Models
SKY GOLD AND DIAMONDS LTDSKYGOLDConsumer Durables
₹-12per 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₹(12)implied FY26 P/E (0.6)× · EV/EBITDA 1.5×
Against CMP ₹827.90−101.5%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31117%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
₹(27)₹17
52-week rangetraded range, a fact not a value
₹259₹869
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (114) |
| PV of terminal value | 783 |
| Enterprise value | 669 |
| less net debt | (861) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (192) |
| ÷ 15.49 crore shares | ₹(12) |
117% 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% | (11) | (5) | 1 | 8 | 17 |
| 10.50% | (16) | (11) | (7) | (1) | 7 |
| 11.00% | (20) | (16) | (12) | (8) | (2) |
| 11.50% | (24) | (21) | (17) | (13) | (8) |
| 12.00% | (27) | (24) | (22) | (18) | (14) |
The outlined cell is your model. Green figures sit above the CMP of ₹827.90; 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 | (240) · (13) · 135 |
| Draws below the CMP | 100% |
| Rank correlation with revenue growth | −0.84 |
| Rank correlation with ebitda margin | +0.53 |
| Rank correlation with discount rate | −0.04 |
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 | 1,154 | 1,745 | 3,548 | 6,295 | 8,183 | 10,638 | 13,830 | 17,979 | 23,372 |
| growth % | — | 51.3 | 103.3 | 77.4 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 36 | 77 | 196 | 434 | 565 | 734 | 954 | 1,241 | 1,613 |
| margin % | 3.1 | 4.4 | 5.5 | 6.9 | 6.9 | 6.9 | 6.9 | 6.9 | 6.9 |
| less depreciation | (1) | (6) | (11) | (13) | (16) | (21) | (28) | (36) | (47) |
| EBIT | 35 | 71 | 186 | 422 | 548 | 713 | 927 | 1,205 | 1,566 |
| less tax on EBIT | (108) | (141) | (183) | (238) | (310) | (402) | |||
| NOPAT | 313 | 407 | 530 | 688 | 895 | 1,164 | |||
| add depreciation | 1 | 6 | 11 | 13 | 16 | 21 | 28 | 36 | 47 |
| less capex | (2) | (20) | 0 | (95) | (123) | (126) | (120) | (100) | (56) |
| less working-capital build | — | (378) | (491) | (638) | (830) | (1,079) | |||
| Free cash flow to firm | (9) | (158) | (273) | — | (77) | (66) | (42) | 1 | 75 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (73) | (57) | (33) | 1 | 47 |
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 869, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 422 | 548 | 713 | 927 | 1,205 | 1,566 |
| Interest at 10.5% on debt | (91) | (91) | (91) | (91) | (91) | |
| Profit before tax | 457 | 622 | 835 | 1,113 | 1,475 | |
| Profit after tax | 275 | 340 | 462 | 621 | 827 | 1,096 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 8 | (137) | (271) | (381) | (447) | (440) |
| Working capital | 1,257 | 1,635 | 2,126 | 2,764 | 3,594 | 4,673 |
| Net block and other assets | 930 | 1,036 | 1,141 | 1,234 | 1,298 | 1,307 |
| Debt | 869 | 869 | 869 | 869 | 869 | 869 |
| Equity | 1,206 | 1,545 | 2,007 | 2,628 | 3,455 | 4,551 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | (22) | (8) | 10 | 33 | 64 | |
| Investing (capex) | (123) | (126) | (120) | (100) | (56) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (145) | (134) | (110) | (66) | 8 | |
| Free cash flow to equity | (145) | (134) | (110) | (66) | 8 | |
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 | 30% | 6.9% | 11.00% | 5% | ₹(12) | (101.5)% |
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.