₹5per share · Base Model Note
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₹5implied P/B 0.03× on FY26 book
Against CMP ₹74.50−93.4%close of 28 Oct 2026
Cost of equity16.85%risk-free + beta × equity risk premium
Book equity, FY26₹190per share · excess returns add ₹(185)
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 | 2,906 | 3,080 | 3,265 | 3,461 | 3,669 |
| Net income at 6% ROE | 174 | 185 | 196 | 208 | 220 |
| Cost of equity charge at 16.85% | (490) | (519) | (550) | (583) | (618) |
| Excess return | (315) | (334) | (354) | (375) | (398) |
| Present value | (292) | (265) | (240) | (218) | (198) |
| Closing book equity | 3,080 | 3,265 | 3,461 | 3,669 | 3,889 |
| Book equity today | 2,906 |
| PV of 5 years of excess return | (1,211) |
| PV of the terminal excess return, 5% flat | (1,619) |
| add non-operating investments | 0 |
| Equity value | 75 |
| ÷ 15.28 crore shares | ₹5 |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹72₹190
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 6% | — | 16.85% | 5% | ₹5 | (93.4)% |
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.