Models
PRUDENT CORP ADV SER LTDPRUDENTCapital Markets
₹1,589per 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₹1,589implied FY26 P/E 26.8× · EV/EBITDA 21.2×
Against CMP ₹3,415.00−53.5%close of 2026-09-10
Growth the CMP implies40.9%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
₹1,221₹2,322
52-week rangetraded range, a fact not a value
₹2,121₹4,106
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 1,429 |
| PV of terminal value | 5,137 |
| Enterprise value | 6,566 |
| less net debt | 13 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 6,579 |
| ÷ 4.14 crore shares | ₹1,589 |
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% | 1,642 | 1,766 | 1,914 | 2,095 | 2,322 |
| 10.50% | 1,512 | 1,615 | 1,737 | 1,882 | 2,060 |
| 11.00% | 1,401 | 1,488 | 1,589 | 1,708 | 1,851 |
| 11.50% | 1,305 | 1,379 | 1,464 | 1,563 | 1,680 |
| 12.00% | 1,221 | 1,285 | 1,357 | 1,440 | 1,538 |
The outlined cell is your model. Green figures sit above the CMP of ₹3,415.00; 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 | 1,235 · 1,579 · 2,013 |
| Draws below the CMP | 100% |
| Rank correlation with revenue growth | +0.73 |
| Rank correlation with discount rate | −0.49 |
| Rank correlation with ebitda margin | +0.42 |
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 | 611 | 805 | 1,104 | 1,317 | 1,574 | 1,881 | 2,248 | 2,686 | 3,210 |
| growth % | 35.6 | 31.7 | 37.1 | 19.4 | 19.5 | 19.5 | 19.5 | 19.5 | 19.5 |
| EBITDA | 175 | 193 | 262 | 310 | 372 | 444 | 531 | 634 | 758 |
| margin % | 28.7 | 24.0 | 23.8 | 23.6 | 23.6 | 23.6 | 23.6 | 23.6 | 23.6 |
| less depreciation | (24) | (25) | (28) | (31) | (36) | (43) | (52) | (62) | (74) |
| EBIT | 151 | 168 | 235 | 279 | 335 | 401 | 479 | 572 | 684 |
| less tax on EBIT | (71) | (86) | (102) | (122) | (146) | (174) | |||
| NOPAT | 208 | 250 | 299 | 357 | 426 | 509 | |||
| add depreciation | 24 | 25 | 28 | 31 | 36 | 43 | 52 | 62 | 74 |
| less capex | (2) | (5) | (18) | (8) | (9) | (21) | (38) | (60) | (89) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |||
| Free cash flow to firm | 125 | 145 | 143 | — | 277 | 320 | 371 | 428 | 495 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 263 | 274 | 286 | 297 | 309 |
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 0, dividends at 4.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 279 | 335 | 401 | 479 | 572 | 684 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 335 | 401 | 479 | 572 | 684 | |
| Profit after tax | 222 | 250 | 299 | 357 | 426 | 509 |
| Dividends | (10) | (12) | (14) | (17) | (20) | (24) |
| Balance sheet, year end | ||||||
| Cash | 13 | 278 | 584 | 938 | 1,347 | 1,817 |
| Working capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Net block and other assets | 1,211 | 1,185 | 1,163 | 1,149 | 1,147 | 1,161 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 883 | 1,121 | 1,405 | 1,745 | 2,151 | 2,637 |
| Balance check | 0 | (0) | (0) | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 286 | 342 | 408 | 488 | 583 | |
| Investing (capex) | (9) | (21) | (38) | (60) | (89) | |
| Financing (dividends) | (12) | (14) | (17) | (20) | (24) | |
| Net change in cash | 265 | 306 | 354 | 408 | 471 | |
| Free cash flow to equity | 277 | 320 | 371 | 428 | 495 | |
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 | 19.5% | 23.6% | 11.00% | 5% | ₹1,589 | (53.5)% |
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.