Models
SHALIMAR WIRES INDUSTRIES LTD.BSE 532455Textiles & Apparels
₹44per 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₹44implied FY26 P/E 32.2× · EV/EBITDA 9.6×
Against CMP ₹18.61+137.3%close of 2026-09-10
Growth the CMP implies(17.7)%revenue, a year for 5 years, on your other inputs
Value after FY3167%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
₹31₹70
52-week rangetraded range, a fact not a value
₹15₹25
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 94 |
| PV of terminal value | 186 |
| Enterprise value | 280 |
| less net debt | (91) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 189 |
| ÷ 4.28 crore shares | ₹44 |
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% | 46 | 50 | 56 | 62 | 70 |
| 10.50% | 42 | 45 | 49 | 55 | 61 |
| 11.00% | 38 | 41 | 44 | 48 | 53 |
| 11.50% | 34 | 37 | 40 | 43 | 47 |
| 12.00% | 31 | 33 | 36 | 39 | 42 |
The outlined cell is your model. Green figures sit above the CMP of ₹18.61; 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 | 29 · 44 · 60 |
| Draws below the CMP | 0% |
| Rank correlation with ebitda margin | +0.88 |
| Rank correlation with discount rate | −0.42 |
| Rank correlation with revenue growth | +0.09 |
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 | 121 | 129 | 132 | 142 | 154 | 166 | 179 | 193 | 209 |
| growth % | 24.3 | 6.4 | 2.7 | 7.8 | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 28 | 22 | 25 | 29 | 31 | 34 | 37 | 39 | 43 |
| margin % | 23.6 | 17.3 | 19.3 | 20.4 | 20.4 | 20.4 | 20.4 | 20.4 | 20.4 |
| less depreciation | (10) | (13) | (13) | (12) | (12) | (13) | (15) | (16) | (17) |
| EBIT | 19 | 9 | 13 | 18 | 19 | 20 | 22 | 24 | 26 |
| less tax on EBIT | 0 | 0 | 0 | 0 | 0 | 0 | |||
| NOPAT | 18 | 19 | 20 | 22 | 24 | 26 | |||
| add depreciation | 10 | 13 | 13 | 12 | 12 | 13 | 15 | 16 | 17 |
| less capex | (3) | (9) | 0 | 0 | 0 | (4) | (9) | (14) | (20) |
| less working-capital build | — | (3) | (3) | (4) | (4) | (4) | |||
| Free cash flow to firm | 15 | 16 | 47 | — | 28 | 26 | 24 | 21 | 18 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 27 | 23 | 19 | 15 | 11 |
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 91, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 18 | 19 | 20 | 22 | 24 | 26 |
| Interest at 15.7% on debt | (14) | (14) | (14) | (14) | (14) | |
| Profit before tax | 5 | 6 | 8 | 9 | 11 | |
| Profit after tax | 6 | 5 | 6 | 8 | 9 | 11 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 1 | 15 | 27 | 36 | 43 | 47 |
| Working capital | 40 | 44 | 47 | 51 | 55 | 59 |
| Net block and other assets | 168 | 156 | 147 | 141 | 139 | 143 |
| Debt | 91 | 91 | 91 | 91 | 91 | 91 |
| Equity | 43 | 48 | 54 | 61 | 71 | 82 |
| Balance check | 0 | (0) | (0) | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 14 | 16 | 18 | 21 | 24 | |
| Investing (capex) | 0 | (4) | (9) | (14) | (20) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 14 | 12 | 10 | 7 | 4 | |
| Free cash flow to equity | 14 | 12 | 10 | 7 | 4 | |
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 | 8% | 20.4% | 11.00% | 5% | ₹44 | 137.3% |
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.