Models
SBFC FINANCE LIMITEDSBFCFinance
₹24per 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₹24implied P/B 0.84× on FY25 book
Against CMP ₹98.29−75.3%close of 2026-09-10
Cost of equity11.66%risk-free + beta × equity risk premium
Book equity, FY25₹29per share · excess returns add ₹(5)
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 |
|---|---|---|---|---|---|
| Opening book equity | 3,190 | 3,535 | 3,916 | 4,339 | 4,808 |
| Net income at 10.8% ROE | 345 | 382 | 423 | 469 | 519 |
| Cost of equity charge at 11.66% | (372) | (412) | (457) | (506) | (561) |
| Excess return | (27) | (30) | (34) | (37) | (41) |
| Present value | (26) | (26) | (26) | (25) | (25) |
| Closing book equity | 3,535 | 3,916 | 4,339 | 4,808 | 5,327 |
| Book equity today | 3,190 |
| PV of 5 years of excess return | (128) |
| PV of the terminal excess return, 5% flat | (375) |
| add non-operating investments | 0 |
| Equity value | 2,687 |
| ÷ 110.66 crore shares | ₹24 |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹80₹123
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 10.8% | — | 11.66% | 5% | ₹24 | (75.3)% |
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.