Models
VOLTAMP TRANSFORMERS LTDVOLTAMPElectrical Equipment
₹4,062per 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₹4,062implied FY26 P/E 13.0× · EV/EBITDA 11.4×
Against CMP ₹11,215.00−63.8%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3182%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
₹3,091₹6,002
52-week rangetraded range, a fact not a value
₹6,666₹12,863
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 709 |
| PV of terminal value | 3,327 |
| Enterprise value | 4,036 |
| less net debt | 73 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 4,109 |
| ÷ 1.01 crore shares | ₹4,062 |
82% 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% | 4,200 | 4,528 | 4,921 | 5,402 | 6,002 |
| 10.50% | 3,858 | 4,130 | 4,452 | 4,838 | 5,310 |
| 11.00% | 3,565 | 3,794 | 4,062 | 4,378 | 4,757 |
| 11.50% | 3,312 | 3,507 | 3,732 | 3,995 | 4,305 |
| 12.00% | 3,091 | 3,258 | 3,450 | 3,671 | 3,929 |
The outlined cell is your model. Green figures sit above the CMP of ₹11,215.00; 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 | 3,293 · 4,014 · 4,941 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.73 |
| Rank correlation with discount rate | −0.62 |
| Rank correlation with revenue growth | +0.14 |
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 | 1,385 | 1,616 | 1,934 | 2,154 | 2,401 | 2,678 | 2,985 | 3,329 | 3,712 |
| growth % | 22.9 | 16.7 | 19.7 | 11.3 | 11.5 | 11.5 | 11.5 | 11.5 | 11.5 |
| EBITDA | 231 | 322 | 366 | 355 | 396 | 442 | 493 | 549 | 612 |
| margin % | 16.7 | 19.9 | 18.9 | 16.5 | 16.5 | 16.5 | 16.5 | 16.5 | 16.5 |
| less depreciation | (10) | (11) | (13) | (15) | (17) | (19) | (21) | (23) | (26) |
| EBIT | 221 | 311 | 353 | 341 | 379 | 423 | 472 | 526 | 586 |
| less tax on EBIT | (84) | (94) | (104) | (117) | (130) | (145) | |||
| NOPAT | 257 | 286 | 319 | 355 | 396 | 442 | |||
| add depreciation | 10 | 11 | 13 | 15 | 17 | 19 | 21 | 23 | 26 |
| less capex | (8) | (19) | (60) | (125) | (139) | (122) | (99) | (69) | (31) |
| less working-capital build | — | (75) | (84) | (93) | (104) | (116) | |||
| Free cash flow to firm | 160 | 197 | 159 | — | 88 | 132 | 184 | 246 | 320 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 84 | 112 | 141 | 171 | 200 |
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 0, dividends at 33.1% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 341 | 379 | 423 | 472 | 526 | 586 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 379 | 423 | 472 | 526 | 586 | |
| Profit after tax | 305 | 286 | 319 | 355 | 396 | 442 |
| Dividends | (101) | (95) | (105) | (118) | (131) | (146) |
| Balance sheet, year end | ||||||
| Cash | 73 | 67 | 93 | 159 | 274 | 448 |
| Working capital | 653 | 728 | 812 | 905 | 1,009 | 1,125 |
| Net block and other assets | 1,292 | 1,414 | 1,517 | 1,596 | 1,642 | 1,647 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 1,792 | 1,983 | 2,196 | 2,434 | 2,699 | 2,994 |
| Balance check | 0 | 0 | 0 | 0 | (0) | (0) |
| Cash flow | ||||||
| From operations | 227 | 254 | 283 | 315 | 352 | |
| Investing (capex) | (139) | (122) | (99) | (69) | (31) | |
| Financing (dividends) | (95) | (105) | (118) | (131) | (146) | |
| Net change in cash | (6) | 26 | 66 | 115 | 174 | |
| Free cash flow to equity | 88 | 132 | 184 | 246 | 320 | |
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 | 11.5% | 16.5% | 11.00% | 5% | ₹4,062 | (63.8)% |
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.