Models
OPTIEMUS INFRACOM LTDOPTIEMUSTelecom - Equipment & Accessories
₹-30per 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₹(30)implied FY26 P/E (3.6)× · EV/EBITDA 0.1×
Against CMP ₹567.75−105.3%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY314734%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
₹(43)₹(4)
52-week rangetraded range, a fact not a value
₹288₹713
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (387) |
| PV of terminal value | 395 |
| Enterprise value | 8 |
| less net debt | (275) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (267) |
| ÷ 8.87 crore shares | ₹(30) |
4734% 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% | (29) | (24) | (19) | (13) | (4) |
| 10.50% | (33) | (29) | (25) | (20) | (13) |
| 11.00% | (37) | (34) | (30) | (26) | (21) |
| 11.50% | (40) | (37) | (34) | (31) | (26) |
| 12.00% | (43) | (40) | (38) | (35) | (31) |
The outlined cell is your model. Green figures sit above the CMP of ₹567.75; 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 | (40) · (30) · (18) |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.77 |
| Rank correlation with discount rate | −0.61 |
| 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 | 1,174 | 1,528 | 1,890 | 1,769 | 1,680 | 1,596 | 1,516 | 1,441 | 1,369 |
| growth % | 148.9 | 30.1 | 23.7 | (6.4) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | 25 | 79 | 108 | 98 | 92 | 88 | 83 | 79 | 75 |
| margin % | 2.1 | 5.2 | 5.7 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 |
| less depreciation | (13) | (18) | (22) | (24) | (24) | (22) | (21) | (20) | (19) |
| EBIT | 12 | 61 | 86 | 73 | 69 | 65 | 62 | 59 | 56 |
| less tax on EBIT | (24) | (22) | (21) | (20) | (19) | (18) | |||
| NOPAT | 50 | 47 | 44 | 42 | 40 | 38 | |||
| add depreciation | 13 | 18 | 22 | 24 | 24 | 22 | 21 | 20 | 19 |
| less capex | (36) | (62) | (39) | (312) | (297) | (219) | (147) | (82) | (23) |
| less working-capital build | — | 5 | 5 | 4 | 4 | 4 | |||
| Free cash flow to firm | (35) | (21) | (51) | — | (222) | (147) | (79) | (18) | 38 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (211) | (126) | (61) | (12) | 24 |
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 307, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 73 | 69 | 65 | 62 | 59 | 56 |
| Interest at 10.6% on debt | (33) | (33) | (33) | (33) | (33) | |
| Profit before tax | 36 | 33 | 30 | 27 | 24 | |
| Profit after tax | 0 | 25 | 22 | 20 | 18 | 16 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 32 | (213) | (382) | (483) | (523) | (507) |
| Working capital | 96 | 91 | 87 | 82 | 78 | 74 |
| Net block and other assets | 1,710 | 1,984 | 2,180 | 2,306 | 2,368 | 2,372 |
| Debt | 307 | 307 | 307 | 307 | 307 | 307 |
| Equity | 822 | 847 | 869 | 889 | 907 | 923 |
| Balance check | 0 | (0) | (0) | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 53 | 49 | 46 | 42 | 39 | |
| Investing (capex) | (297) | (219) | (147) | (82) | (23) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (244) | (169) | (101) | (40) | 16 | |
| Free cash flow to equity | (244) | (169) | (101) | (40) | 16 | |
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% | 5.5% | 11.00% | 5% | ₹(30) | (105.3)% |
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.