Models
RAJAPALAYAM MILLS LTD.RAJPALAYAMTextiles & Apparels
₹-1,168per 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₹(1,168)implied FY26 P/E (9.4)× · EV/EBITDA 0.5×
Against CMP ₹758.00−254.1%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31-81%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
₹(1,198)₹(1,154)
52-week rangetraded range, a fact not a value
₹736₹875
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 112 |
| PV of terminal value | (50) |
| Enterprise value | 62 |
| less net debt | (1,139) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (1,077) |
| ÷ 0.92 crore shares | ₹(1,168) |
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% | (1,169) | (1,174) | (1,181) | (1,189) | (1,198) |
| 10.50% | (1,164) | (1,168) | (1,174) | (1,180) | (1,188) |
| 11.00% | (1,160) | (1,164) | (1,168) | (1,173) | (1,180) |
| 11.50% | (1,157) | (1,160) | (1,164) | (1,168) | (1,173) |
| 12.00% | (1,154) | (1,157) | (1,160) | (1,163) | (1,168) |
The outlined cell is your model. Green figures sit above the CMP of ₹758.00; 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 | (1,389) · (1,168) · (971) |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.85 |
| Rank correlation with revenue growth | −0.52 |
| Rank correlation with discount rate | +0.05 |
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 | 862 | 859 | 898 | 942 | 989 | 1,039 | 1,091 | 1,145 | 1,202 |
| growth % | 25.0 | (0.4) | 4.6 | 4.8 | 5.0 | 5.0 | 5.0 | 5.0 | 5.0 |
| EBITDA | 140 | 117 | 74 | 122 | 129 | 135 | 142 | 149 | 156 |
| margin % | 16.2 | 13.7 | 8.2 | 13.0 | 13.0 | 13.0 | 13.0 | 13.0 | 13.0 |
| less depreciation | (57) | (67) | (75) | (75) | (79) | (83) | (87) | (92) | (96) |
| EBIT | 83 | 50 | (1) | 47 | 49 | 52 | 55 | 57 | 60 |
| less tax on EBIT | (12) | (12) | (13) | (14) | (14) | (15) | |||
| NOPAT | 35 | 37 | 39 | 41 | 43 | 45 | |||
| add depreciation | 57 | 67 | 75 | 75 | 79 | 83 | 87 | 92 | 96 |
| less capex | (355) | (98) | (24) | (35) | (38) | (55) | (73) | (93) | (115) |
| less working-capital build | — | (25) | (26) | (28) | (29) | (31) | |||
| Free cash flow to firm | (401) | 50 | 91 | — | 53 | 41 | 27 | 12 | (5) |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 51 | 35 | 21 | 8 | (3) |
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 1,141, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 47 | 49 | 52 | 55 | 57 | 60 |
| Interest at 8.2% on debt | (94) | (94) | (94) | (94) | (94) | |
| Profit before tax | (44) | (42) | (39) | (36) | (33) | |
| Profit after tax | 0 | (33) | (31) | (29) | (27) | (25) |
| Dividends | (0) | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 3 | (14) | (43) | (86) | (144) | (219) |
| Working capital | 503 | 528 | 555 | 583 | 612 | 642 |
| Net block and other assets | 3,215 | 3,174 | 3,145 | 3,131 | 3,133 | 3,152 |
| Debt | 1,141 | 1,141 | 1,141 | 1,141 | 1,141 | 1,141 |
| Equity | 2,428 | 2,395 | 2,364 | 2,334 | 2,307 | 2,282 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 21 | 25 | 30 | 35 | 41 | |
| Investing (capex) | (38) | (55) | (73) | (93) | (115) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (17) | (29) | (43) | (58) | (75) | |
| Free cash flow to equity | (17) | (29) | (43) | (58) | (75) | |
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% | 13% | 11.00% | 5% | ₹(1,168) | (254.1)% |
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.