Models
RAJRATAN GLOBAL WIRE LTDRAJRATANAuto Components
₹192per 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₹192implied FY26 P/E 10.5× · EV/EBITDA 9.1×
Against CMP ₹499.65−61.5%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3195%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
₹122₹333
52-week rangetraded range, a fact not a value
₹306₹564
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 63 |
| PV of terminal value | 1,214 |
| Enterprise value | 1,277 |
| less net debt | (301) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 976 |
| ÷ 5.08 crore shares | ₹192 |
95% 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% | 202 | 226 | 254 | 289 | 333 |
| 10.50% | 177 | 197 | 220 | 249 | 283 |
| 11.00% | 156 | 173 | 192 | 215 | 243 |
| 11.50% | 138 | 152 | 169 | 188 | 210 |
| 12.00% | 122 | 134 | 148 | 165 | 183 |
The outlined cell is your model. Green figures sit above the CMP of ₹499.65; 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 | 100 · 187 · 282 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.90 |
| Rank correlation with discount rate | −0.38 |
| Rank correlation with revenue growth | −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 | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 895 | 890 | 935 | 1,157 | 1,428 | 1,764 | 2,178 | 2,690 | 3,323 |
| growth % | 0.3 | (0.5) | 5.0 | 23.7 | 23.5 | 23.5 | 23.5 | 23.5 | 23.5 |
| EBITDA | 162 | 128 | 127 | 140 | 173 | 213 | 264 | 326 | 402 |
| margin % | 18.1 | 14.3 | 13.6 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 |
| less depreciation | (18) | (18) | (23) | (28) | (34) | (42) | (52) | (65) | (80) |
| EBIT | 144 | 110 | 104 | 111 | 139 | 171 | 211 | 261 | 322 |
| less tax on EBIT | (24) | (30) | (36) | (45) | (56) | (69) | |||
| NOPAT | 88 | 109 | 135 | 166 | 205 | 254 | |||
| add depreciation | 18 | 18 | 23 | 28 | 34 | 42 | 52 | 65 | 80 |
| less capex | (166) | (120) | (59) | (106) | (130) | (133) | (130) | (119) | (96) |
| less working-capital build | — | (52) | (64) | (79) | (98) | (121) | |||
| Free cash flow to firm | (7) | (15) | (2) | — | (39) | (20) | 9 | 53 | 117 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (37) | (17) | 7 | 37 | 73 |
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 324, dividends at 14.5% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 111 | 139 | 171 | 211 | 261 | 322 |
| Interest at 10.1% on debt | (33) | (33) | (33) | (33) | (33) | |
| Profit before tax | 106 | 138 | 179 | 228 | 290 | |
| Profit after tax | 70 | 83 | 109 | 141 | 180 | 228 |
| Dividends | (10) | (12) | (16) | (20) | (26) | (33) |
| Balance sheet, year end | ||||||
| Cash | 23 | (54) | (116) | (153) | (152) | (94) |
| Working capital | 221 | 272 | 337 | 416 | 513 | 634 |
| Net block and other assets | 916 | 1,012 | 1,102 | 1,181 | 1,235 | 1,251 |
| Debt | 324 | 324 | 324 | 324 | 324 | 324 |
| Equity | 650 | 722 | 815 | 935 | 1,089 | 1,283 |
| Balance check | 0 | (0) | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 66 | 87 | 114 | 146 | 187 | |
| Investing (capex) | (130) | (133) | (130) | (119) | (96) | |
| Financing (dividends) | (12) | (16) | (20) | (26) | (33) | |
| Net change in cash | (76) | (62) | (37) | 1 | 58 | |
| Free cash flow to equity | (64) | (46) | (17) | 27 | 91 | |
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 | 23.5% | 12.1% | 11.00% | 5% | ₹192 | (61.5)% |
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.