Models
STERLING TOOLS LIMITEDSTERTOOLSAuto Components
₹67per 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₹67implied FY26 P/E 9.3× · EV/EBITDA 3.8×
Against CMP ₹214.10−68.7%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3173%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
₹47₹106
52-week rangetraded range, a fact not a value
₹155₹362
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 87 |
| PV of terminal value | 239 |
| Enterprise value | 326 |
| less net debt | (83) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 243 |
| ÷ 3.63 crore shares | ₹67 |
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% | 70 | 76 | 84 | 94 | 106 |
| 10.50% | 63 | 68 | 75 | 83 | 92 |
| 11.00% | 57 | 62 | 67 | 73 | 81 |
| 11.50% | 52 | 56 | 60 | 66 | 72 |
| 12.00% | 47 | 51 | 55 | 59 | 64 |
The outlined cell is your model. Green figures sit above the CMP of ₹214.10; 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 | 49 · 67 · 88 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.83 |
| Rank correlation with discount rate | −0.53 |
| Rank correlation with revenue growth | −0.02 |
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 | 772 | 932 | 1,026 | 828 | 786 | 747 | 710 | 674 | 641 |
| growth % | 51.5 | 20.7 | 10.1 | (19.3) | (5.0) | (5.0) | (5.0) | (5.0) | (5.0) |
| EBITDA | 101 | 108 | 110 | 86 | 81 | 77 | 73 | 69 | 66 |
| margin % | 13.1 | 11.6 | 10.7 | 10.3 | 10.3 | 10.3 | 10.3 | 10.3 | 10.3 |
| less depreciation | (32) | (33) | (35) | (40) | (38) | (36) | (34) | (32) | (31) |
| EBIT | 69 | 75 | 75 | 46 | 43 | 41 | 39 | 37 | 35 |
| less tax on EBIT | (18) | (17) | (16) | (15) | (14) | (14) | |||
| NOPAT | 28 | 27 | 25 | 24 | 23 | 22 | |||
| add depreciation | 32 | 33 | 35 | 40 | 38 | 36 | 34 | 32 | 31 |
| less capex | (33) | (29) | (76) | (55) | (52) | (48) | (44) | (40) | (37) |
| less working-capital build | — | 9 | 9 | 8 | 8 | 8 | |||
| Free cash flow to firm | 30 | 72 | 48 | — | 22 | 22 | 23 | 23 | 23 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 21 | 19 | 17 | 16 | 14 |
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 131, dividends at 30.8% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 46 | 43 | 41 | 39 | 37 | 35 |
| Interest at 7.3% on debt | (10) | (10) | (10) | (10) | (10) | |
| Profit before tax | 34 | 32 | 29 | 28 | 26 | |
| Profit after tax | 29 | 21 | 19 | 18 | 17 | 16 |
| Dividends | (9) | (6) | (6) | (6) | (5) | (5) |
| Balance sheet, year end | ||||||
| Cash | 48 | 58 | 68 | 79 | 91 | 103 |
| Working capital | 184 | 175 | 166 | 158 | 150 | 143 |
| Net block and other assets | 588 | 602 | 614 | 624 | 632 | 638 |
| Debt | 131 | 131 | 131 | 131 | 131 | 131 |
| Equity | 526 | 541 | 554 | 567 | 578 | 589 |
| Balance check | 0 | 0 | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 68 | 64 | 61 | 57 | 54 | |
| Investing (capex) | (52) | (48) | (44) | (40) | (37) | |
| Financing (dividends) | (6) | (6) | (6) | (5) | (5) | |
| Net change in cash | 9 | 10 | 11 | 12 | 12 | |
| Free cash flow to equity | 16 | 16 | 17 | 17 | 17 | |
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 | -5% | 10.3% | 11.00% | 5% | ₹67 | (68.7)% |
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.