Models
SIGNATUREGLOBAL INDIA LTDSIGNATURERealty
₹804per 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₹804implied FY26 P/E 10.8× · EV/EBITDA 9.8×
Against CMP ₹756.00+6.4%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
₹617₹1,177
52-week rangetraded range, a fact not a value
₹705₹1,158
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 3,078 |
| PV of terminal value | 8,862 |
| Enterprise value | 11,940 |
| less net debt | (624) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 11,316 |
| ÷ 14.07 crore shares | ₹804 |
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% | 832 | 895 | 970 | 1,062 | 1,177 |
| 10.50% | 766 | 818 | 880 | 954 | 1,044 |
| 11.00% | 709 | 753 | 804 | 865 | 937 |
| 11.50% | 660 | 698 | 741 | 791 | 850 |
| 12.00% | 617 | 649 | 686 | 728 | 778 |
The outlined cell is your model. Green figures sit above the CMP of ₹756.00; 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 | 644 · 799 · 977 |
| Draws below the CMP | 36% |
| Rank correlation with ebitda margin | +0.73 |
| Rank correlation with discount rate | −0.58 |
| 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 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,241 | 2,498 | 2,596 | 2,700 | 2,808 | 2,920 | 3,037 | 3,158 |
| growth % | — | 101.4 | 3.9 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 |
| EBITDA | (28) | 44 | 1,219 | 1,269 | 1,320 | 1,372 | 1,427 | 1,484 |
| margin % | (2.2) | 1.8 | 47.0 | 47.0 | 47.0 | 47.0 | 47.0 | 47.0 |
| less depreciation | (22) | (27) | (32) | (32) | (34) | (35) | (36) | (38) |
| EBIT | (49) | 17 | 1,187 | 1,236 | 1,286 | 1,337 | 1,391 | 1,446 |
| less tax on EBIT | (195) | (203) | (211) | (219) | (228) | (237) | ||
| NOPAT | 993 | 1,034 | 1,075 | 1,118 | 1,163 | 1,209 | ||
| add depreciation | 22 | 27 | 32 | 32 | 34 | 35 | 36 | 38 |
| less capex | (36) | (45) | (26) | (27) | (31) | (36) | (40) | (45) |
| less working-capital build | — | (298) | (310) | (322) | (335) | (348) | ||
| Free cash flow to firm | 57 | 456 | — | 741 | 768 | 795 | 824 | 853 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |||
| Present value | 704 | 657 | 613 | 572 | 534 |
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 2,941, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 1,187 | 1,236 | 1,286 | 1,337 | 1,391 | 1,446 |
| Interest at 2.3% on debt | (68) | (68) | (68) | (68) | (68) | |
| Profit before tax | 1,169 | 1,218 | 1,270 | 1,323 | 1,379 | |
| Profit after tax | 1,095 | 977 | 1,018 | 1,061 | 1,106 | 1,153 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 2,317 | 3,002 | 3,713 | 4,452 | 5,219 | 6,016 |
| Working capital | 7,444 | 7,742 | 8,052 | 8,374 | 8,709 | 9,057 |
| Net block and other assets | 7,494 | 7,489 | 7,486 | 7,487 | 7,491 | 7,498 |
| Debt | 2,941 | 2,941 | 2,941 | 2,941 | 2,941 | 2,941 |
| Equity | 1,850 | 2,827 | 3,845 | 4,907 | 6,013 | 7,166 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 712 | 742 | 774 | 808 | 842 | |
| Investing (capex) | (27) | (31) | (36) | (40) | (45) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 685 | 711 | 739 | 767 | 797 | |
| Free cash flow to equity | 685 | 711 | 739 | 767 | 797 | |
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 | 4% | 47% | 11.00% | 5% | ₹804 | 6.4% |
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.