Models
PARK MEDI WORLD LIMITEDPARKHOSPSHealthcare Services
₹113per 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₹113implied FY26 P/E —× · EV/EBITDA 10.9×
Against CMP ₹279.90−59.8%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3178%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
₹87₹164
52-week rangetraded range, a fact not a value
₹138₹305
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 1,087 |
| PV of terminal value | 3,765 |
| Enterprise value | 4,851 |
| less net debt | 9 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,860 |
| ÷ 43.19 crore shares | ₹113 |
78% 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% | 116 | 125 | 135 | 148 | 164 |
| 10.50% | 107 | 114 | 123 | 133 | 146 |
| 11.00% | 99 | 105 | 113 | 121 | 131 |
| 11.50% | 93 | 98 | 104 | 111 | 119 |
| 12.00% | 87 | 91 | 96 | 102 | 109 |
The outlined cell is your model. Green figures sit above the CMP of ₹279.90; 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 | 92 · 111 · 136 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.71 |
| Rank correlation with discount rate | −0.62 |
| Rank correlation with revenue growth | +0.23 |
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 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 1,679 | 1,814 | 1,959 | 2,116 | 2,285 | 2,468 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 444 | 481 | 519 | 561 | 605 | 654 |
| margin % | 26.5 | 26.5 | 26.5 | 26.5 | 26.5 | 26.5 |
| less depreciation | (62) | (67) | (72) | (78) | (85) | (91) |
| EBIT | 382 | 414 | 447 | 482 | 521 | 563 |
| less tax on EBIT | (87) | (95) | (102) | (110) | (119) | (129) |
| NOPAT | 294 | 319 | 344 | 372 | 402 | 434 |
| add depreciation | 62 | 67 | 72 | 78 | 85 | 91 |
| less capex | (120) | (129) | (126) | (122) | (117) | (110) |
| less working-capital build | — | (39) | (42) | (45) | (49) | (53) |
| Free cash flow to firm | — | 218 | 249 | 283 | 320 | 362 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | 207 | 213 | 218 | 222 | 227 |
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 228, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 382 | 414 | 447 | 482 | 521 | 563 |
| Interest at 8% on debt | (18) | (18) | (18) | (18) | (18) | |
| Profit before tax | 395 | 428 | 464 | 503 | 544 | |
| Profit after tax | 258 | 305 | 330 | 358 | 388 | 420 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 237 | 441 | 676 | 944 | 1,251 | 1,599 |
| Working capital | 487 | 526 | 568 | 614 | 663 | 716 |
| Net block and other assets | 2,089 | 2,151 | 2,204 | 2,248 | 2,280 | 2,298 |
| Debt | 228 | 228 | 228 | 228 | 228 | 228 |
| Equity | 2,104 | 2,409 | 2,739 | 3,097 | 3,485 | 3,904 |
| Balance check | 0 | 0 | 0 | (0) | 0 | (0) |
| Cash flow | ||||||
| From operations | 333 | 361 | 391 | 423 | 458 | |
| Investing (capex) | (129) | (126) | (122) | (117) | (110) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 204 | 235 | 269 | 306 | 348 | |
| Free cash flow to equity | 204 | 235 | 269 | 306 | 348 | |
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 | 8% | 26.5% | 11.00% | 5% | ₹113 | (59.8)% |
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.