Models
TECHNOCRAFT IND LTDTIILIndustrial Products
₹1,144per 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₹1,144implied FY26 P/E 7.6× · EV/EBITDA 7.0×
Against CMP ₹3,256.00−64.9%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3167%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
₹857₹1,714
52-week rangetraded range, a fact not a value
₹1,869₹3,565
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 1,075 |
| PV of terminal value | 2,178 |
| Enterprise value | 3,252 |
| less net debt | (659) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,593 |
| ÷ 2.27 crore shares | ₹1,144 |
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% | 1,188 | 1,284 | 1,398 | 1,539 | 1,714 |
| 10.50% | 1,086 | 1,166 | 1,260 | 1,372 | 1,510 |
| 11.00% | 999 | 1,066 | 1,144 | 1,236 | 1,347 |
| 11.50% | 923 | 980 | 1,046 | 1,123 | 1,213 |
| 12.00% | 857 | 906 | 962 | 1,026 | 1,102 |
The outlined cell is your model. Green figures sit above the CMP of ₹3,256.00; 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 | 802 · 1,135 · 1,487 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.86 |
| Rank correlation with discount rate | −0.42 |
| Rank correlation with revenue growth | −0.21 |
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 | 1,985 | 2,182 | 2,596 | 2,759 | 2,938 | 3,129 | 3,333 | 3,549 | 3,780 |
| growth % | 3.8 | 9.9 | 19.0 | 6.3 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| EBITDA | 403 | 390 | 415 | 468 | 500 | 532 | 567 | 603 | 643 |
| margin % | 20.3 | 17.9 | 16.0 | 17.0 | 17.0 | 17.0 | 17.0 | 17.0 | 17.0 |
| less depreciation | (64) | (68) | (108) | (123) | (132) | (141) | (150) | (160) | (170) |
| EBIT | 339 | 322 | 308 | 344 | 367 | 391 | 417 | 444 | 473 |
| less tax on EBIT | (84) | (90) | (96) | (102) | (109) | (116) | |||
| NOPAT | 260 | 277 | 295 | 315 | 335 | 357 | |||
| add depreciation | 64 | 68 | 108 | 123 | 132 | 141 | 150 | 160 | 170 |
| less capex | 0 | 0 | 0 | 0 | 0 | (42) | (90) | (144) | (204) |
| less working-capital build | — | (88) | (94) | (100) | (106) | (113) | |||
| Free cash flow to firm | 136 | 308 | 276 | — | 322 | 300 | 275 | 245 | 210 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 305 | 257 | 212 | 170 | 131 |
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 819, dividends at 15.9% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 344 | 367 | 391 | 417 | 444 | 473 |
| Interest at 7% on debt | (57) | (57) | (57) | (57) | (57) | |
| Profit before tax | 310 | 334 | 359 | 386 | 415 | |
| Profit after tax | 285 | 234 | 252 | 271 | 292 | 313 |
| Dividends | (45) | (37) | (40) | (43) | (46) | (50) |
| Balance sheet, year end | ||||||
| Cash | 160 | 401 | 618 | 807 | 962 | 1,078 |
| Working capital | 1,351 | 1,439 | 1,532 | 1,632 | 1,738 | 1,851 |
| Net block and other assets | 1,738 | 1,606 | 1,508 | 1,448 | 1,432 | 1,466 |
| Debt | 819 | 819 | 819 | 819 | 819 | 819 |
| Equity | 2,066 | 2,263 | 2,475 | 2,703 | 2,949 | 3,212 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 278 | 299 | 322 | 345 | 371 | |
| Investing (capex) | 0 | (42) | (90) | (144) | (204) | |
| Financing (dividends) | (37) | (40) | (43) | (46) | (50) | |
| Net change in cash | 241 | 217 | 188 | 155 | 117 | |
| Free cash flow to equity | 278 | 257 | 232 | 202 | 166 | |
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 | 6.5% | 17% | 11.00% | 5% | ₹1,144 | (64.9)% |
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.