Models
RAVINDER HEIGHTS LIMITEDRVHLRealty
₹67per 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₹67implied FY26 P/E 8.7× · EV/EBITDA 6.3×
Against CMP ₹39.30+71.2%close of 2026-09-10
Growth the CMP implies(20.0)%revenue, a year for 5 years, on your other inputs
Value after FY3188%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
₹51₹101
52-week rangetraded range, a fact not a value
₹29₹71
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 47 |
| PV of terminal value | 348 |
| Enterprise value | 395 |
| less net debt | 18 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 413 |
| ÷ 6.13 crore shares | ₹67 |
88% 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% | 70 | 75 | 82 | 90 | 101 |
| 10.50% | 64 | 68 | 74 | 81 | 89 |
| 11.00% | 59 | 63 | 67 | 73 | 79 |
| 11.50% | 54 | 58 | 62 | 66 | 72 |
| 12.00% | 51 | 54 | 57 | 61 | 65 |
The outlined cell is your model. Green figures sit above the CMP of ₹39.30; 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 | 6 · 67 · 108 |
| Draws below the CMP | 26% |
| Rank correlation with ebitda margin | +0.71 |
| Rank correlation with revenue growth | −0.66 |
| Rank correlation with discount rate | −0.17 |
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 | 12 | 1 | 1 | 75 | 98 | 127 | 165 | 215 | 279 |
| growth % | 35740.8 | (94.8) | (7.8) | 13017.3 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 2 | (9) | (8) | 62 | 81 | 105 | 137 | 178 | 232 |
| margin % | 19.6 | (1436.6) | (1320.2) | 83.0 | 83.0 | 83.0 | 83.0 | 83.0 | 83.0 |
| less depreciation | (2) | (2) | (2) | (2) | (3) | (4) | (5) | (7) | (9) |
| EBIT | 0 | (11) | (10) | 60 | 78 | 101 | 132 | 172 | 223 |
| less tax on EBIT | (16) | (21) | (27) | (35) | (45) | (59) | |||
| NOPAT | 44 | 58 | 75 | 97 | 126 | 164 | |||
| add depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 7 | 9 |
| less capex | (3) | (1) | (0) | (11) | (15) | (16) | (16) | (14) | (10) |
| less working-capital build | — | (45) | (59) | (76) | (99) | (129) | |||
| Free cash flow to firm | 4 | (9) | (8) | — | 1 | 4 | 10 | 20 | 33 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 1 | 4 | 8 | 14 | 21 |
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, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 60 | 78 | 101 | 132 | 172 | 223 |
| Interest at 11.9% on debt | (0) | (0) | (0) | (0) | (0) | |
| Profit before tax | 78 | 101 | 132 | 171 | 223 | |
| Profit after tax | 0 | 57 | 75 | 97 | 126 | 164 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 19 | 20 | 24 | 34 | 54 | 87 |
| Working capital | 151 | 196 | 255 | 331 | 430 | 560 |
| Net block and other assets | 155 | 167 | 178 | 189 | 196 | 198 |
| Debt | 1 | 1 | 1 | 1 | 1 | 1 |
| Equity | 290 | 347 | 422 | 519 | 646 | 810 |
| Balance check | 0 | 0 | (0) | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 15 | 20 | 26 | 34 | 44 | |
| Investing (capex) | (15) | (16) | (16) | (14) | (10) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 1 | 4 | 10 | 20 | 33 | |
| Free cash flow to equity | 1 | 4 | 10 | 20 | 33 | |
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% | 83% | 11.00% | 5% | ₹67 | 71.2% |
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.