Models
PRECOT LIMITEDPRECOTTextiles & Apparels
₹38per 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₹38implied FY26 P/E 0.7× · EV/EBITDA 4.9×
Against CMP ₹653.05−94.2%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3185%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
₹(44)₹201
52-week rangetraded range, a fact not a value
₹300₹899
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 57 |
| PV of terminal value | 331 |
| Enterprise value | 388 |
| less net debt | (343) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 45 |
| ÷ 1.20 crore shares | ₹38 |
85% 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% | 49 | 77 | 110 | 150 | 201 |
| 10.50% | 21 | 44 | 71 | 103 | 143 |
| 11.00% | (4) | 15 | 38 | 64 | 96 |
| 11.50% | (25) | (9) | 10 | 32 | 58 |
| 12.00% | (44) | (29) | (13) | 5 | 27 |
The outlined cell is your model. Green figures sit above the CMP of ₹653.05; 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 | (33) · 38 · 119 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.80 |
| Rank correlation with discount rate | −0.57 |
| Rank correlation with revenue growth | −0.02 |
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 | FY22 | FY23 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 993 | 954 | 868 | 852 | 835 | 818 | 802 | 786 | 770 |
| growth % | 49.3 | (4.0) | (9.0) | (1.9) | (2.0) | (2.0) | (2.0) | (2.0) | (2.0) |
| EBITDA | 189 | 28 | 111 | 79 | 78 | 76 | 75 | 73 | 72 |
| margin % | 19.0 | 2.9 | 12.8 | 9.3 | 9.3 | 9.3 | 9.3 | 9.3 | 9.3 |
| less depreciation | (33) | (33) | (19) | (29) | (28) | (28) | (27) | (27) | (26) |
| EBIT | 156 | (6) | 92 | 51 | 49 | 48 | 47 | 46 | 45 |
| less tax on EBIT | (14) | (14) | (14) | (13) | (13) | (13) | |||
| NOPAT | 36 | 35 | 35 | 34 | 33 | 33 | |||
| add depreciation | 33 | 33 | 19 | 29 | 28 | 28 | 27 | 27 | 26 |
| less capex | (57) | (32) | (37) | (70) | (68) | (59) | (49) | (40) | (31) |
| less working-capital build | — | 5 | 5 | 5 | 5 | 4 | |||
| Free cash flow to firm | (1) | 17 | 102 | — | 0 | 9 | 17 | 24 | 32 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 0 | 7 | 13 | 17 | 20 |
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 345, dividends at 10% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 51 | 49 | 48 | 47 | 46 | 45 |
| Interest at 11.1% on debt | (38) | (38) | (38) | (38) | (38) | |
| Profit before tax | 11 | 10 | 9 | 8 | 7 | |
| Profit after tax | 36 | 8 | 7 | 6 | 6 | 5 |
| Dividends | (4) | (1) | (1) | (1) | (1) | (1) |
| Balance sheet, year end | ||||||
| Cash | 1 | (27) | (46) | (58) | (61) | (58) |
| Working capital | 244 | 239 | 234 | 229 | 225 | 220 |
| Net block and other assets | 687 | 727 | 757 | 779 | 793 | 798 |
| Debt | 345 | 345 | 345 | 345 | 345 | 345 |
| Equity | 481 | 488 | 494 | 500 | 505 | 510 |
| Balance check | 0 | 0 | 0 | 0 | (0) | (0) |
| Cash flow | ||||||
| From operations | 41 | 40 | 38 | 37 | 36 | |
| Investing (capex) | (68) | (59) | (49) | (40) | (31) | |
| Financing (dividends) | (1) | (1) | (1) | (1) | (1) | |
| Net change in cash | (28) | (20) | (11) | (4) | 4 | |
| Free cash flow to equity | (27) | (19) | (11) | (3) | 4 | |
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 | -2% | 9.3% | 11.00% | 5% | ₹38 | (94.2)% |
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.