₹103per 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₹103implied P/B 1.91× on FY26 book
Against CMP ₹66.49+55.6%close of 2026-09-10
Cost of equity10.12%risk-free + beta × equity risk premium
Book equity, FY26₹54per share · excess returns add ₹49
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 60 | 68 | 77 | 88 | 100 |
| Net income at 13.6% ROE | 8 | 9 | 11 | 12 | 14 |
| Cost of equity charge at 10.12% | (6) | (7) | (8) | (9) | (10) |
| Excess return | 2 | 2 | 3 | 3 | 3 |
| Present value | 2 | 2 | 2 | 2 | 2 |
| Closing book equity | 68 | 77 | 88 | 100 | 114 |
| Book equity today | 60 |
| PV of 5 years of excess return | 11 |
| PV of the terminal excess return, 5% flat | 44 |
| add non-operating investments | 0 |
| Equity value | 115 |
| ÷ 1.11 crore shares | ₹103 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹50₹264
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 13.6% | — | 10.12% | 5% | ₹103 | 55.6% |
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.