Models
VIDYA WIRES LIMITEDVIDYAWIRESIndustrial Products
₹24per 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₹24implied FY26 P/E 7.6× · EV/EBITDA 6.0×
Against CMP ₹88.60−73.5%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31112%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
₹16₹39
52-week rangetraded range, a fact not a value
₹43₹117
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (59) |
| PV of terminal value | 572 |
| Enterprise value | 513 |
| less net debt | (13) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 500 |
| ÷ 21.27 crore shares | ₹24 |
112% 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% | 25 | 27 | 30 | 34 | 39 |
| 10.50% | 22 | 24 | 27 | 30 | 34 |
| 11.00% | 19 | 21 | 24 | 26 | 29 |
| 11.50% | 17 | 19 | 21 | 23 | 26 |
| 12.00% | 16 | 17 | 19 | 20 | 23 |
The outlined cell is your model. Green figures sit above the CMP of ₹88.60; 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 | 16 · 23 · 31 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.77 |
| Rank correlation with discount rate | −0.51 |
| Rank correlation with revenue growth | −0.32 |
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 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 1,840 | 1,987 | 2,146 | 2,317 | 2,503 | 2,703 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 86 | 93 | 101 | 109 | 118 | 127 |
| margin % | 4.7 | 4.7 | 4.7 | 4.7 | 4.7 | 4.7 |
| less depreciation | (4) | (4) | (4) | (5) | (5) | (5) |
| EBIT | 82 | 89 | 97 | 104 | 113 | 122 |
| less tax on EBIT | (21) | (23) | (25) | (27) | (29) | (32) |
| NOPAT | 61 | 66 | 71 | 77 | 83 | 90 |
| add depreciation | 4 | 4 | 4 | 5 | 5 | 5 |
| less capex | (102) | (109) | (90) | (67) | (39) | (6) |
| less working-capital build | — | (25) | (27) | (29) | (31) | (34) |
| Free cash flow to firm | — | (64) | (41) | (14) | 18 | 55 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | (61) | (35) | (11) | 13 | 34 |
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 85, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 82 | 89 | 97 | 104 | 113 | 122 |
| Interest at 15% on debt | (13) | (13) | (13) | (13) | (13) | |
| Profit before tax | 77 | 84 | 91 | 100 | 109 | |
| Profit after tax | 58 | 57 | 62 | 68 | 74 | 81 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 73 | (1) | (51) | (74) | (66) | (20) |
| Working capital | 311 | 336 | 363 | 392 | 424 | 457 |
| Net block and other assets | 221 | 327 | 412 | 474 | 508 | 509 |
| Debt | 85 | 85 | 85 | 85 | 85 | 85 |
| Equity | 480 | 537 | 599 | 666 | 740 | 821 |
| Balance check | 0 | (0) | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 36 | 39 | 43 | 48 | 52 | |
| Investing (capex) | (109) | (90) | (67) | (39) | (6) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | (73) | (50) | (23) | 9 | 46 | |
| Free cash flow to equity | (73) | (50) | (23) | 9 | 46 | |
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 | 8% | 4.7% | 11.00% | 5% | ₹24 | (73.5)% |
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.