Models
Neetu Yoshi LimitedBSE 544434Industrial Products
₹131per 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₹131implied FY26 P/E —× · EV/EBITDA 16.7×
Against CMP ₹216.00−39.3%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31111%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
₹89₹217
52-week rangetraded range, a fact not a value
₹71₹208
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (57) |
| PV of terminal value | 568 |
| Enterprise value | 511 |
| less net debt | (2) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 509 |
| ÷ 3.88 crore shares | ₹131 |
111% 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% | 137 | 151 | 169 | 190 | 217 |
| 10.50% | 122 | 134 | 148 | 165 | 186 |
| 11.00% | 109 | 119 | 131 | 145 | 162 |
| 11.50% | 98 | 107 | 117 | 129 | 142 |
| 12.00% | 89 | 96 | 105 | 114 | 126 |
The outlined cell is your model. Green figures sit above the CMP of ₹216.00; 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 | 91 · 128 · 179 |
| Draws below the CMP | 98% |
| Rank correlation with ebitda margin | +0.68 |
| Rank correlation with discount rate | −0.49 |
| Rank correlation with revenue growth | +0.47 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 71 | 98 | 128 | 166 | 216 | 281 | 365 |
| growth % | — | 39.3 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 23 | 31 | 40 | 52 | 67 | 87 | 114 |
| margin % | 32.9 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 |
| less depreciation | (2) | (2) | (3) | (4) | (5) | (6) | (8) |
| EBIT | 22 | 28 | 37 | 48 | 62 | 81 | 106 |
| less tax on EBIT | (5) | (6) | (8) | (11) | (14) | (18) | |
| NOPAT | 24 | 31 | 40 | 52 | 67 | 87 | |
| add depreciation | 2 | 2 | 3 | 4 | 5 | 6 | 8 |
| less capex | 0 | (53) | (69) | (68) | (61) | (43) | (10) |
| less working-capital build | — | (11) | (14) | (18) | (24) | (31) | |
| Free cash flow to firm | 12 | — | (47) | (39) | (23) | 6 | 55 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | (44) | (33) | (18) | 4 | 34 |
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 4, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 28 | 37 | 48 | 62 | 81 | 106 |
| Interest at 17.7% on debt | (1) | (1) | (1) | (1) | (1) | |
| Profit before tax | 36 | 47 | 62 | 80 | 105 | |
| Profit after tax | 25 | 30 | 39 | 51 | 67 | 87 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 2 | (45) | (85) | (109) | (103) | (49) |
| Working capital | 36 | 47 | 62 | 80 | 104 | 135 |
| Net block and other assets | 109 | 176 | 240 | 297 | 334 | 336 |
| Debt | 4 | 4 | 4 | 4 | 4 | 4 |
| Equity | 137 | 167 | 207 | 258 | 325 | 411 |
| Balance check | 0 | 0 | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 22 | 29 | 38 | 49 | 64 | |
| Investing (capex) | (69) | (68) | (61) | (43) | (10) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (47) | (40) | (24) | 5 | 54 | |
| Free cash flow to equity | (47) | (40) | (24) | 5 | 54 | |
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% | 31.1% | 11.00% | 5% | ₹131 | (39.3)% |
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.