Models
WINRO COMMERCIAL (INDIA) LTD.BSE 512022Finance
₹4,224per share · Base Model Note
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₹4,224implied P/B 0.19× on FY26 book
Against CMP ₹244.45+1628.1%close of 18 Oct 2024
Cost of equity12.39%risk-free + beta × equity risk premium
Book equity, FY26₹22,825per share · excess returns add ₹(18,601)
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 | 2,860 | 3,054 | 3,262 | 3,484 | 3,721 |
| Net income at 6.8% ROE | 194 | 208 | 222 | 237 | 253 |
| Cost of equity charge at 12.39% | (354) | (378) | (404) | (432) | (461) |
| Excess return | (160) | (171) | (182) | (195) | (208) |
| Present value | (151) | (143) | (136) | (129) | (123) |
| Closing book equity | 3,054 | 3,262 | 3,484 | 3,721 | 3,974 |
| Book equity today | 2,860 |
| PV of 5 years of excess return | (683) |
| PV of the terminal excess return, 5% flat | (1,648) |
| add non-operating investments | 0 |
| Equity value | 529 |
| ÷ 0.13 crore shares | ₹4,224 |
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.
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 6.8% | — | 12.39% | 5% | ₹4,224 | 1628.1% |
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.