Models
WIRES & FABRIKS (SA) LTD.BSE 507817Textiles & Apparels
₹-328per 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₹(328)implied FY26 P/E (381.5)× · EV/EBITDA 0.2×
Against CMP ₹162.00−302.5%close of 2026-09-08
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY31-525%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
₹(375)₹(306)
52-week rangetraded range, a fact not a value
₹119₹255
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 30 |
| PV of terminal value | (25) |
| Enterprise value | 5 |
| less net debt | (105) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (100) |
| ÷ 0.31 crore shares | ₹(328) |
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% | (330) | (338) | (348) | (360) | (375) |
| 10.50% | (322) | (329) | (337) | (347) | (358) |
| 11.00% | (316) | (321) | (328) | (336) | (345) |
| 11.50% | (310) | (315) | (321) | (327) | (335) |
| 12.00% | (306) | (310) | (314) | (320) | (326) |
The outlined cell is your model. Green figures sit above the CMP of ₹162.00; 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 | (422) · (327) · (248) |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.79 |
| Rank correlation with revenue growth | −0.58 |
| Rank correlation with discount rate | +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 | 108 | 109 | 109 | 115 | 122 | 130 | 138 | 146 | 154 |
| growth % | 13.1 | 0.3 | 0.4 | 5.9 | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 |
| EBITDA | 19 | 18 | 18 | 23 | 24 | 26 | 27 | 29 | 31 |
| margin % | 17.2 | 16.2 | 16.2 | 19.8 | 19.8 | 19.8 | 19.8 | 19.8 | 19.8 |
| less depreciation | (12) | (11) | (9) | (14) | (15) | (16) | (17) | (18) | (19) |
| EBIT | 6 | 6 | 8 | 9 | 9 | 10 | 10 | 11 | 12 |
| less tax on EBIT | (4) | (5) | (5) | (5) | (6) | (6) | |||
| NOPAT | 4 | 5 | 5 | 5 | 6 | 6 | |||
| add depreciation | 12 | 11 | 9 | 14 | 15 | 16 | 17 | 18 | 19 |
| less capex | (11) | (9) | (55) | (1) | (1) | (6) | (11) | (16) | (23) |
| less working-capital build | — | (4) | (4) | (4) | (4) | (5) | |||
| Free cash flow to firm | 12 | (6) | (38) | — | 15 | 11 | 7 | 3 | (2) |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 14 | 10 | 6 | 2 | (1) |
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 105, dividends at 14.1% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 9 | 9 | 10 | 10 | 11 | 12 |
| Interest at 7.5% on debt | (8) | (8) | (8) | (8) | (8) | |
| Profit before tax | 1 | 2 | 3 | 3 | 4 | |
| Profit after tax | 0 | 1 | 1 | 1 | 2 | 2 |
| Dividends | (0) | (0) | (0) | (0) | (0) | (0) |
| Balance sheet, year end | ||||||
| Cash | 0 | 11 | 18 | 21 | 20 | 13 |
| Working capital | 60 | 63 | 67 | 71 | 75 | 80 |
| Net block and other assets | 126 | 112 | 102 | 96 | 94 | 98 |
| Debt | 105 | 105 | 105 | 105 | 105 | 105 |
| Equity | 51 | 51 | 52 | 53 | 55 | 56 |
| Balance check | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 12 | 13 | 14 | 15 | 16 | |
| Investing (capex) | (1) | (6) | (11) | (16) | (23) | |
| Financing (dividends) | (0) | (0) | (0) | (0) | (0) | |
| Net change in cash | 11 | 7 | 3 | (1) | (7) | |
| Free cash flow to equity | 11 | 7 | 3 | (1) | (6) | |
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 | 6% | 19.8% | 11.00% | 5% | ₹(328) | (302.5)% |
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.