Models
NAVIN FLUORINE INT. LTDNAVINFLUORChemicals & Petrochemicals
₹4,321per 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₹4,321implied FY26 P/E 28.0× · EV/EBITDA 21.7×
Against CMP ₹8,545.00−49.4%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3186%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
₹3,173₹6,617
52-week rangetraded range, a fact not a value
₹4,499₹8,950
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 3,381 |
| PV of terminal value | 19,989 |
| Enterprise value | 23,370 |
| less net debt | (1,204) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 22,166 |
| ÷ 5.13 crore shares | ₹4,321 |
86% 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% | 4,482 | 4,870 | 5,336 | 5,905 | 6,617 |
| 10.50% | 4,078 | 4,400 | 4,782 | 5,239 | 5,798 |
| 11.00% | 3,732 | 4,004 | 4,321 | 4,695 | 5,145 |
| 11.50% | 3,434 | 3,665 | 3,932 | 4,243 | 4,611 |
| 12.00% | 3,173 | 3,372 | 3,599 | 3,861 | 4,167 |
The outlined cell is your model. Green figures sit above the CMP of ₹8,545.00; 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 | 3,118 · 4,269 · 5,826 |
| Draws below the CMP | 100% |
| Rank correlation with revenue growth | +0.69 |
| Rank correlation with ebitda margin | +0.52 |
| Rank correlation with discount rate | −0.43 |
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 | 2,077 | 2,065 | 2,349 | 3,314 | 4,308 | 5,600 | 7,281 | 9,465 | 12,304 |
| growth % | 42.9 | (0.6) | 13.8 | 41.1 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 550 | 450 | 534 | 1,075 | 1,396 | 1,815 | 2,359 | 3,067 | 3,987 |
| margin % | 26.5 | 21.8 | 22.7 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 |
| less depreciation | (63) | (96) | (119) | (149) | (194) | (252) | (328) | (426) | (554) |
| EBIT | 488 | 354 | 414 | 926 | 1,202 | 1,563 | 2,031 | 2,641 | 3,433 |
| less tax on EBIT | (222) | (288) | (375) | (488) | (634) | (824) | |||
| NOPAT | 704 | 913 | 1,188 | 1,544 | 2,007 | 2,609 | |||
| add depreciation | 63 | 96 | 119 | 149 | 194 | 252 | 328 | 426 | 554 |
| less capex | (758) | (732) | (561) | (485) | (629) | (689) | (728) | (729) | (664) |
| less working-capital build | — | (201) | (261) | (339) | (441) | (574) | |||
| Free cash flow to firm | (821) | 18 | 10 | — | 278 | 490 | 804 | 1,263 | 1,925 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 263 | 419 | 619 | 876 | 1,203 |
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 1,226, dividends at 10.3% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 926 | 1,202 | 1,563 | 2,031 | 2,641 | 3,433 |
| Interest at 8.8% on debt | (108) | (108) | (108) | (108) | (108) | |
| Profit before tax | 1,094 | 1,455 | 1,923 | 2,533 | 3,325 | |
| Profit after tax | 664 | 831 | 1,106 | 1,462 | 1,925 | 2,527 |
| Dividends | (68) | (86) | (114) | (151) | (198) | (260) |
| Balance sheet, year end | ||||||
| Cash | 23 | 132 | 426 | 998 | 1,980 | 3,563 |
| Working capital | 668 | 869 | 1,130 | 1,470 | 1,911 | 2,484 |
| Net block and other assets | 5,688 | 6,123 | 6,560 | 6,961 | 7,264 | 7,374 |
| Debt | 1,226 | 1,226 | 1,226 | 1,226 | 1,226 | 1,226 |
| Equity | 3,975 | 4,720 | 5,712 | 7,023 | 8,750 | 11,017 |
| Balance check | 0 | 0 | (0) | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 825 | 1,096 | 1,450 | 1,910 | 2,507 | |
| Investing (capex) | (629) | (689) | (728) | (729) | (664) | |
| Financing (dividends) | (86) | (114) | (151) | (198) | (260) | |
| Net change in cash | 110 | 294 | 571 | 983 | 1,582 | |
| Free cash flow to equity | 196 | 408 | 722 | 1,181 | 1,843 | |
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 | 30% | 32.4% | 11.00% | 5% | ₹4,321 | (49.4)% |
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.