Models
SATHLOKHAR SYN E&C GLOB LSSEGL
₹1,161per 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₹1,161implied FY26 P/E 29.3× · EV/EBITDA 27.1×
Against CMP ₹427.50+171.6%close of 2026-09-10
Growth the CMP implies(0.1)%revenue, a year for 5 years, on your other inputs
Value after FY3182%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
₹873₹1,737
52-week rangetraded range, a fact not a value
₹283₹580
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 568 |
| PV of terminal value | 2,535 |
| Enterprise value | 3,102 |
| less net debt | (86) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 3,016 |
| ÷ 2.60 crore shares | ₹1,161 |
82% 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% | 1,202 | 1,299 | 1,416 | 1,559 | 1,737 |
| 10.50% | 1,101 | 1,181 | 1,277 | 1,391 | 1,531 |
| 11.00% | 1,014 | 1,082 | 1,161 | 1,255 | 1,367 |
| 11.50% | 939 | 997 | 1,063 | 1,141 | 1,233 |
| 12.00% | 873 | 923 | 980 | 1,045 | 1,122 |
The outlined cell is your model. Green figures sit above the CMP of ₹427.50; 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 | 864 · 1,151 · 1,527 |
| Draws below the CMP | 0% |
| Rank correlation with revenue growth | +0.75 |
| Rank correlation with discount rate | −0.45 |
| Rank correlation with ebitda margin | +0.43 |
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 | 399 | 820 | 1,066 | 1,386 | 1,802 | 2,343 | 3,046 |
| growth % | — | 105.4 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | — | 114 | 148 | 193 | 250 | 326 | 423 |
| margin % | — | 13.9 | 13.9 | 13.9 | 13.9 | 13.9 | 13.9 |
| less depreciation | — | (1) | (1) | (1) | (2) | (2) | (3) |
| EBIT | — | 113 | 147 | 191 | 249 | 323 | 420 |
| less tax on EBIT | (29) | (37) | (49) | (63) | (82) | (107) | |
| NOPAT | 85 | 110 | 143 | 186 | 241 | 314 | |
| add depreciation | — | 1 | 1 | 1 | 2 | 2 | 3 |
| less capex | (6) | (1) | (2) | (2) | (3) | (3) | (4) |
| less working-capital build | — | (24) | (31) | (41) | (53) | (69) | |
| Free cash flow to firm | (97) | — | 85 | 110 | 144 | 187 | 244 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 80 | 94 | 111 | 130 | 153 |
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 90, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 113 | 147 | 191 | 249 | 323 | 420 |
| Interest at 7% on debt | (6) | (6) | (6) | (6) | (6) | |
| Profit before tax | 141 | 185 | 242 | 317 | 414 | |
| Profit after tax | 82 | 105 | 138 | 181 | 237 | 309 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 3 | 83 | 189 | 328 | 511 | 750 |
| Working capital | 80 | 104 | 135 | 176 | 229 | 298 |
| Net block and other assets | 588 | 589 | 590 | 591 | 592 | 593 |
| Debt | 90 | 90 | 90 | 90 | 90 | 90 |
| Equity | 359 | 464 | 602 | 783 | 1,019 | 1,328 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 82 | 108 | 142 | 186 | 243 | |
| Investing (capex) | (2) | (2) | (3) | (3) | (4) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 80 | 106 | 139 | 183 | 239 | |
| Free cash flow to equity | 80 | 106 | 139 | 183 | 239 | |
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 | 30% | 13.9% | 11.00% | 5% | ₹1,161 | 171.6% |
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.