Models
SAKSOFT LIMITEDSAKSOFTIT - Software
₹211per 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₹211implied FY26 P/E 20.8× · EV/EBITDA 14.9×
Against CMP ₹146.00+44.7%close of 2026-09-10
Growth the CMP implies1.1%revenue, a year for 5 years, on your other inputs
Value after FY3177%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
₹165₹304
52-week rangetraded range, a fact not a value
₹108₹225
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 627 |
| PV of terminal value | 2,082 |
| Enterprise value | 2,709 |
| less net debt | 90 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,799 |
| ÷ 13.26 crore shares | ₹211 |
77% 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% | 218 | 234 | 252 | 275 | 304 |
| 10.50% | 202 | 215 | 230 | 248 | 271 |
| 11.00% | 187 | 198 | 211 | 226 | 244 |
| 11.50% | 175 | 185 | 195 | 208 | 223 |
| 12.00% | 165 | 173 | 182 | 192 | 205 |
The outlined cell is your model. Green figures sit above the CMP of ₹146.00; 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 | 173 · 210 · 255 |
| Draws below the CMP | 0% |
| Rank correlation with ebitda margin | +0.61 |
| Rank correlation with discount rate | −0.59 |
| Rank correlation with revenue growth | +0.46 |
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 | 666 | 762 | 883 | 1,007 | 1,148 | 1,309 | 1,492 | 1,701 | 1,939 |
| growth % | 38.5 | 14.4 | 15.9 | 14.1 | 14.0 | 14.0 | 14.0 | 14.0 | 14.0 |
| EBITDA | 108 | 137 | 146 | 182 | 208 | 237 | 270 | 308 | 351 |
| margin % | 16.2 | 17.9 | 16.6 | 18.1 | 18.1 | 18.1 | 18.1 | 18.1 | 18.1 |
| less depreciation | (10) | (12) | (13) | (13) | (15) | (17) | (19) | (22) | (25) |
| EBIT | 98 | 125 | 134 | 169 | 193 | 220 | 251 | 286 | 326 |
| less tax on EBIT | (44) | (50) | (57) | (65) | (74) | (84) | |||
| NOPAT | 125 | 143 | 163 | 186 | 212 | 242 | |||
| add depreciation | 10 | 12 | 13 | 13 | 15 | 17 | 19 | 22 | 25 |
| less capex | (7) | (2) | (4) | (4) | (5) | (9) | (15) | (22) | (30) |
| less working-capital build | — | (21) | (24) | (28) | (32) | (36) | |||
| Free cash flow to firm | 77 | 115 | 107 | — | 132 | 147 | 163 | 181 | 200 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 125 | 125 | 126 | 125 | 125 |
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 29, dividends at 8.2% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 169 | 193 | 220 | 251 | 286 | 326 |
| Interest at 8% on debt | (2) | (2) | (2) | (2) | (2) | |
| Profit before tax | 191 | 218 | 248 | 283 | 323 | |
| Profit after tax | 133 | 141 | 161 | 184 | 210 | 240 |
| Dividends | (11) | (12) | (13) | (15) | (17) | (20) |
| Balance sheet, year end | ||||||
| Cash | 119 | 238 | 369 | 515 | 677 | 856 |
| Working capital | 153 | 175 | 199 | 227 | 259 | 295 |
| Net block and other assets | 805 | 795 | 787 | 782 | 781 | 786 |
| Debt | 29 | 29 | 29 | 29 | 29 | 29 |
| Equity | 779 | 909 | 1,057 | 1,226 | 1,419 | 1,640 |
| Balance check | 0 | (0) | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 135 | 154 | 176 | 201 | 229 | |
| Investing (capex) | (5) | (9) | (15) | (22) | (30) | |
| Financing (dividends) | (12) | (13) | (15) | (17) | (20) | |
| Net change in cash | 119 | 132 | 146 | 162 | 179 | |
| Free cash flow to equity | 130 | 145 | 161 | 179 | 199 | |
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 | 14% | 18.1% | 11.00% | 5% | ₹211 | 44.7% |
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.