Models
UNIPARTS INDIA LIMITEDUNIPARTSAuto Components
₹516per 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₹516implied FY26 P/E 12.9× · EV/EBITDA 9.7×
Against CMP ₹902.00−42.8%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3177%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
₹397₹754
52-week rangetraded range, a fact not a value
₹400₹916
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 556 |
| PV of terminal value | 1,818 |
| Enterprise value | 2,375 |
| less net debt | (45) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 2,330 |
| ÷ 4.51 crore shares | ₹516 |
77% 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% | 534 | 574 | 622 | 681 | 754 |
| 10.50% | 491 | 525 | 564 | 611 | 669 |
| 11.00% | 455 | 483 | 516 | 555 | 601 |
| 11.50% | 424 | 448 | 475 | 508 | 546 |
| 12.00% | 397 | 417 | 441 | 468 | 499 |
The outlined cell is your model. Green figures sit above the CMP of ₹902.00; 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 | 349 · 508 · 672 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.90 |
| Rank correlation with discount rate | −0.37 |
| Rank correlation with revenue growth | −0.12 |
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 | 1,366 | 1,140 | 964 | 1,170 | 1,422 | 1,728 | 2,099 | 2,551 | 3,099 |
| growth % | — | (16.6) | (15.4) | 21.4 | 21.5 | 21.5 | 21.5 | 21.5 | 21.5 |
| EBITDA | 297 | 201 | 146 | 244 | 296 | 359 | 437 | 531 | 645 |
| margin % | 21.7 | 17.7 | 15.1 | 20.8 | 20.8 | 20.8 | 20.8 | 20.8 | 20.8 |
| less depreciation | (39) | (42) | (44) | (45) | (55) | (67) | (82) | (99) | (121) |
| EBIT | 258 | 160 | 101 | 198 | 240 | 292 | 355 | 431 | 524 |
| less tax on EBIT | (46) | (55) | (67) | (82) | (99) | (120) | |||
| NOPAT | 153 | 185 | 225 | 273 | 332 | 403 | |||
| add depreciation | 39 | 42 | 44 | 45 | 55 | 67 | 82 | 99 | 121 |
| less capex | (32) | (35) | (30) | (24) | (30) | (47) | (71) | (103) | (145) |
| less working-capital build | — | (94) | (114) | (138) | (168) | (204) | |||
| Free cash flow to firm | 221 | 165 | 152 | — | 117 | 131 | 146 | 161 | 175 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 111 | 112 | 112 | 111 | 109 |
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 92, dividends at 100% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 198 | 240 | 292 | 355 | 431 | 524 |
| Interest at 11.9% on debt | (11) | (11) | (11) | (11) | (11) | |
| Profit before tax | 229 | 281 | 344 | 420 | 513 | |
| Profit after tax | 158 | 177 | 216 | 265 | 323 | 395 |
| Dividends | (170) | (177) | (216) | (265) | (323) | (395) |
| Balance sheet, year end | ||||||
| Cash | 47 | (21) | (115) | (242) | (414) | (642) |
| Working capital | 436 | 529 | 643 | 781 | 949 | 1,153 |
| Net block and other assets | 772 | 747 | 727 | 716 | 719 | 744 |
| Debt | 92 | 92 | 92 | 92 | 92 | 92 |
| Equity | 870 | 870 | 870 | 870 | 870 | 870 |
| Balance check | 0 | (0) | (0) | (0) | 0 | 0 |
| Cash flow | ||||||
| From operations | 138 | 170 | 208 | 255 | 312 | |
| Investing (capex) | (30) | (47) | (71) | (103) | (145) | |
| Financing (dividends) | (177) | (216) | (265) | (323) | (395) | |
| Net change in cash | (68) | (94) | (127) | (171) | (228) | |
| Free cash flow to equity | 109 | 123 | 137 | 152 | 167 | |
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 | 21.5% | 20.8% | 11.00% | 5% | ₹516 | (42.8)% |
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.