Models
STYLAM INDUSTRIES LIMITEDSTYLAMINDConsumer Durables
₹1,209per 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₹1,209implied FY26 P/E 12.1× · EV/EBITDA 9.1×
Against CMP ₹3,301.20−63.4%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3193%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
₹885₹1,859
52-week rangetraded range, a fact not a value
₹1,621₹4,150
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 140 |
| PV of terminal value | 1,872 |
| Enterprise value | 2,013 |
| less net debt | 36 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,049 |
| ÷ 1.69 crore shares | ₹1,209 |
93% 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% | 1,253 | 1,363 | 1,495 | 1,657 | 1,859 |
| 10.50% | 1,139 | 1,231 | 1,339 | 1,469 | 1,627 |
| 11.00% | 1,042 | 1,119 | 1,209 | 1,315 | 1,442 |
| 11.50% | 958 | 1,023 | 1,099 | 1,187 | 1,292 |
| 12.00% | 885 | 941 | 1,005 | 1,080 | 1,166 |
The outlined cell is your model. Green figures sit above the CMP of ₹3,301.20; 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 | 950 · 1,194 · 1,506 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.74 |
| Rank correlation with discount rate | −0.61 |
| Rank correlation with revenue growth | +0.14 |
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 | 952 | 914 | 1,025 | 1,129 | 1,242 | 1,366 | 1,503 | 1,653 | 1,819 |
| growth % | 44.4 | (4.0) | 12.1 | 10.2 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 |
| EBITDA | 155 | 183 | 185 | 221 | 242 | 266 | 293 | 322 | 355 |
| margin % | 16.3 | 20.1 | 18.1 | 19.5 | 19.5 | 19.5 | 19.5 | 19.5 | 19.5 |
| less depreciation | (20) | (22) | (24) | (21) | (22) | (25) | (27) | (30) | (33) |
| EBIT | 135 | 161 | 161 | 200 | 220 | 242 | 266 | 293 | 322 |
| less tax on EBIT | (53) | (58) | (64) | (70) | (77) | (85) | |||
| NOPAT | 147 | 162 | 178 | 196 | 216 | 237 | |||
| add depreciation | 20 | 22 | 24 | 21 | 22 | 25 | 27 | 30 | 33 |
| less capex | (26) | (19) | (108) | (192) | (211) | (182) | (144) | (97) | (39) |
| less working-capital build | — | (34) | (38) | (42) | (46) | (50) | |||
| Free cash flow to firm | 40 | 93 | (0) | — | (61) | (17) | 37 | 103 | 180 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (58) | (14) | 29 | 71 | 113 |
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 29, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 200 | 220 | 242 | 266 | 293 | 322 |
| Interest at 10.6% on debt | (3) | (3) | (3) | (3) | (3) | |
| Profit before tax | 217 | 239 | 263 | 290 | 319 | |
| Profit after tax | 150 | 160 | 176 | 194 | 213 | 235 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 65 | 2 | (17) | 18 | 118 | 296 |
| Working capital | 345 | 379 | 417 | 459 | 505 | 555 |
| Net block and other assets | 569 | 758 | 915 | 1,032 | 1,099 | 1,106 |
| Debt | 29 | 29 | 29 | 29 | 29 | 29 |
| Equity | 807 | 967 | 1,143 | 1,337 | 1,550 | 1,785 |
| Balance check | 0 | (0) | 0 | (0) | 0 | (0) |
| Cash flow | ||||||
| From operations | 148 | 163 | 179 | 197 | 217 | |
| Investing (capex) | (211) | (182) | (144) | (97) | (39) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (63) | (19) | 35 | 100 | 178 | |
| Free cash flow to equity | (63) | (19) | 35 | 100 | 178 | |
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 | 10% | 19.5% | 11.00% | 5% | ₹1,209 | (63.4)% |
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.