Models
TVS HOLDINGS LIMITEDTVSHLTDFinance
₹27,469per 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₹27,469implied P/B 4.31× on FY26 book
Against CMP ₹12,990.00+111.5%close of 2026-09-10
Cost of equity11.88%risk-free + beta × equity risk premium
Book equity, FY26₹6,370per share · excess returns add ₹21,100
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 | 12,892 | 15,367 | 18,317 | 21,834 | 26,026 |
| Net income at 26.3% ROE | 3,391 | 4,042 | 4,817 | 5,742 | 6,845 |
| Cost of equity charge at 11.88% | (1,531) | (1,825) | (2,176) | (2,594) | (3,091) |
| Excess return | 1,859 | 2,216 | 2,642 | 3,149 | 3,753 |
| Present value | 1,758 | 1,873 | 1,995 | 2,126 | 2,265 |
| Closing book equity | 15,367 | 18,317 | 21,834 | 26,026 | 31,023 |
| Book equity today | 12,892 |
| PV of 5 years of excess return | 10,017 |
| PV of the terminal excess return, 5% flat | 32,689 |
| add non-operating investments | 0 |
| Equity value | 55,598 |
| ÷ 2.02 crore shares | ₹27,469 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹12,555₹16,297
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 26.3% | — | 11.88% | 5% | ₹27,469 | 111.5% |
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.