Models
POWERICA LIMITEDPOWERICAElectrical Equipment
₹204per 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₹204implied FY26 P/E —× · EV/EBITDA 8.2×
Against CMP ₹568.75−64.1%close of 2026-09-10
Growth the CMP implies38.2%revenue, a year for 5 years, on your other inputs
Value after FY31103%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
₹132₹350
52-week rangetraded range, a fact not a value
₹365₹677
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (82) |
| PV of terminal value | 3,146 |
| Enterprise value | 3,063 |
| less net debt | (477) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,586 |
| ÷ 12.66 crore shares | ₹204 |
103% 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% | 214 | 239 | 268 | 305 | 350 |
| 10.50% | 189 | 209 | 233 | 263 | 298 |
| 11.00% | 167 | 184 | 204 | 228 | 257 |
| 11.50% | 148 | 163 | 180 | 200 | 223 |
| 12.00% | 132 | 144 | 159 | 176 | 195 |
The outlined cell is your model. Green figures sit above the CMP of ₹568.75; 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 | 137 · 202 · 279 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.79 |
| Rank correlation with discount rate | −0.52 |
| Rank correlation with revenue growth | +0.21 |
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 | 3,012 | 3,252 | 3,513 | 3,794 | 4,097 | 4,425 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 376 | 407 | 439 | 474 | 512 | 553 |
| margin % | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 |
| less depreciation | (117) | (127) | (137) | (148) | (160) | (173) |
| EBIT | 259 | 280 | 302 | 326 | 352 | 381 |
| less tax on EBIT | (9) | (10) | (11) | (11) | (12) | (13) |
| NOPAT | 250 | 270 | 292 | 315 | 340 | 367 |
| add depreciation | 117 | 127 | 137 | 148 | 160 | 173 |
| less capex | (575) | (621) | (544) | (451) | (339) | (207) |
| less working-capital build | — | (22) | (24) | (26) | (28) | (30) |
| Free cash flow to firm | — | (246) | (139) | (14) | 133 | 303 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | (234) | (119) | (11) | 92 | 189 |
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 558, dividends at 12.5% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 259 | 280 | 302 | 326 | 352 | 381 |
| Interest at 4.6% on debt | (26) | (26) | (26) | (26) | (26) | |
| Profit before tax | 254 | 276 | 301 | 327 | 355 | |
| Profit after tax | 267 | 245 | 267 | 290 | 315 | 342 |
| Dividends | (33) | (31) | (33) | (36) | (39) | (43) |
| Balance sheet, year end | ||||||
| Cash | 81 | (221) | (418) | (493) | (425) | (189) |
| Working capital | 273 | 295 | 319 | 344 | 372 | 402 |
| Net block and other assets | 3,577 | 4,072 | 4,479 | 4,782 | 4,962 | 4,996 |
| Debt | 558 | 558 | 558 | 558 | 558 | 558 |
| Equity | 2,007 | 2,221 | 2,455 | 2,709 | 2,984 | 3,284 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 350 | 380 | 412 | 447 | 485 | |
| Investing (capex) | (621) | (544) | (451) | (339) | (207) | |
| Financing (dividends) | (31) | (33) | (36) | (39) | (43) | |
| Net change in cash | (302) | (198) | (75) | 69 | 235 | |
| Free cash flow to equity | (271) | (164) | (39) | 108 | 278 | |
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% | 12.5% | 11.00% | 5% | ₹204 | (64.1)% |
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.