Models
Trident Lifeline LimitedBSE 543616Pharmaceuticals & Biotechnology
₹179per 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₹179implied FY26 P/E 6.6× · EV/EBITDA 9.5×
Against CMP ₹413.00−56.7%close of 6 Nov 2026
Growth the CMP implies—%no growth rate between −20% and 45% a year brings the value to the CMP on your other inputs
Value after FY31134%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
₹111₹315
52-week rangetraded range, a fact not a value
₹230₹442
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (71) |
| PV of terminal value | 280 |
| Enterprise value | 210 |
| less net debt | 4 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 214 |
| ÷ 1.20 crore shares | ₹179 |
134% 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% | 187 | 210 | 238 | 273 | 315 |
| 10.50% | 163 | 183 | 206 | 233 | 267 |
| 11.00% | 143 | 160 | 179 | 201 | 228 |
| 11.50% | 126 | 140 | 156 | 175 | 197 |
| 12.00% | 111 | 123 | 137 | 153 | 171 |
The outlined cell is your model. Green figures sit above the CMP of ₹413.00; 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 | 105 · 174 · 250 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.85 |
| Rank correlation with discount rate | −0.46 |
| Rank correlation with revenue growth | −0.03 |
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 | 32 | 45 | 87 | 129 | 168 | 218 | 283 | 368 | 479 |
| growth % | — | 40.8 | 94.9 | 48.4 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 6 | 7 | 9 | 22 | 29 | 37 | 48 | 63 | 82 |
| margin % | 18.6 | 16.2 | 10.8 | 17.1 | 17.1 | 17.1 | 17.1 | 17.1 | 17.1 |
| less depreciation | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | — | — | — | 22 | 29 | 37 | 48 | 63 | 82 |
| less tax on EBIT | (6) | (8) | (11) | (14) | (18) | (24) | |||
| NOPAT | 16 | 20 | 26 | 34 | 45 | 58 | |||
| add depreciation | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| less capex | — | — | (11) | (36) | (47) | (46) | (40) | (26) | 0 |
| less working-capital build | — | (11) | (14) | (18) | (24) | (31) | |||
| Free cash flow to firm | — | — | (21) | — | (38) | (34) | (24) | (5) | 27 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (36) | (29) | (19) | (4) | 17 |
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 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 22 | 29 | 37 | 48 | 63 | 82 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 29 | 37 | 48 | 63 | 82 | |
| Profit after tax | 0 | 20 | 26 | 34 | 45 | 58 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 4 | (34) | (68) | (92) | (97) | (70) |
| Working capital | 36 | 47 | 62 | 80 | 104 | 135 |
| Net block and other assets | 196 | 244 | 290 | 330 | 356 | 356 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 0 | 20 | 47 | 81 | 126 | 184 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 9 | 12 | 16 | 21 | 27 | |
| Investing (capex) | (47) | (46) | (40) | (26) | 0 | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (38) | (34) | (24) | (5) | 27 | |
| Free cash flow to equity | (38) | (34) | (24) | (5) | 27 | |
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 | 30% | 17.1% | 11.00% | 5% | ₹179 | (56.7)% |
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.