Models
POWER MECH PROJECTS LTD.POWERMECHConstruction
₹2,809per 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₹2,809implied FY26 P/E 22.7× · EV/EBITDA 13.4×
Against CMP ₹2,408.00+16.7%close of 2026-09-10
Growth the CMP implies10.8%revenue, a year for 5 years, on your other inputs
Value after FY3184%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
₹2,069₹4,291
52-week rangetraded range, a fact not a value
₹1,718₹3,125
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 1,485 |
| PV of terminal value | 7,943 |
| Enterprise value | 9,429 |
| less net debt | (545) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 8,884 |
| ÷ 3.16 crore shares | ₹2,809 |
84% 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% | 2,914 | 3,164 | 3,465 | 3,832 | 4,291 |
| 10.50% | 2,653 | 2,861 | 3,107 | 3,402 | 3,763 |
| 11.00% | 2,430 | 2,605 | 2,809 | 3,051 | 3,341 |
| 11.50% | 2,237 | 2,386 | 2,558 | 2,759 | 2,996 |
| 12.00% | 2,069 | 2,197 | 2,343 | 2,512 | 2,709 |
The outlined cell is your model. Green figures sit above the CMP of ₹2,408.00; 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 | 2,180 · 2,786 · 3,535 |
| Draws below the CMP | 22% |
| Rank correlation with ebitda margin | +0.65 |
| Rank correlation with discount rate | −0.57 |
| Rank correlation with revenue growth | +0.44 |
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 | 3,601 | 4,207 | 5,234 | 6,062 | 7,031 | 8,156 | 9,461 | 10,975 | 12,731 |
| growth % | 32.9 | 16.8 | 24.4 | 15.8 | 16.0 | 16.0 | 16.0 | 16.0 | 16.0 |
| EBITDA | 404 | 496 | 601 | 705 | 816 | 946 | 1,098 | 1,273 | 1,477 |
| margin % | 11.2 | 11.8 | 11.5 | 11.6 | 11.6 | 11.6 | 11.6 | 11.6 | 11.6 |
| less depreciation | (43) | (44) | (56) | (75) | (84) | (98) | (114) | (132) | (153) |
| EBIT | 361 | 452 | 545 | 630 | 731 | 848 | 984 | 1,141 | 1,324 |
| less tax on EBIT | (164) | (190) | (221) | (256) | (297) | (344) | |||
| NOPAT | 466 | 541 | 628 | 728 | 845 | 980 | |||
| add depreciation | 43 | 44 | 56 | 75 | 84 | 98 | 114 | 132 | 153 |
| less capex | (54) | (92) | (163) | (335) | (387) | (366) | (328) | (269) | (183) |
| less working-capital build | — | (102) | (118) | (137) | (159) | (184) | |||
| Free cash flow to firm | 129 | 112 | (162) | — | 137 | 242 | 376 | 548 | 765 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 130 | 207 | 290 | 380 | 478 |
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 651, dividends at 1.1% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 630 | 731 | 848 | 984 | 1,141 | 1,324 |
| Interest at 16.8% on debt | (109) | (109) | (109) | (109) | (109) | |
| Profit before tax | 622 | 739 | 875 | 1,032 | 1,215 | |
| Profit after tax | 364 | 460 | 547 | 647 | 764 | 899 |
| Dividends | (4) | (5) | (6) | (7) | (8) | (10) |
| Balance sheet, year end | ||||||
| Cash | 107 | 158 | 312 | 601 | 1,059 | 1,733 |
| Working capital | 636 | 738 | 856 | 993 | 1,152 | 1,336 |
| Net block and other assets | 4,847 | 5,149 | 5,417 | 5,632 | 5,769 | 5,800 |
| Debt | 651 | 651 | 651 | 651 | 651 | 651 |
| Equity | 2,589 | 3,044 | 3,585 | 4,225 | 4,980 | 5,869 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 443 | 527 | 624 | 736 | 867 | |
| Investing (capex) | (387) | (366) | (328) | (269) | (183) | |
| Financing (dividends) | (5) | (6) | (7) | (8) | (10) | |
| Net change in cash | 51 | 155 | 288 | 459 | 674 | |
| Free cash flow to equity | 56 | 161 | 295 | 467 | 684 | |
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 | 16% | 11.6% | 11.00% | 5% | ₹2,809 | 16.7% |
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.