Models
OMAXE LIMITEDOMAXERealty
₹-28per 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₹(28)implied FY26 P/E —× · EV/EBITDA (0.6)×
Against CMP ₹123.03−122.8%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3166%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
₹(33)₹(19)
52-week rangetraded range, a fact not a value
₹63₹139
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 142 |
| PV of terminal value | 281 |
| Enterprise value | 422 |
| less net debt | (935) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (513) |
| ÷ 18.29 crore shares | ₹(28) |
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% | (27) | (26) | (24) | (22) | (19) |
| 10.50% | (29) | (28) | (26) | (24) | (22) |
| 11.00% | (30) | (29) | (28) | (27) | (25) |
| 11.50% | (32) | (31) | (30) | (28) | (27) |
| 12.00% | (33) | (32) | (31) | (30) | (29) |
The outlined cell is your model. Green figures sit above the CMP of ₹123.03; 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 | (30) · (28) · (25) |
| Draws below the CMP | 100% |
| Rank correlation with discount rate | −1.00 |
| Rank correlation with revenue growth | +0.01 |
| Rank correlation with ebitda margin | +0.01 |
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 | 773 | 1,614 | 1,561 | 1,253 | 1,191 | 1,131 | 1,075 | 1,021 | 970 |
| growth % | 25.2 | 108.7 | (3.3) | (19.7) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | (303) | (343) | (608) | (696) | (661) | (628) | (596) | (567) | (538) |
| margin % | (39.2) | (21.3) | (38.9) | (55.5) | (55.5) | (55.5) | (55.5) | (55.5) | (55.5) |
| less depreciation | (65) | (54) | (37) | (35) | (33) | (32) | (30) | (29) | (27) |
| EBIT | (369) | (398) | (644) | (730) | (694) | (659) | (627) | (595) | (565) |
| less tax on EBIT | 184 | 175 | 166 | 158 | 150 | 142 | |||
| NOPAT | (547) | (519) | (493) | (469) | (445) | (423) | |||
| add depreciation | 65 | 54 | 37 | 35 | 33 | 32 | 30 | 29 | 27 |
| less capex | (17) | (17) | (24) | (30) | (29) | (30) | (31) | (32) | (33) |
| less working-capital build | — | 559 | 531 | 505 | 480 | 456 | |||
| Free cash flow to firm | 452 | 970 | 983 | — | 45 | 40 | 35 | 31 | 27 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 42 | 34 | 27 | 21 | 17 |
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 1,425, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | (730) | (694) | (659) | (627) | (595) | (565) |
| Interest at 8% on debt | (114) | (114) | (114) | (114) | (114) | |
| Profit before tax | (808) | (773) | (741) | (709) | (679) | |
| Profit after tax | (697) | (605) | (579) | (554) | (531) | (508) |
| Dividends | (0) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 490 | 450 | 404 | 354 | 299 | 241 |
| Working capital | 11,186 | 10,627 | 10,095 | 9,591 | 9,111 | 8,656 |
| Net block and other assets | 4,846 | 4,841 | 4,839 | 4,840 | 4,843 | 4,849 |
| Debt | 1,425 | 1,425 | 1,425 | 1,425 | 1,425 | 1,425 |
| Equity | (893) | (1,497) | (2,076) | (2,630) | (3,161) | (3,669) |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | (12) | (16) | (19) | (23) | (26) | |
| Investing (capex) | (29) | (30) | (31) | (32) | (33) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (41) | (46) | (50) | (54) | (58) | |
| Free cash flow to equity | (41) | (46) | (50) | (54) | (58) | |
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% | -55.5% | 11.00% | 5% | ₹(28) | (122.8)% |
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.