₹-11per 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₹(11)implied P/B (1.19)× on FY26 book
Against CMP ₹3.90−388.0%close of 2026-09-10
Cost of equity9.39%risk-free + beta × equity risk premium
Book equity, FY26₹9per share · excess returns add ₹(21)
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 16 | 15 | 15 | 14 | 14 |
| Net income at -3.5% ROE | (1) | (1) | (1) | (1) | (0) |
| Cost of equity charge at 9.39% | (2) | (1) | (1) | (1) | (1) |
| Excess return | (2) | (2) | (2) | (2) | (2) |
| Present value | (2) | (2) | (2) | (1) | (1) |
| Closing book equity | 15 | 15 | 14 | 14 | 13 |
| Book equity today | 16 |
| PV of 5 years of excess return | (8) |
| PV of the terminal excess return, 5% flat | (27) |
| add non-operating investments | 0 |
| Equity value | (19) |
| ÷ 1.70 crore shares | ₹(11) |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹3₹7
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE -3.5% | — | 9.39% | 5% | ₹(11) | (388.0)% |
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.