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What is your business
actually worth?

Five years of cash flow discounted back to today, cross-checked against what buyers pay for comparable companies, with the discount for being unlisted applied in the open rather than hidden in a multiple. Across 24 sectors.

DCF and EV/EBITDA, side by side

Sensitivity on every assumption

Tells you when your numbers do not hold

Five numbers to start

Everything else has a sensible default for your sector. Open the full model only if you want to argue with it.

Indicative equity value
₹0to₹0

A valuation is a range. Anyone who hands you a single number for a private business is selling something. The two methods below are deliberately different ways of getting at the same question, and the distance between them tells you how firm the answer is.

Discounted cash flow

₹2.97 Cr

What five years of free cash flow plus a terminal value are worth today at 14%. Implies 4.2x current EBITDA.

Comparable multiple

₹5.46 Cr

₹70.00 L EBITDA at 12x, less net debt, then 35% off because the shares are not listed. Before that discount it would be ₹8.40 Cr.

Before you believe that number

The two methods are 1.8x apart

The cash flow model says 4.2x EBITDA while you have applied a 12x comparable. That gap is almost always capex and working capital: this business reinvests 5% of revenue and absorbs 25 paise of working capital per rupee of growth, so less of the EBITDA reaches the owner than the multiple assumes. Either the reinvestment assumptions are too heavy, or the comparable is too generous for a business that needs this much cash to grow.

66%

Value sitting in the terminal value

The share of the answer that depends on what happens after year five rather than during it.

3.1x

Exit multiple the model implies

What your terminal value says the business sells for in year five. Listed peers: 8x to 18x.

₹70.00 L

Current EBITDA

14% of revenue. Every rupee here is worth roughly 12 rupees of enterprise value.

How much does the answer move?

Equity value as the discount rate and the perpetual growth rate shift around your assumptions. If the corners of this grid are far apart, the valuation is a conversation rather than a figure, and this is the grid to put in front of whoever disagrees with you.

WACC ↓ / growth →3%3.5%4%4.5%5%
12%₹3.39 Cr₹3.53 Cr₹3.70 Cr₹3.89 Cr₹4.11 Cr
13%₹3.05 Cr₹3.16 Cr₹3.29 Cr₹3.44 Cr₹3.60 Cr
14%₹2.77 Cr₹2.86 Cr₹2.97 Cr₹3.08 Cr₹3.20 Cr
15%₹2.54 Cr₹2.62 Cr₹2.70 Cr₹2.79 Cr₹2.89 Cr
16%₹2.35 Cr₹2.41 Cr₹2.48 Cr₹2.55 Cr₹2.63 Cr

The ringed cell is your current assumption. Cells marked n/a are combinations where growth meets or beats the discount rate, which has no finite answer.

Nothing you type here is sent anywhere or stored. The assumptions live in the page address itself, so the link above reopens exactly this model on any device.

If the number has to go on a form, stop here

There is a difference between wanting to know roughly what your company is worth and needing a figure that will survive a regulator. The moment a valuation is attached to a filing, the law stops caring what the number is and starts caring who signed it.

  • Issuing shares at a premium. A preferential allotment under section 62(1)(c) of the Companies Act needs a report from a Registered Valuer enrolled with the IBBI. Nobody else can sign it.
  • Any share dealing with an NRI or foreign investor. FEMA pricing guidelines decide the floor or ceiling, and the valuation certificate has to come from one of the professionals the rules authorise for it, starting with a SEBI-registered merchant banker. Getting this wrong is a contravention that has to be compounded with the RBI later.
  • Income tax. The angel-tax charge under section 56(2)(viib) was withdrawn with effect from assessment year 2025-26, but fair value still bites elsewhere. Section 56(2)(x) taxes the person who receives shares below fair value, and section 50CA deems the seller of unquoted shares to have received fair value whatever the agreement says. Both point at Rule 11UA.

We work out which of the above your transaction actually triggers, get the accounts into a state the valuer can work from, and bring in the right signatory. Walking into that conversation already knowing roughly where the number should land, which is what this page is for, saves a great deal of time.

How this one differs

Most free valuation calculators make the same mistake in the cash flow. They work out operating profit as revenue less cost of goods less overheads, which is EBITDA, charge tax on that figure, and then add depreciation back on top. Depreciation therefore never reduces the tax bill but still increases cash flow, so free cash flow comes out too high every year and the error compounds into the terminal value. The whole reason depreciation belongs in a valuation is the tax it saves. Here it is subtracted before tax and added back after, which is the correct order and usually produces a noticeably lower, more honest number.

