₹3per 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₹3implied P/B 3.03× on FY19 book
Against CMP ₹2.53+21.1%close of 2026-09-20
Cost of equity7.71%risk-free + beta × equity risk premium
Book equity, FY19₹1per share · excess returns add ₹2
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 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Opening book equity | 30 | 34 | 38 | 42 | 47 |
| Net income at 12% ROE | 4 | 4 | 5 | 5 | 6 |
| Cost of equity charge at 7.71% | (2) | (3) | (3) | (3) | (4) |
| Excess return | 1 | 1 | 2 | 2 | 2 |
| Present value | 1 | 1 | 1 | 1 | 1 |
| Closing book equity | 34 | 38 | 42 | 47 | 53 |
| Book equity today | 30 |
| PV of 5 years of excess return | 7 |
| PV of the terminal excess return, 5% flat | 54 |
| add non-operating investments | 0 |
| Equity value | 91 |
| ÷ 29.63 crore shares | ₹3 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹2₹8
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 12% | — | 7.71% | 5% | ₹3 | 21.1% |
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.