Models
SAGILITY LIMITEDSAGILITYIT - Services
₹46per 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₹46implied FY26 P/E 21.8× · EV/EBITDA 13.0×
Against CMP ₹45.20+2.5%close of 2026-09-10
Growth the CMP implies27.5%revenue, a year for 5 years, on your other inputs
Value after FY3176%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
₹35₹68
52-week rangetraded range, a fact not a value
₹36₹58
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 5,314 |
| PV of terminal value | 17,113 |
| Enterprise value | 22,428 |
| less net debt | (753) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 21,675 |
| ÷ 467.93 crore shares | ₹46 |
76% 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% | 48 | 52 | 56 | 61 | 68 |
| 10.50% | 44 | 47 | 51 | 55 | 60 |
| 11.00% | 41 | 43 | 46 | 50 | 54 |
| 11.50% | 38 | 40 | 43 | 46 | 49 |
| 12.00% | 35 | 37 | 39 | 42 | 45 |
The outlined cell is your model. Green figures sit above the CMP of ₹45.20; 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 | 32 · 45 · 62 |
| Draws below the CMP | 50% |
| Rank correlation with ebitda margin | +0.84 |
| Rank correlation with discount rate | −0.36 |
| Rank correlation with revenue growth | +0.31 |
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 | 5,570 | 7,193 | 9,279 | 11,970 | 15,441 | 19,919 | 25,695 |
| growth % | — | 29.1 | 29.0 | 29.0 | 29.0 | 29.0 | 29.0 |
| EBITDA | 1,298 | 1,727 | 2,227 | 2,873 | 3,706 | 4,780 | 6,167 |
| margin % | 23.3 | 24.0 | 24.0 | 24.0 | 24.0 | 24.0 | 24.0 |
| less depreciation | (467) | (487) | (631) | (814) | (1,050) | (1,354) | (1,747) |
| EBIT | 831 | 1,240 | 1,596 | 2,059 | 2,656 | 3,426 | 4,420 |
| less tax on EBIT | (315) | (405) | (523) | (675) | (870) | (1,123) | |
| NOPAT | 925 | 1,191 | 1,536 | 1,981 | 2,556 | 3,297 | |
| add depreciation | 467 | 487 | 631 | 814 | 1,050 | 1,354 | 1,747 |
| less capex | (124) | (192) | (251) | (487) | (838) | (1,353) | (2,097) |
| less working-capital build | — | (469) | (605) | (781) | (1,008) | (1,300) | |
| Free cash flow to firm | 1,090 | — | 1,102 | 1,258 | 1,412 | 1,549 | 1,648 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 1,046 | 1,076 | 1,088 | 1,075 | 1,030 |
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 1,111, dividends at 2.5% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 1,240 | 1,596 | 2,059 | 2,656 | 3,426 | 4,420 |
| Interest at 7.9% on debt | (88) | (88) | (88) | (88) | (88) | |
| Profit before tax | 1,508 | 1,971 | 2,568 | 3,338 | 4,332 | |
| Profit after tax | 925 | 1,125 | 1,470 | 1,916 | 2,490 | 3,232 |
| Dividends | (23) | (28) | (37) | (48) | (62) | (81) |
| Balance sheet, year end | ||||||
| Cash | 358 | 1,366 | 2,522 | 3,820 | 5,242 | 6,743 |
| Working capital | 1,618 | 2,087 | 2,693 | 3,474 | 4,481 | 5,781 |
| Net block and other assets | 10,625 | 10,245 | 9,917 | 9,706 | 9,705 | 10,054 |
| Debt | 1,111 | 1,111 | 1,111 | 1,111 | 1,111 | 1,111 |
| Equity | 9,659 | 10,756 | 12,190 | 14,058 | 16,486 | 19,636 |
| Balance check | 0 | 0 | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 1,287 | 1,679 | 2,185 | 2,837 | 3,679 | |
| Investing (capex) | (251) | (487) | (838) | (1,353) | (2,097) | |
| Financing (dividends) | (28) | (37) | (48) | (62) | (81) | |
| Net change in cash | 1,008 | 1,156 | 1,298 | 1,422 | 1,502 | |
| Free cash flow to equity | 1,036 | 1,192 | 1,346 | 1,484 | 1,582 | |
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 | 29% | 24% | 11.00% | 5% | ₹46 | 2.5% |
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.