Models
SIEMENS ENERGY INDIA LTDENRINElectrical Equipment
₹404per 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₹404implied FY26 P/E 9.7× · EV/EBITDA 15.6×
Against CMP ₹3,178.30−87.3%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3181%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
₹309₹594
52-week rangetraded range, a fact not a value
₹2,115₹3,968
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 2,643 |
| PV of terminal value | 11,466 |
| Enterprise value | 14,108 |
| less net debt | 272 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 14,380 |
| ÷ 35.60 crore shares | ₹404 |
81% of the value sits after FY31. Usual when return on capital sits near the cost of capital; the 5 explicit years carry little of it.
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% | 418 | 450 | 488 | 535 | 594 |
| 10.50% | 384 | 411 | 442 | 480 | 526 |
| 11.00% | 355 | 378 | 404 | 435 | 472 |
| 11.50% | 330 | 350 | 372 | 397 | 428 |
| 12.00% | 309 | 325 | 344 | 366 | 391 |
The outlined cell is your model. Green figures sit above the CMP of ₹3,178.30; 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 | 306 · 396 · 509 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.79 |
| Rank correlation with discount rate | −0.48 |
| Rank correlation with revenue growth | +0.28 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,396 | 4,305 | 5,467 | 6,944 | 8,818 | 11,199 | 14,223 |
| growth % | — | 26.8 | 27.0 | 27.0 | 27.0 | 27.0 | 27.0 |
| EBITDA | 694 | 907 | 1,154 | 1,465 | 1,861 | 2,363 | 3,001 |
| margin % | 20.4 | 21.1 | 21.1 | 21.1 | 21.1 | 21.1 | 21.1 |
| less depreciation | (45) | (67) | (87) | (111) | (141) | (179) | (228) |
| EBIT | 649 | 840 | 1,066 | 1,354 | 1,720 | 2,184 | 2,773 |
| less tax on EBIT | (213) | (270) | (343) | (435) | (553) | (702) | |
| NOPAT | 628 | 796 | 1,011 | 1,285 | 1,631 | 2,072 | |
| add depreciation | 45 | 67 | 87 | 111 | 141 | 179 | 228 |
| less capex | (92) | (94) | (120) | (148) | (182) | (223) | (273) |
| less working-capital build | — | (355) | (450) | (572) | (726) | (922) | |
| Free cash flow to firm | 96 | — | 409 | 524 | 672 | 861 | 1,104 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 388 | 448 | 518 | 598 | 690 |
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 0, dividends at 20.7% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 840 | 1,066 | 1,354 | 1,720 | 2,184 | 2,773 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 1,066 | 1,354 | 1,720 | 2,184 | 2,773 | |
| Profit after tax | 688 | 796 | 1,011 | 1,285 | 1,631 | 2,072 |
| Dividends | (142) | (165) | (209) | (266) | (338) | (429) |
| Balance sheet, year end | ||||||
| Cash | 272 | 516 | 831 | 1,237 | 1,761 | 2,436 |
| Working capital | 1,312 | 1,666 | 2,116 | 2,688 | 3,414 | 4,337 |
| Net block and other assets | 8,634 | 8,667 | 8,704 | 8,744 | 8,788 | 8,834 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 4,812 | 5,443 | 6,245 | 7,264 | 8,558 | 10,201 |
| Balance check | 0 | (0) | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 529 | 672 | 854 | 1,084 | 1,377 | |
| Investing (capex) | (120) | (148) | (182) | (223) | (273) | |
| Financing (dividends) | (165) | (209) | (266) | (338) | (429) | |
| Net change in cash | 244 | 315 | 406 | 524 | 675 | |
| Free cash flow to equity | 409 | 524 | 672 | 861 | 1,104 | |
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 | 27% | 21.1% | 11.00% | 5% | ₹404 | (87.3)% |
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.