Models
SJS ENTERPRISES LIMITEDSJSAuto Components
₹1,315per 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₹1,315implied FY26 P/E 19.9× · EV/EBITDA 15.5×
Against CMP ₹2,359.00−44.3%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3182%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
₹998₹1,947
52-week rangetraded range, a fact not a value
₹1,372₹2,590
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 760 |
| PV of terminal value | 3,431 |
| Enterprise value | 4,190 |
| less net debt | 17 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,207 |
| ÷ 3.20 crore shares | ₹1,315 |
82% 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% | 1,360 | 1,467 | 1,595 | 1,751 | 1,947 |
| 10.50% | 1,248 | 1,337 | 1,442 | 1,568 | 1,722 |
| 11.00% | 1,153 | 1,227 | 1,315 | 1,418 | 1,541 |
| 11.50% | 1,070 | 1,134 | 1,207 | 1,293 | 1,394 |
| 12.00% | 998 | 1,053 | 1,115 | 1,187 | 1,271 |
The outlined cell is your model. Green figures sit above the CMP of ₹2,359.00; 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 | 986 · 1,294 · 1,705 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.68 |
| Rank correlation with revenue growth | +0.52 |
| Rank correlation with discount rate | −0.45 |
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 | 433 | 628 | 760 | 955 | 1,199 | 1,504 | 1,888 | 2,369 | 2,973 |
| growth % | 17.1 | 45.0 | 21.1 | 25.6 | 25.5 | 25.5 | 25.5 | 25.5 | 25.5 |
| EBITDA | 107 | 152 | 195 | 270 | 339 | 426 | 534 | 670 | 841 |
| margin % | 24.6 | 24.2 | 25.7 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 |
| less depreciation | (23) | (39) | (45) | (54) | (68) | (86) | (108) | (135) | (169) |
| EBIT | 83 | 113 | 151 | 216 | 271 | 340 | 427 | 535 | 672 |
| less tax on EBIT | (55) | (69) | (86) | (108) | (135) | (170) | |||
| NOPAT | 162 | 202 | 254 | 319 | 400 | 502 | |||
| add depreciation | 23 | 39 | 45 | 54 | 68 | 86 | 108 | 135 | 169 |
| less capex | (30) | (30) | (37) | (83) | (104) | (124) | (147) | (173) | (203) |
| less working-capital build | — | (56) | (70) | (87) | (110) | (138) | |||
| Free cash flow to firm | 57 | 79 | 126 | — | 111 | 146 | 192 | 252 | 330 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 105 | 125 | 148 | 175 | 207 |
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 8, dividends at 4.6% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 216 | 271 | 340 | 427 | 535 | 672 |
| Interest at 8% on debt | (1) | (1) | (1) | (1) | (1) | |
| Profit before tax | 270 | 339 | 426 | 535 | 671 | |
| Profit after tax | 171 | 202 | 253 | 318 | 400 | 502 |
| Dividends | (8) | (9) | (12) | (15) | (18) | (23) |
| Balance sheet, year end | ||||||
| Cash | 25 | 126 | 260 | 437 | 671 | 977 |
| Working capital | 218 | 274 | 343 | 431 | 541 | 678 |
| Net block and other assets | 869 | 905 | 943 | 982 | 1,020 | 1,054 |
| Debt | 8 | 8 | 8 | 8 | 8 | 8 |
| Equity | 881 | 1,074 | 1,315 | 1,619 | 2,000 | 2,479 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 215 | 270 | 338 | 425 | 533 | |
| Investing (capex) | (104) | (124) | (147) | (173) | (203) | |
| Financing (dividends) | (9) | (12) | (15) | (18) | (23) | |
| Net change in cash | 101 | 134 | 177 | 233 | 307 | |
| Free cash flow to equity | 110 | 146 | 192 | 252 | 330 | |
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 | 25.5% | 28.3% | 11.00% | 5% | ₹1,315 | (44.3)% |
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.