Models
SARASWATI SAREE DEPOT LTDSSDLTextiles & Apparels
₹87per 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₹87implied FY26 P/E 14.5× · EV/EBITDA 8.3×
Against CMP ₹62.25+39.5%close of 2026-09-10
Growth the CMP implies(20.0)%revenue, a year for 5 years, on your other inputs
Value after FY3171%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
₹72₹116
52-week rangetraded range, a fact not a value
₹46₹92
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 80 |
| PV of terminal value | 194 |
| Enterprise value | 274 |
| less net debt | 70 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 344 |
| ÷ 3.96 crore shares | ₹87 |
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% | 89 | 94 | 100 | 107 | 116 |
| 10.50% | 84 | 88 | 93 | 99 | 106 |
| 11.00% | 79 | 83 | 87 | 92 | 97 |
| 11.50% | 76 | 79 | 82 | 86 | 90 |
| 12.00% | 72 | 75 | 78 | 81 | 85 |
The outlined cell is your model. Green figures sit above the CMP of ₹62.25; 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 | 75 · 86 · 100 |
| Draws below the CMP | 0% |
| Rank correlation with ebitda margin | +0.77 |
| Rank correlation with discount rate | −0.59 |
| Rank correlation with revenue growth | −0.08 |
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 | 614 | 631 | 650 | 670 | 690 | 710 | 732 |
| growth % | — | 2.9 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 |
| EBITDA | 43 | 33 | 34 | 35 | 36 | 37 | 38 |
| margin % | 7.0 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 |
| less depreciation | (5) | (6) | (6) | (6) | (6) | (6) | (7) |
| EBIT | 38 | 27 | 28 | 29 | 30 | 31 | 31 |
| less tax on EBIT | (7) | (7) | (7) | (7) | (8) | (8) | |
| NOPAT | 21 | 21 | 22 | 22 | 23 | 24 | |
| add depreciation | 5 | 6 | 6 | 6 | 6 | 6 | 7 |
| less capex | 0 | (2) | (2) | (3) | (5) | (6) | (8) |
| less working-capital build | — | (3) | (3) | (3) | (3) | (4) | |
| Free cash flow to firm | 2 | — | 22 | 21 | 20 | 20 | 19 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 21 | 18 | 16 | 14 | 12 |
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 0, dividends at 25.2% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 27 | 28 | 29 | 30 | 31 | 31 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 28 | 29 | 30 | 31 | 31 | |
| Profit after tax | 23 | 21 | 22 | 22 | 23 | 24 |
| Dividends | (6) | (5) | (5) | (6) | (6) | (6) |
| Balance sheet, year end | ||||||
| Cash | 70 | 86 | 102 | 117 | 130 | 143 |
| Working capital | 105 | 108 | 112 | 115 | 119 | 122 |
| Net block and other assets | 112 | 108 | 105 | 104 | 104 | 105 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 195 | 210 | 226 | 243 | 260 | 278 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 24 | 24 | 25 | 26 | 27 | |
| Investing (capex) | (2) | (3) | (5) | (6) | (8) | |
| Financing (dividends) | (5) | (5) | (6) | (6) | (6) | |
| Net change in cash | 16 | 16 | 15 | 14 | 13 | |
| Free cash flow to equity | 22 | 21 | 20 | 20 | 19 | |
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 | 3% | 5.2% | 11.00% | 5% | ₹87 | 39.5% |
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.