SRG HOUSING FINANCE L — valuation model

SRG HOUSING FINANCE LSRGHFLFinance

₹810per share · Base Model Note

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

Inputslive

Template

SRG HOUSING FINANCE L is a lender: the loans it makes run through its cash flow, so free cash flow to the firm does not measure it. It is valued on the excess-return template: book equity earning your ROE over the cost of equity.

Explicit years, then flat

Excess returns are projected to FY31; after that they grow flat at the terminal rate.

These inputs are part of the Trader plan; on your plan they stay at the figures shown. See plans

Book equity today

0FY26 filed 2971,000

Return on equity

0FY26 as filed40

Dividend payout

0FY26 as filed100

Book equity earns your ROE; what is not paid out compounds the book.

Value per share, your model₹810implied P/B 4.28× on FY26 book

Against CMP ₹98.00+726.6%close of 27 Oct 2026

Cost of equity6.62%risk-free + beta × equity risk premium

Book equity, FY26₹189per share · excess returns add ₹621

This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.

Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity

₹ crore	FY27	FY28	FY29	FY30	FY31
Opening book equity	297	329	365	405	449
Net income at 10.9% ROE	32	36	40	44	49
Cost of equity charge at 6.62%	(20)	(22)	(24)	(27)	(30)
Excess return	13	14	16	17	19
Present value	12	13	13	14	14
Closing book equity	329	365	405	449	498

Book equity today	297
PV of 5 years of excess return	67
PV of the terminal excess return, 5% flat	908
add non-operating investments	0
Equity value	1,272
÷ 1.57 crore shares	₹810

Where the methods land · ₹ per share · the dashed line is the CMP

52-week rangetraded range, a fact not a value

₹96₹335

Scenarios side by side · ₹ per share

Scenario	Template	Growth	Margin	Rate	Terminal	₹ / share	vs CMP
Base · editing	Excess return	ROE 10.9%	—	6.62%	5%	₹810	726.6%

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.