₹234per 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₹234implied P/B 13.13× on FY26 book
Against CMP ₹40.65+475.5%close of 2026-09-10
Cost of equity12.61%risk-free + beta × equity risk premium
Book equity, FY26₹18per share · excess returns add ₹216
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 | 18 | 26 | 37 | 53 | 75 |
| Net income at 43% ROE | 8 | 11 | 16 | 23 | 32 |
| Cost of equity charge at 12.61% | (2) | (3) | (5) | (7) | (9) |
| Excess return | 5 | 8 | 11 | 16 | 23 |
| Present value | 5 | 7 | 8 | 11 | 13 |
| Closing book equity | 26 | 37 | 53 | 75 | 108 |
| Book equity today | 18 |
| PV of 5 years of excess return | 44 |
| PV of the terminal excess return, 5% flat | 174 |
| add non-operating investments | 0 |
| Equity value | 236 |
| ÷ 1.01 crore shares | ₹234 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹25₹73
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 43% | — | 12.61% | 5% | ₹234 | 475.5% |
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.