₹213per share · Base Model Note
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₹213implied P/B 8.43× on FY23 book
Against CMP ₹74.49+185.7%close of 28 Oct 2026
Cost of equity5.81%risk-free + beta × equity risk premium
Book equity, FY23₹25per share · excess returns add ₹188
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 | FY24 | FY25 | FY26 | FY27 | FY28 |
|---|---|---|---|---|---|
| Opening book equity | 78 | 86 | 96 | 106 | 117 |
| Net income at 10.7% ROE | 8 | 9 | 10 | 11 | 13 |
| Cost of equity charge at 5.81% | (5) | (5) | (6) | (6) | (7) |
| Excess return | 4 | 4 | 5 | 5 | 6 |
| Present value | 4 | 4 | 4 | 4 | 4 |
| Closing book equity | 86 | 96 | 106 | 117 | 130 |
| Book equity today | 78 |
| PV of 5 years of excess return | 20 |
| PV of the terminal excess return, 5% flat | 559 |
| add non-operating investments | 0 |
| Equity value | 657 |
| ÷ 3.09 crore shares | ₹213 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹67₹92
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 10.7% | — | 5.81% | 5% | ₹213 | 185.7% |
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.