Models
RUSHIL DECOR LIMITEDRUSHILConsumer Durables
₹-4per 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₹(4)implied FY26 P/E (5.0)× · EV/EBITDA 2.1×
Against CMP ₹14.95−126.3%close of 8 Oct 2026
Growth the CMP implies30.7%revenue, a year for 5 years, on your other inputs
Value after FY3197%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
₹(5)₹(1)
52-week rangetraded range, a fact not a value
₹12₹30
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 4 |
| PV of terminal value | 139 |
| Enterprise value | 144 |
| less net debt | (259) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (115) |
| ÷ 29.34 crore shares | ₹(4) |
97% 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% | (4) | (3) | (3) | (2) | (1) |
| 10.50% | (4) | (4) | (3) | (3) | (2) |
| 11.00% | (5) | (4) | (4) | (3) | (3) |
| 11.50% | (5) | (5) | (4) | (4) | (4) |
| 12.00% | (5) | (5) | (5) | (4) | (4) |
The outlined cell is your model. Green figures sit above the CMP of ₹14.95; 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) · (4) · (2) |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.92 |
| Rank correlation with discount rate | −0.36 |
| Rank correlation with revenue growth | −0.02 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 898 | 862 | 828 | 795 | 763 | 732 | 703 |
| growth % | — | (4.0) | (4.0) | (4.0) | (4.0) | (4.0) | (4.0) |
| EBITDA | 108 | 70 | 67 | 64 | 62 | 59 | 57 |
| margin % | 12.0 | 8.1 | 8.1 | 8.1 | 8.1 | 8.1 | 8.1 |
| less depreciation | (30) | (34) | (33) | (32) | (31) | (29) | (28) |
| EBIT | 78 | 36 | 34 | 33 | 31 | 30 | 29 |
| less tax on EBIT | (12) | (12) | (11) | (11) | (10) | (10) | |
| NOPAT | 24 | 22 | 22 | 21 | 20 | 19 | |
| add depreciation | 30 | 34 | 33 | 32 | 31 | 29 | 28 |
| less capex | (108) | (68) | (65) | (57) | (48) | (41) | (34) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |
| Free cash flow to firm | (0) | — | (10) | (3) | 3 | 8 | 13 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | (9) | (3) | 2 | 6 | 8 |
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 260, dividends at 43.6% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 36 | 34 | 33 | 31 | 30 | 29 |
| Interest at 11.8% on debt | (31) | (31) | (31) | (31) | (31) | |
| Profit before tax | 3 | 2 | 1 | (1) | (2) | |
| Profit after tax | 7 | 2 | 1 | 0 | (0) | (1) |
| Dividends | (3) | (1) | (1) | (0) | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 0 | (31) | (55) | (72) | (84) | (91) |
| Working capital | (71) | (71) | (71) | (71) | (71) | (71) |
| Net block and other assets | 1,362 | 1,394 | 1,419 | 1,437 | 1,449 | 1,454 |
| Debt | 260 | 260 | 260 | 260 | 260 | 260 |
| Equity | 651 | 652 | 653 | 653 | 653 | 651 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 35 | 33 | 31 | 29 | 27 | |
| Investing (capex) | (65) | (57) | (48) | (41) | (34) | |
| Financing (dividends) | (1) | (1) | (0) | 0 | 0 | |
| Net change in cash | (31) | (24) | (18) | (12) | (7) | |
| Free cash flow to equity | (30) | (24) | (18) | (12) | (7) | |
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 | -4% | 8.1% | 11.00% | 5% | ₹(4) | (126.3)% |
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.