Models
SHEELA FOAM LIMITEDSFLConsumer Durables
₹142per 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₹142implied FY26 P/E 7.2× · EV/EBITDA 6.0×
Against CMP ₹691.65−79.5%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3170%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
₹96₹234
52-week rangetraded range, a fact not a value
₹457₹832
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 734 |
| PV of terminal value | 1,690 |
| Enterprise value | 2,424 |
| less net debt | (875) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 1,549 |
| ÷ 10.92 crore shares | ₹142 |
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% | 149 | 164 | 183 | 205 | 234 |
| 10.50% | 133 | 145 | 160 | 179 | 201 |
| 11.00% | 118 | 129 | 142 | 157 | 175 |
| 11.50% | 106 | 116 | 126 | 138 | 153 |
| 12.00% | 96 | 104 | 113 | 123 | 135 |
The outlined cell is your model. Green figures sit above the CMP of ₹691.65; 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 | 73 · 140 · 213 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.92 |
| Rank correlation with discount rate | −0.33 |
| Rank correlation with revenue growth | +0.06 |
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 | 2,873 | 2,982 | 3,439 | 3,821 | 4,241 | 4,708 | 5,225 | 5,800 | 6,438 |
| growth % | (3.6) | 3.8 | 15.3 | 11.1 | 11.0 | 11.0 | 11.0 | 11.0 | 11.0 |
| EBITDA | 297 | 323 | 281 | 401 | 445 | 494 | 549 | 609 | 676 |
| margin % | 10.3 | 10.8 | 8.2 | 10.5 | 10.5 | 10.5 | 10.5 | 10.5 | 10.5 |
| less depreciation | (90) | (116) | (183) | (179) | (199) | (221) | (246) | (273) | (303) |
| EBIT | 208 | 207 | 98 | 223 | 246 | 273 | 303 | 336 | 373 |
| less tax on EBIT | (52) | (57) | (64) | (71) | (78) | (87) | |||
| NOPAT | 171 | 189 | 209 | 232 | 258 | 286 | |||
| add depreciation | 90 | 116 | 183 | 179 | 199 | 221 | 246 | 273 | 303 |
| less capex | (212) | (705) | (119) | (131) | (144) | (186) | (236) | (295) | (363) |
| less working-capital build | — | (42) | (46) | (51) | (57) | (63) | |||
| Free cash flow to firm | 0 | (649) | 133 | — | 202 | 198 | 191 | 179 | 163 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 192 | 169 | 147 | 124 | 102 |
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 908, dividends at 0.2% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 223 | 246 | 273 | 303 | 336 | 373 |
| Interest at 8% on debt | (73) | (73) | (73) | (73) | (73) | |
| Profit before tax | 173 | 200 | 230 | 264 | 301 | |
| Profit after tax | 160 | 133 | 154 | 177 | 202 | 231 |
| Dividends | (0) | (0) | (0) | (0) | (0) | (0) |
| Balance sheet, year end | ||||||
| Cash | 33 | 179 | 321 | 456 | 579 | 685 |
| Working capital | 378 | 420 | 466 | 517 | 574 | 637 |
| Net block and other assets | 4,706 | 4,651 | 4,616 | 4,606 | 4,628 | 4,689 |
| Debt | 908 | 908 | 908 | 908 | 908 | 908 |
| Equity | 3,260 | 3,393 | 3,546 | 3,723 | 3,925 | 4,155 |
| Balance check | 0 | (0) | (0) | 0 | 0 | (0) |
| Cash flow | ||||||
| From operations | 291 | 329 | 371 | 418 | 470 | |
| Investing (capex) | (144) | (186) | (236) | (295) | (363) | |
| Financing (dividends) | (0) | (0) | (0) | (0) | (0) | |
| Net change in cash | 146 | 142 | 135 | 123 | 107 | |
| Free cash flow to equity | 146 | 142 | 135 | 123 | 107 | |
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 | 11% | 10.5% | 11.00% | 5% | ₹142 | (79.5)% |
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.