Models
SHREEJI SHIPPING GLOBAL LSHREEJISPGTransport Services
₹151per 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₹151implied FY26 P/E 15.1× · EV/EBITDA 12.7×
Against CMP ₹689.60−78.2%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3174%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
₹114₹223
52-week rangetraded range, a fact not a value
₹222₹722
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 714 |
| PV of terminal value | 1,996 |
| Enterprise value | 2,709 |
| less net debt | (255) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,454 |
| ÷ 16.29 crore shares | ₹151 |
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% | 156 | 168 | 183 | 201 | 223 |
| 10.50% | 143 | 153 | 165 | 180 | 197 |
| 11.00% | 132 | 141 | 151 | 162 | 177 |
| 11.50% | 123 | 130 | 138 | 148 | 160 |
| 12.00% | 114 | 121 | 128 | 136 | 145 |
The outlined cell is your model. Green figures sit above the CMP of ₹689.60; 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 | 123 · 150 · 183 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.65 |
| Rank correlation with discount rate | −0.64 |
| Rank correlation with revenue growth | +0.34 |
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 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 709 | 766 | 827 | 894 | 965 | 1,042 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 213 | 231 | 249 | 269 | 290 | 314 |
| margin % | 30.1 | 30.1 | 30.1 | 30.1 | 30.1 | 30.1 |
| less depreciation | (26) | (28) | (31) | (33) | (36) | (39) |
| EBIT | 187 | 202 | 218 | 236 | 255 | 275 |
| less tax on EBIT | (42) | (46) | (50) | (54) | (58) | (62) |
| NOPAT | 145 | 156 | 169 | 182 | 197 | 213 |
| add depreciation | 26 | 28 | 31 | 33 | 36 | 39 |
| less capex | 0 | 0 | (9) | (20) | (32) | (46) |
| less working-capital build | — | (9) | (10) | (11) | (12) | (13) |
| Free cash flow to firm | — | 175 | 180 | 185 | 189 | 192 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | 166 | 154 | 142 | 131 | 120 |
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 263, dividends at 10.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 187 | 202 | 218 | 236 | 255 | 275 |
| Interest at 7.4% on debt | (19) | (19) | (19) | (19) | (19) | |
| Profit before tax | 183 | 199 | 216 | 235 | 256 | |
| Profit after tax | 153 | 141 | 154 | 167 | 182 | 198 |
| Dividends | (16) | (15) | (16) | (18) | (19) | (21) |
| Balance sheet, year end | ||||||
| Cash | 8 | 153 | 302 | 454 | 608 | 764 |
| Working capital | 118 | 127 | 137 | 148 | 160 | 173 |
| Net block and other assets | 1,095 | 1,066 | 1,045 | 1,032 | 1,028 | 1,036 |
| Debt | 263 | 263 | 263 | 263 | 263 | 263 |
| Equity | 769 | 895 | 1,032 | 1,182 | 1,344 | 1,521 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 160 | 174 | 189 | 206 | 223 | |
| Investing (capex) | 0 | (9) | (20) | (32) | (46) | |
| Financing (dividends) | (15) | (16) | (18) | (19) | (21) | |
| Net change in cash | 145 | 149 | 152 | 154 | 156 | |
| Free cash flow to equity | 160 | 165 | 170 | 174 | 177 | |
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% | 30.1% | 11.00% | 5% | ₹151 | (78.2)% |
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.