Models
YUKEN INDIA LIMITEDYUKENIndustrial Products
₹-8per 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₹(8)implied FY26 P/E (0.7)× · EV/EBITDA 1.4×
Against CMP ₹1,130.00−100.7%close of 8 Oct 2026
Growth the CMP implies—%no growth rate between −20% and 45% a year brings the value to the CMP on your other inputs
Value after FY31204%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
₹(38)₹54
52-week rangetraded range, a fact not a value
₹584₹1,334
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | (73) |
| PV of terminal value | 144 |
| Enterprise value | 71 |
| less net debt | (81) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | (10) |
| ÷ 1.36 crore shares | ₹(8) |
204% 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) | 6 | 19 | 35 | 54 |
| 10.50% | (15) | (6) | 4 | 17 | 32 |
| 11.00% | (24) | (16) | (8) | 3 | 15 |
| 11.50% | (31) | (25) | (18) | (9) | 1 |
| 12.00% | (38) | (33) | (26) | (19) | (11) |
The outlined cell is your model. Green figures sit above the CMP of ₹1,130.00; 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 | (47) · (8) · 33 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.91 |
| Rank correlation with discount rate | −0.37 |
| Rank correlation with revenue growth | −0.09 |
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 | 372 | 423 | 457 | 462 | 467 | 471 | 476 | 481 | 486 |
| growth % | 12.5 | 13.5 | 8.2 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| EBITDA | 35 | 45 | 55 | 51 | 51 | 51 | 52 | 52 | 53 |
| margin % | 9.3 | 10.6 | 12.0 | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 |
| less depreciation | (13) | (15) | (17) | (21) | (21) | (22) | (22) | (22) | (22) |
| EBIT | 22 | 30 | 38 | 29 | 29 | 30 | 30 | 30 | 31 |
| less tax on EBIT | (10) | (10) | (10) | (10) | (10) | (11) | |||
| NOPAT | 19 | 19 | 19 | 20 | 20 | 20 | |||
| add depreciation | 13 | 15 | 17 | 21 | 21 | 22 | 22 | 22 | 22 |
| less capex | (40) | (38) | (55) | (83) | (84) | (70) | (56) | (42) | (27) |
| less working-capital build | — | (2) | (2) | (2) | (2) | (2) | |||
| Free cash flow to firm | (9) | (5) | (5) | — | (45) | (31) | (16) | (1) | 14 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | (43) | (26) | (12) | (1) | 9 |
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 103, dividends at 14% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 29 | 29 | 30 | 30 | 30 | 31 |
| Interest at 11.2% on debt | (12) | (12) | (12) | (12) | (12) | |
| Profit before tax | 18 | 18 | 18 | 19 | 19 | |
| Profit after tax | 14 | 12 | 12 | 12 | 12 | 12 |
| Dividends | (2) | (2) | (2) | (2) | (2) | (2) |
| Balance sheet, year end | ||||||
| Cash | 22 | (32) | (72) | (97) | (108) | (103) |
| Working capital | 163 | 165 | 167 | 168 | 170 | 172 |
| Net block and other assets | 449 | 512 | 560 | 595 | 614 | 618 |
| Debt | 103 | 103 | 103 | 103 | 103 | 103 |
| Equity | 373 | 383 | 393 | 404 | 414 | 425 |
| Balance check | 0 | (0) | 0 | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 32 | 32 | 32 | 33 | 33 | |
| Investing (capex) | (84) | (70) | (56) | (42) | (27) | |
| Financing (dividends) | (2) | (2) | (2) | (2) | (2) | |
| Net change in cash | (54) | (40) | (25) | (11) | 5 | |
| Free cash flow to equity | (53) | (38) | (24) | (9) | 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 | 1% | 10.9% | 11.00% | 5% | ₹(8) | (100.7)% |
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.