Stell Authority of india limited

1 Market end share price

Price Dividend DIVIDEND(%)

2013-14 242.8 2 100

2014-15 179 2 100
2015-16 169.9 2 100
2016-17 266.85 2 100
2017-18 273.95 0.8 40
2018-19 218.55 2 100

Historical Return

2013-14 0.000
2014-15 -26.277
2015-16 -5.084
2016-17 57.063
2017-18 2.661
2018-19 -20.223

Average Mean 1.628

Historical Return Standard Deviation

Risk Free Rate (182 days) 5.14

0.0514
Beta 1.94
Cost of Equity By CAPM Method

Expected Rate of return E (r)

1 Year E (r)

Years Price Dividend Dividend %

2012-13 289.2 2 100
2013-14 242.8 2 100
 2014-15 179 2 100
2015-16 169.9 2 100
2016-17 266.85 2 100
2017-18 273.95 0.8 40
2018-19 218.55 2 100
average growth change

Expected value of share in 2019-18

D0 100% of 218.55 218.55

D1 D0*(1+g) 257.889

P0 D1/(COST OF Equity - G) 38.5532652981877

years 2019
4 finance cost 739.94
long term borrowing 1999.89

cost of debt 0.369990349469

cost of equity 6.869161034879
cost of capital 7.239151384348
YOY Return Average Annual Return

1.62808215071041 5 Years
-26.277
-5.084
57.063
2.661
-20.223

Mean + σ
Mean - σ
33.073

Risk Free Rate + Beta * ( Market return - Risk free Rate)

6.86916103487926

%change in dividend

0
 0
0
0
-60
150
18
0.18
 Holding Period (5 Years)
-9.98764415157
Average Annual Return
-1.99752883031

Maximum Return (1.628+33.073) 34.70102961822

Minimum Return (1.628-33.073) -31.4448653168

year return yoy

2014 18182.73
2015 18467.02 1.563516589643
2016 19186.7 3.897109549889
2017 20352.45 6.075823356804
2018 22198.5 9.070406756926
2019 24318.4 9.549744352096

average 6.031320121072
% of 218.55

23.86
6.56
30.42