Models
RATNAVEER PRECISION ENG LRATNAVEERIndustrial Products
₹317per 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₹317implied FY26 P/E —× · EV/EBITDA 7.1×
Against CMP ₹287.75+10.1%close of 2026-09-10
Growth the CMP implies(6.1)%revenue, a year for 5 years, on your other inputs
Value after FY3196%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
₹189₹573
52-week rangetraded range, a fact not a value
₹131₹316
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 35 |
| PV of terminal value | 766 |
| Enterprise value | 802 |
| less net debt | (244) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 558 |
| ÷ 1.76 crore shares | ₹317 |
96% 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% | 334 | 377 | 430 | 493 | 573 |
| 10.50% | 289 | 325 | 368 | 419 | 482 |
| 11.00% | 251 | 281 | 317 | 359 | 409 |
| 11.50% | 218 | 244 | 274 | 308 | 349 |
| 12.00% | 189 | 211 | 237 | 266 | 300 |
The outlined cell is your model. Green figures sit above the CMP of ₹287.75; 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 | 191 · 313 · 449 |
| Draws below the CMP | 40% |
| Rank correlation with ebitda margin | +0.84 |
| Rank correlation with discount rate | −0.50 |
| Rank correlation with revenue growth | −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 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 1,069 | 1,154 | 1,247 | 1,346 | 1,454 | 1,570 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 112 | 121 | 131 | 141 | 153 | 165 |
| margin % | 10.5 | 10.5 | 10.5 | 10.5 | 10.5 | 10.5 |
| less depreciation | (25) | (28) | (30) | (32) | (35) | (38) |
| EBIT | 87 | 93 | 101 | 109 | 118 | 127 |
| less tax on EBIT | (13) | (14) | (16) | (17) | (18) | (20) |
| NOPAT | 73 | 79 | 85 | 92 | 100 | 108 |
| add depreciation | 25 | 28 | 30 | 32 | 35 | 38 |
| less capex | (114) | (124) | (109) | (91) | (70) | (45) |
| less working-capital build | — | (19) | (21) | (23) | (24) | (26) |
| Free cash flow to firm | — | (36) | (15) | 11 | 40 | 74 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | (34) | (12) | 8 | 28 | 46 |
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 335, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 87 | 93 | 101 | 109 | 118 | 127 |
| Interest at 6.1% on debt | (20) | (20) | (20) | (20) | (20) | |
| Profit before tax | 73 | 81 | 89 | 97 | 107 | |
| Profit after tax | 0 | 62 | 68 | 75 | 82 | 90 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 91 | 38 | 6 | (1) | 22 | 79 |
| Working capital | 242 | 261 | 282 | 305 | 329 | 355 |
| Net block and other assets | 928 | 1,024 | 1,103 | 1,162 | 1,198 | 1,205 |
| Debt | 335 | 335 | 335 | 335 | 335 | 335 |
| Equity | 669 | 731 | 799 | 874 | 957 | 1,047 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 70 | 77 | 85 | 93 | 102 | |
| Investing (capex) | (124) | (109) | (91) | (70) | (45) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (53) | (32) | (7) | 23 | 56 | |
| Free cash flow to equity | (53) | (32) | (7) | 23 | 56 | |
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 | 8% | 10.5% | 11.00% | 5% | ₹317 | 10.1% |
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.