Models
R M DRIP & SPRINK SYS LTDRMDRIPIndustrial Products
₹2per 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₹2implied FY26 P/E 0.5× · EV/EBITDA 2.5×
Against CMP ₹23.59−92.4%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3172%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₹3
52-week rangetraded range, a fact not a value
₹15₹72
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 37 |
| PV of terminal value | 93 |
| Enterprise value | 130 |
| less net debt | (53) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 77 |
| ÷ 42.82 crore shares | ₹2 |
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% | 2 | 2 | 2 | 3 | 3 |
| 10.50% | 2 | 2 | 2 | 2 | 3 |
| 11.00% | 1 | 2 | 2 | 2 | 2 |
| 11.50% | 1 | 1 | 2 | 2 | 2 |
| 12.00% | 1 | 1 | 1 | 2 | 2 |
The outlined cell is your model. Green figures sit above the CMP of ₹23.59; 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 | (7) · 2 · 8 |
| Draws below the CMP | 100% |
| Rank correlation with revenue growth | −0.82 |
| Rank correlation with ebitda margin | +0.56 |
| Rank correlation with discount rate | −0.04 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 131 | 197 | 257 | 334 | 434 | 564 | 733 |
| growth % | — | 50.5 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | — | 52 | 68 | 88 | 115 | 149 | 194 |
| margin % | — | 26.5 | 26.5 | 26.5 | 26.5 | 26.5 | 26.5 |
| less depreciation | — | (4) | (5) | (6) | (8) | (10) | (13) |
| EBIT | — | 49 | 63 | 82 | 107 | 139 | 181 |
| less tax on EBIT | (13) | (17) | (22) | (29) | (37) | (48) | |
| NOPAT | 36 | 46 | 60 | 79 | 102 | 133 | |
| add depreciation | — | 4 | 5 | 6 | 8 | 10 | 13 |
| less capex | (12) | 0 | 0 | (2) | (5) | (9) | (16) |
| less working-capital build | — | (42) | (55) | (72) | (93) | (121) | |
| Free cash flow to firm | (39) | — | 9 | 9 | 10 | 10 | 9 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 8 | 8 | 8 | 7 | 6 |
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 54, dividends at 3.6% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 49 | 63 | 82 | 107 | 139 | 181 |
| Interest at 5.8% on debt | (3) | (3) | (3) | (3) | (3) | |
| Profit before tax | 60 | 79 | 104 | 136 | 178 | |
| Profit after tax | 35 | 44 | 58 | 76 | 100 | 130 |
| Dividends | (1) | (2) | (2) | (3) | (4) | (5) |
| Balance sheet, year end | ||||||
| Cash | 1 | 6 | 11 | 16 | 20 | 22 |
| Working capital | 141 | 184 | 239 | 310 | 404 | 525 |
| Net block and other assets | 68 | 63 | 59 | 56 | 55 | 57 |
| Debt | 54 | 54 | 54 | 54 | 54 | 54 |
| Equity | 113 | 155 | 211 | 285 | 381 | 507 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 6 | 9 | 12 | 17 | 23 | |
| Investing (capex) | 0 | (2) | (5) | (9) | (16) | |
| Financing (dividends) | (2) | (2) | (3) | (4) | (5) | |
| Net change in cash | 5 | 5 | 5 | 4 | 2 | |
| Free cash flow to equity | 6 | 7 | 8 | 8 | 7 | |
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 | 30% | 26.5% | 11.00% | 5% | ₹2 | (92.4)% |
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.