Models
VLS FINANCE LTDVLSFINANCEFinance
₹-308per 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₹(308)implied P/B (0.46)× on FY26 book
Against CMP ₹243.90−226.2%close of 2026-09-10
Cost of equity11.07%risk-free + beta × equity risk premium
Book equity, FY26₹671per share · excess returns add ₹(979)
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 | 2,113 | 2,129 | 2,145 | 2,162 | 2,178 |
| Net income at 1% ROE | 21 | 21 | 21 | 22 | 22 |
| Cost of equity charge at 11.07% | (234) | (236) | (238) | (239) | (241) |
| Excess return | (213) | (214) | (216) | (218) | (219) |
| Present value | (202) | (183) | (166) | (151) | (137) |
| Closing book equity | 2,129 | 2,145 | 2,162 | 2,178 | 2,195 |
| Book equity today | 2,113 |
| PV of 5 years of excess return | (839) |
| PV of the terminal excess return, 5% flat | (2,244) |
| add non-operating investments | 0 |
| Equity value | (970) |
| ÷ 3.15 crore shares | ₹(308) |
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
₹199₹339
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 1% | — | 11.07% | 5% | ₹(308) | (226.2)% |
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.