The second difference is about where the multiples come from. Published EV/EBITDA figures are drawn from listed companies, and a listed company is not what you own. Quoting a listed multiple at the owner of an unlisted business in Rajkot or Junagadh flatters the answer by a wide margin. So the comparable method here applies a discount for lack of marketability as a visible, adjustable slider, and shows you the figure both before and after, rather than burying the assumption.

The third is that the tool argues with you. If the terminal value is carrying three-quarters of the answer, if your perpetual growth rate would eventually make you larger than the economy, if the exit multiple your model implies is richer than anything the listed market pays, or if your two methods are miles apart, it says so and explains which assumption caused it. A number without that context is worse than no number, because it gets quoted.

Finally, there is no email gate. You should not have to hand over your name and address to find out roughly what your own company is worth.

FAQ

The questions that follow the number

How accurate is this?

It is an indicative range, not a valuation. The arithmetic is correct and the methods are the ones a professional would use, but the answer is only ever as good as the five numbers you typed. A real valuation starts by normalising the accounts — adding back the promoter's personal expenses, charging a market salary where none is taken, stripping out one-off income, and checking whether the receivables are actually collectable. None of that can be done by a web page.

What is EBITDA, and where do I find mine?

Earnings before interest, tax, depreciation and amortisation. Take the profit before tax in your profit and loss account, add back the interest you paid on loans, then add back depreciation. That is EBITDA. It is used instead of net profit because it strips out how the business is financed and how aggressively it depreciates its assets, which makes two businesses comparable.

Why do the two methods give different answers?

Because they ask different questions. The cash flow method asks what the business will actually put in your pocket over time, so it punishes a company that must keep buying machinery and funding stock to grow. The multiple method asks what buyers have recently paid for similar businesses, which bakes in sentiment and scarcity. When they diverge sharply the usual culprit is capital expenditure or working capital: a business that eats cash to grow is worth less than its EBITDA suggests, however good the multiple looks.

Why does the tool knock 35% off for being private?

Because a listed share can be sold on Monday morning at a published price and yours cannot. A buyer of an unlisted company also faces thinner disclosure, a business that often depends on one promoter, and no easy exit. Discounts for lack of marketability are standard practice and commonly sit between 20% and 30%, and a small company usually carries a further size discount on top, which is why the default here is 35%. The slider matters because the right number depends on your business: a company with a professional management team and audited accounts deserves a smaller haircut than one run entirely out of the founder's head.

What discount rate should I use?

The discount rate is the return a buyer wants for taking the risk. Indian government bonds alone yield around 6.5 to 7 percent, and an equity investor expects a good deal more than that. Add the extra return demanded for a company that is small, illiquid and dependent on one or two people and most unlisted Indian businesses land somewhere in the low-to-mid teens. It is the single most powerful input on this page, which is why there is a sensitivity grid under the result.

Can I use this output for a bank, the Income Tax Department, or a share transfer?

No. Statutory valuations have to be signed by someone holding a specific registration. A preferential allotment under section 62(1)(c) of the Companies Act needs a report from a Registered Valuer enrolled with the IBBI. Issuing or transferring shares to a non-resident has to meet FEMA pricing guidelines, with a valuation certificate from one of the professionals the rules authorise for it. Sections 56(2)(x) and 50CA of the Income Tax Act bring their own fair-value rules under Rule 11UA. Use this tool to get your bearings before any of those conversations, not instead of them.

My business is loss-making. What then?

Neither method here will work, because both start from operating profit. Loss-making businesses get valued on revenue multiples, on the value of their assets, or on what it would cost somebody to build the same thing from scratch. If you are pre-profit but growing fast, the revenue multiple route is usually the honest one, and the number will depend far more on your growth rate and retention than on anything in this calculator.

Is anything I type here sent to you?

No. There is no sign-up, no email box and nothing is transmitted or stored. Every calculation happens in your own browser, and your assumptions live in the page address, which is why the share link reopens the exact model you built. If you want us to look at it, you have to send it to us deliberately.

Please read this bit. The figures this page produces are an automated, unaudited estimate generated entirely from assumptions you entered. They are not a valuation, not a certificate, and not advice on whether to buy, sell or invest in anything. Nothing has been verified or audited by us. Do not present this output for any statutory, regulatory, tax, banking or transactional purpose. Industry figures shown are broad indicative ranges included so the form is not empty, not researched estimates for your company.

Want the Number Someone Will Actually Accept?

We will normalise the accounts, work out which rule your transaction falls under, and bring in the registered valuer or merchant banker it has to be signed by. Tell us what the valuation is for and we will tell you what it needs.

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