Models
QUADRANT TELEVENTURES LIMITEDBSE 511116Telecom - Services
₹-32per 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₹(32)implied FY26 P/E (73.8)× · EV/EBITDA 3.3×
Against CMP ₹0.67−4944.1%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3157%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
₹(33)₹(32)
52-week rangetraded range, a fact not a value
₹0₹1
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 43 |
| PV of terminal value | 58 |
| Enterprise value | 102 |
| less net debt | (2,089) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (1,987) |
| ÷ 61.23 crore shares | ₹(32) |
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% | (32) | (32) | (32) | (32) | (32) |
| 10.50% | (33) | (32) | (32) | (32) | (32) |
| 11.00% | (33) | (33) | (32) | (32) | (32) |
| 11.50% | (33) | (33) | (33) | (32) | (32) |
| 12.00% | (33) | (33) | (33) | (33) | (33) |
The outlined cell is your model. Green figures sit above the CMP of ₹0.67; 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) · (32) · (32) |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.94 |
| Rank correlation with discount rate | −0.33 |
| 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 | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 396 | 269 | 236 | 210 | 199 | 189 | 180 | 171 | 162 |
| growth % | (9.5) | (32.0) | (12.3) | (11.3) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | 33 | 32 | (104) | 31 | 30 | 28 | 27 | 25 | 24 |
| margin % | 8.3 | 12.0 | (44.0) | 14.9 | 14.9 | 14.9 | 14.9 | 14.9 | 14.9 |
| less depreciation | (22) | (21) | (20) | (17) | (16) | (15) | (15) | (14) | (13) |
| EBIT | 11 | 11 | (124) | 14 | 14 | 13 | 12 | 12 | 11 |
| less tax on EBIT | (4) | (3) | (3) | (3) | (3) | (3) | |||
| NOPAT | 11 | 10 | 10 | 9 | 9 | 8 | |||
| add depreciation | 22 | 21 | 20 | 17 | 16 | 15 | 15 | 14 | 13 |
| less capex | (17) | (11) | (12) | (11) | (10) | (12) | (13) | (15) | (16) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |||
| Free cash flow to firm | 23 | 25 | 17 | — | 16 | 13 | 10 | 8 | 6 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 15 | 11 | 8 | 5 | 4 |
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 2,097, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 14 | 14 | 13 | 12 | 12 | 11 |
| Interest at 8% on debt | (168) | (168) | (168) | (168) | (168) | |
| Profit before tax | (154) | (155) | (156) | (156) | (157) | |
| Profit after tax | (23) | (115) | (116) | (116) | (117) | (117) |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 8 | (102) | (214) | (329) | (447) | (567) |
| Working capital | (25) | (25) | (25) | (25) | (25) | (25) |
| Net block and other assets | 173 | 167 | 163 | 162 | 163 | 165 |
| Debt | 2,097 | 2,097 | 2,097 | 2,097 | 2,097 | 2,097 |
| Equity | (2,869) | (2,985) | (3,101) | (3,217) | (3,334) | (3,451) |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | (99) | (101) | (102) | (103) | (104) | |
| Investing (capex) | (10) | (12) | (13) | (15) | (16) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (109) | (112) | (115) | (118) | (120) | |
| Free cash flow to equity | (109) | (112) | (115) | (118) | (120) | |
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 | -5% | 14.9% | 11.00% | 5% | ₹(32) | (4944.1)% |
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.