Models
SANRHEA TECHNICAL TEXTILES LTDBSE 514280Textiles & Apparels
₹167per 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₹167implied FY26 P/E 16.5× · EV/EBITDA 8.6×
Against CMP ₹159.80+4.3%close of 2026-09-10
Growth the CMP implies(1.1)%revenue, a year for 5 years, on your other inputs
Value after FY3172%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
₹131₹237
52-week rangetraded range, a fact not a value
₹98₹179
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 27 |
| PV of terminal value | 68 |
| Enterprise value | 95 |
| less net debt | 0 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 95 |
| ÷ 0.57 crore shares | ₹167 |
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% | 172 | 184 | 198 | 216 | 237 |
| 10.50% | 159 | 169 | 181 | 195 | 212 |
| 11.00% | 149 | 157 | 167 | 178 | 192 |
| 11.50% | 139 | 146 | 154 | 164 | 175 |
| 12.00% | 131 | 137 | 144 | 152 | 162 |
The outlined cell is your model. Green figures sit above the CMP of ₹159.80; 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 | 134 · 165 · 202 |
| Draws below the CMP | 41% |
| Rank correlation with ebitda margin | +0.82 |
| Rank correlation with discount rate | −0.53 |
| 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 | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 63 | 68 | 75 | 80 | 86 | 93 | 100 | 107 | 115 |
| growth % | (8.3) | 8.7 | 10.1 | 7.4 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 |
| EBITDA | 5 | 9 | 9 | 11 | 12 | 13 | 14 | 15 | 16 |
| margin % | 8.5 | 12.5 | 12.6 | 13.7 | 13.7 | 13.7 | 13.7 | 13.7 | 13.7 |
| less depreciation | (1) | (1) | (2) | (2) | (2) | (3) | (3) | (3) | (3) |
| EBIT | 4 | 7 | 8 | 9 | 10 | 10 | 11 | 12 | 13 |
| less tax on EBIT | (2) | (2) | (3) | (3) | (3) | (3) | |||
| NOPAT | 7 | 7 | 8 | 8 | 9 | 9 | |||
| add depreciation | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| less capex | (1) | (0) | (5) | (1) | (1) | (1) | (2) | (3) | (4) |
| less working-capital build | — | (2) | (2) | (2) | (2) | (2) | |||
| Free cash flow to firm | 3 | 1 | (6) | — | 7 | 7 | 7 | 7 | 7 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 7 | 6 | 5 | 5 | 4 |
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 4, dividends at 15% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 9 | 10 | 10 | 11 | 12 | 13 |
| Interest at 14.2% on debt | (1) | (1) | (1) | (1) | (1) | |
| Profit before tax | 9 | 10 | 10 | 11 | 12 | |
| Profit after tax | 6 | 7 | 7 | 8 | 8 | 9 |
| Dividends | (1) | (1) | (1) | (1) | (1) | (1) |
| Balance sheet, year end | ||||||
| Cash | 4 | 9 | 15 | 20 | 25 | 30 |
| Working capital | 22 | 24 | 26 | 28 | 30 | 32 |
| Net block and other assets | 18 | 17 | 15 | 15 | 15 | 15 |
| Debt | 4 | 4 | 4 | 4 | 4 | 4 |
| Equity | 34 | 39 | 45 | 52 | 59 | 67 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 7 | 8 | 8 | 9 | 10 | |
| Investing (capex) | (1) | (1) | (2) | (3) | (4) | |
| Financing (dividends) | (1) | (1) | (1) | (1) | (1) | |
| Net change in cash | 6 | 5 | 5 | 5 | 5 | |
| Free cash flow to equity | 7 | 7 | 6 | 6 | 6 | |
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 | 7.5% | 13.7% | 11.00% | 5% | ₹167 | 4.3% |
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.