Models
SUMEET IND LIMITEDSUMEETINDSTextiles & Apparels
₹3per 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₹3implied FY26 P/E 2.6× · EV/EBITDA 5.1×
Against CMP ₹10.75−69.0%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3186%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
₹2₹6
52-week rangetraded range, a fact not a value
₹11₹41
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 42 |
| PV of terminal value | 255 |
| Enterprise value | 297 |
| less net debt | (121) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 176 |
| ÷ 52.63 crore shares | ₹3 |
86% 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% | 4 | 4 | 5 | 5 | 6 |
| 10.50% | 3 | 3 | 4 | 4 | 5 |
| 11.00% | 3 | 3 | 3 | 4 | 4 |
| 11.50% | 2 | 3 | 3 | 3 | 4 |
| 12.00% | 2 | 2 | 2 | 3 | 3 |
The outlined cell is your model. Green figures sit above the CMP of ₹10.75; 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 | 2 · 3 · 5 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.87 |
| Rank correlation with discount rate | −0.45 |
| Rank correlation with revenue growth | −0.09 |
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 | 1,033 | 985 | 1,003 | 1,050 | 1,098 | 1,147 | 1,199 | 1,253 | 1,309 |
| growth % | 15.6 | (4.7) | 1.9 | 4.7 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 |
| EBITDA | (39) | (40) | 202 | 58 | 60 | 63 | 66 | 69 | 72 |
| margin % | (3.8) | (4.1) | 20.1 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 |
| less depreciation | (27) | (24) | (21) | (19) | (20) | (21) | (22) | (23) | (24) |
| EBIT | (67) | (64) | 181 | 39 | 41 | 42 | 44 | 46 | 48 |
| less tax on EBIT | (10) | (11) | (11) | (12) | (12) | (13) | |||
| NOPAT | 29 | 30 | 31 | 33 | 34 | 36 | |||
| add depreciation | 27 | 24 | 21 | 19 | 20 | 21 | 22 | 23 | 24 |
| less capex | (1) | (0) | (3) | (42) | (44) | (41) | (37) | (33) | (28) |
| less working-capital build | — | (5) | (6) | (6) | (6) | (6) | |||
| Free cash flow to firm | 72 | 15 | 407 | — | 0 | 6 | 11 | 18 | 25 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 0 | 5 | 9 | 12 | 15 |
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 159, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 39 | 41 | 42 | 44 | 46 | 48 |
| Interest at 8.7% on debt | (14) | (14) | (14) | (14) | (14) | |
| Profit before tax | 27 | 29 | 30 | 32 | 35 | |
| Profit after tax | 27 | 20 | 21 | 23 | 24 | 26 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 39 | 29 | 24 | 25 | 33 | 47 |
| Working capital | 121 | 127 | 132 | 138 | 144 | 151 |
| Net block and other assets | 391 | 415 | 435 | 450 | 461 | 465 |
| Debt | 159 | 159 | 159 | 159 | 159 | 159 |
| Equity | 212 | 232 | 253 | 275 | 299 | 325 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 34 | 36 | 38 | 40 | 43 | |
| Investing (capex) | (44) | (41) | (37) | (33) | (28) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (10) | (5) | 1 | 8 | 14 | |
| Free cash flow to equity | (10) | (5) | 1 | 8 | 14 | |
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 | 4.5% | 5.5% | 11.00% | 5% | ₹3 | (69.0)% |
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.