Models
SUNSHIELD CHEMICALS LTD.SUNSHIELChemicals & Petrochemicals
₹528per 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₹528implied FY26 P/E 14.2× · EV/EBITDA 8.6×
Against CMP ₹1,199.90−56.0%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3183%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
₹401₹780
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 74 |
| PV of terminal value | 376 |
| Enterprise value | 451 |
| less net debt | 13 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 464 |
| ÷ 0.88 crore shares | ₹528 |
83% 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% | 545 | 588 | 639 | 702 | 780 |
| 10.50% | 501 | 536 | 578 | 628 | 690 |
| 11.00% | 463 | 493 | 528 | 569 | 618 |
| 11.50% | 430 | 455 | 485 | 519 | 559 |
| 12.00% | 401 | 423 | 448 | 477 | 510 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,199.90; 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 | 361 · 519 · 689 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.90 |
| Rank correlation with discount rate | −0.38 |
| 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 | 245 | 283 | 366 | 441 | 531 | 640 | 771 | 930 | 1,120 |
| growth % | 0.3 | 15.8 | 29.1 | 20.5 | 20.5 | 20.5 | 20.5 | 20.5 | 20.5 |
| EBITDA | 31 | 40 | 34 | 52 | 63 | 76 | 91 | 110 | 132 |
| margin % | 12.7 | 14.3 | 9.2 | 11.8 | 11.8 | 11.8 | 11.8 | 11.8 | 11.8 |
| less depreciation | (6) | (7) | (10) | (11) | (13) | (15) | (19) | (22) | (27) |
| EBIT | 25 | 33 | 24 | 42 | 50 | 60 | 73 | 87 | 105 |
| less tax on EBIT | (10) | (13) | (15) | (18) | (22) | (27) | |||
| NOPAT | 31 | 37 | 45 | 54 | 65 | 79 | |||
| add depreciation | 6 | 7 | 10 | 11 | 13 | 15 | 19 | 22 | 27 |
| less capex | (8) | (41) | (50) | (20) | (24) | (26) | (28) | (31) | (32) |
| less working-capital build | — | (18) | (21) | (26) | (31) | (37) | |||
| Free cash flow to firm | 6 | 1 | (2) | — | 9 | 13 | 19 | 26 | 36 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 8 | 11 | 14 | 18 | 23 |
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 0, dividends at 6.1% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 42 | 50 | 60 | 73 | 87 | 105 |
| Interest at 10% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 50 | 60 | 73 | 87 | 105 | |
| Profit after tax | 30 | 37 | 45 | 54 | 65 | 79 |
| Dividends | (2) | (2) | (3) | (3) | (4) | (5) |
| Balance sheet, year end | ||||||
| Cash | 13 | 20 | 30 | 45 | 67 | 99 |
| Working capital | 86 | 104 | 125 | 150 | 181 | 218 |
| Net block and other assets | 206 | 217 | 228 | 238 | 246 | 251 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 252 | 287 | 330 | 380 | 442 | 516 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 32 | 39 | 47 | 57 | 68 | |
| Investing (capex) | (24) | (26) | (28) | (31) | (32) | |
| Financing (dividends) | (2) | (3) | (3) | (4) | (5) | |
| Net change in cash | 6 | 10 | 15 | 22 | 31 | |
| Free cash flow to equity | 9 | 13 | 19 | 26 | 36 | |
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 | 20.5% | 11.8% | 11.00% | 5% | ₹528 | (56.0)% |
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.