Models
VENTIVE HOSPITALITY LTDVENTIVELeisure Services
₹868per 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₹868implied FY26 P/E 42.3× · EV/EBITDA 20.3×
Against CMP ₹575.10+51.0%close of 2026-09-10
Growth the CMP implies19.8%revenue, a year for 5 years, on your other inputs
Value after FY3179%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
₹647₹1,310
52-week rangetraded range, a fact not a value
₹543₹794
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 4,593 |
| PV of terminal value | 17,468 |
| Enterprise value | 22,061 |
| less net debt | (1,779) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 20,282 |
| ÷ 23.35 crore shares | ₹868 |
79% 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% | 900 | 975 | 1,064 | 1,174 | 1,310 |
| 10.50% | 822 | 884 | 957 | 1,045 | 1,153 |
| 11.00% | 755 | 808 | 868 | 940 | 1,027 |
| 11.50% | 698 | 742 | 793 | 853 | 924 |
| 12.00% | 647 | 685 | 729 | 779 | 838 |
The outlined cell is your model. Green figures sit above the CMP of ₹575.10; 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 | 597 · 862 · 1,218 |
| Draws below the CMP | 8% |
| Rank correlation with revenue growth | +0.78 |
| Rank correlation with ebitda margin | +0.45 |
| Rank correlation with discount rate | −0.37 |
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 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,605 | 2,461 | 3,199 | 4,159 | 5,407 | 7,029 | 9,138 |
| growth % | — | 53.4 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | 755 | 1,086 | 1,411 | 1,834 | 2,384 | 3,100 | 4,030 |
| margin % | 47.0 | 44.1 | 44.1 | 44.1 | 44.1 | 44.1 | 44.1 |
| less depreciation | (256) | (327) | (426) | (553) | (719) | (935) | (1,215) |
| EBIT | 499 | 759 | 985 | 1,281 | 1,665 | 2,165 | 2,814 |
| less tax on EBIT | (240) | (311) | (405) | (526) | (684) | (889) | |
| NOPAT | 519 | 674 | 876 | 1,139 | 1,481 | 1,925 | |
| add depreciation | 256 | 327 | 426 | 553 | 719 | 935 | 1,215 |
| less capex | (55) | (211) | (275) | (434) | (664) | (992) | (1,458) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |
| Free cash flow to firm | 622 | — | 824 | 995 | 1,194 | 1,423 | 1,682 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||
| Present value | 782 | 851 | 920 | 988 | 1,052 |
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 2,035, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 759 | 985 | 1,281 | 1,665 | 2,165 | 2,814 |
| Interest at 10.6% on debt | (216) | (216) | (216) | (216) | (216) | |
| Profit before tax | 770 | 1,065 | 1,450 | 1,949 | 2,599 | |
| Profit after tax | 0 | 526 | 729 | 992 | 1,333 | 1,778 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 256 | 932 | 1,780 | 2,827 | 4,102 | 5,637 |
| Working capital | (17) | (17) | (17) | (17) | (17) | (17) |
| Net block and other assets | 10,442 | 10,292 | 10,173 | 10,117 | 10,175 | 10,418 |
| Debt | 2,035 | 2,035 | 2,035 | 2,035 | 2,035 | 2,035 |
| Equity | 6,761 | 7,287 | 8,016 | 9,008 | 10,341 | 12,118 |
| Balance check | 0 | (0) | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 952 | 1,282 | 1,711 | 2,268 | 2,993 | |
| Investing (capex) | (275) | (434) | (664) | (992) | (1,458) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 677 | 848 | 1,047 | 1,276 | 1,534 | |
| Free cash flow to equity | 677 | 848 | 1,047 | 1,276 | 1,534 | |
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% | 44.1% | 11.00% | 5% | ₹868 | 51.0% |
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.