash flow to firm | 18 | (4) | 13 | — | 9 | 11 | 12 | 14 | 15 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 9 | 9 | 9 | 9 | 9 |
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 173, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 16 | 15 | 15 | 14 | 14 | 13 |
| Interest at 7.8% on debt | (13) | (13) | (13) | (13) | (13) | |
| Profit before tax | 2 | 1 | 1 | 0 | (0) | |
| Profit after tax | 3 | 1 | 1 | 1 | 0 | (0) |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 2 | 1 | 2 | 4 | 7 | 12 |
| Working capital | 179 | 173 | 167 | 161 | 155 | 150 |
| Net block and other assets | 201 | 209 | 216 | 220 | 222 | 223 |
| Debt | 173 | 173 | 173 | 173 | 173 | 173 |
| Equity | 159 | 161 | 162 | 162 | 162 | 162 |
| Balance check | 0 | (0) | 0 | (0) | (0) | 0 |
| Cash flow | ||||||
| From operations | 12 | 11 | 10 | 9 | 9 | |
| Investing (capex) | (12) | (10) | (8) | (6) | (4) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (1) | 1 | 2 | 3 | 5 | |
| Free cash flow to equity | (1) | 1 | 2 | 3 | 5 | |
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 | -3.5% | 3.9% | 11.00% | 5% | ₹9 | (60.0)% |
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.