Models
WEALTH FRST PORT. MG. LTDWEALTHFinance
₹1,186per 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₹1,186implied FY26 P/E 38.3× · EV/EBITDA 25.6×
Against CMP ₹845.00+40.3%close of 2026-09-10
Growth the CMP implies17.2%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
₹900₹1,757
52-week rangetraded range, a fact not a value
₹775₹1,295
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 231 |
| PV of terminal value | 1,031 |
| Enterprise value | 1,263 |
| less net debt | 1 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 1,264 |
| ÷ 1.07 crore shares | ₹1,186 |
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% | 1,227 | 1,323 | 1,439 | 1,580 | 1,757 |
| 10.50% | 1,126 | 1,206 | 1,301 | 1,414 | 1,553 |
| 11.00% | 1,040 | 1,107 | 1,186 | 1,279 | 1,391 |
| 11.50% | 965 | 1,023 | 1,089 | 1,166 | 1,258 |
| 12.00% | 900 | 949 | 1,006 | 1,071 | 1,147 |
The outlined cell is your model. Green figures sit above the CMP of ₹845.00; 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 | 898 · 1,176 · 1,536 |
| Draws below the CMP | 6% |
| Rank correlation with revenue growth | +0.73 |
| Rank correlation with discount rate | −0.46 |
| Rank correlation with ebitda margin | +0.44 |
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 | 29 | 54 | 53 | 68 | 88 | 113 | 145 | 186 | 240 |
| growth % | — | 84.2 | (2.2) | 28.7 | 28.5 | 28.5 | 28.5 | 28.5 | 28.5 |
| EBITDA | 19 | 43 | 39 | 49 | 63 | 82 | 105 | 135 | 173 |
| margin % | 65.4 | 79.5 | 72.7 | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 |
| less depreciation | (0) | (0) | (0) | (0) | (1) | (1) | (1) | (1) | (1) |
| EBIT | 19 | 43 | 38 | 49 | 63 | 81 | 104 | 134 | 172 |
| less tax on EBIT | (13) | (16) | (21) | (27) | (35) | (44) | |||
| NOPAT | 36 | 47 | 60 | 77 | 99 | 127 | |||
| add depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| less capex | (0) | (0) | (0) | (2) | (3) | (3) | (3) | (2) | (2) |
| less working-capital build | — | (10) | (13) | (17) | (21) | (28) | |||
| Free cash flow to firm | 20 | 15 | 10 | — | 35 | 45 | 59 | 76 | 99 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 33 | 38 | 45 | 53 | 62 |
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 46.1% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 49 | 63 | 81 | 104 | 134 | 172 |
| Interest at 8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 63 | 81 | 104 | 134 | 172 | |
| Profit after tax | 39 | 47 | 60 | 77 | 99 | 127 |
| Dividends | (18) | (21) | (28) | (35) | (46) | (59) |
| Balance sheet, year end | ||||||
| Cash | 1 | 14 | 32 | 55 | 85 | 126 |
| Working capital | 35 | 46 | 58 | 75 | 97 | 124 |
| Net block and other assets | 143 | 145 | 147 | 149 | 150 | 151 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 170 | 195 | 228 | 269 | 322 | 391 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 37 | 48 | 61 | 79 | 101 | |
| Investing (capex) | (3) | (3) | (3) | (2) | (2) | |
| Financing (dividends) | (21) | (28) | (35) | (46) | (59) | |
| Net change in cash | 13 | 17 | 23 | 31 | 41 | |
| Free cash flow to equity | 35 | 45 | 59 | 76 | 99 | |
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 | 28.5% | 72.2% | 11.00% | 5% | ₹1,186 | 40.3% |
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.