Executive Dashboard
Shiva Green Energy · 5 TPH Biomass Pellet Plant · Lean Base Case · No Solar · Aug 2026
Project IRR (10-Year)
108.9%
Equity IRR: 231.9%
Unlevered project return on total capital. Target > 14% WACC.
Project NPV @ 14%
₹39.1 Cr
Discount Rate 14%
Simple Payback
Yr 1.1
Project FCF basis
Year 1 Revenue
₹18.0 Cr
75% util · 22,500 T
Year 2 Revenue
₹23.5 Cr
95% util · steady state
Year 2 PAT
₹6.82 Cr
Margin: 29.0%
DSCR (Year 2)
9.58x
Target > 1.5x (CGTMSE)
Revenue vs Total Cost
10-Year trend · ₹ Crores
Funding Structure
Equity vs Debt · ₹6.25 Cr total
Partner Equity
₹2.50 Cr
40.0%
Debt (CGTMSE)
₹3.75 Cr
60.0%
EBITDA & PAT Trend
Operating profitability · ₹ Crores
CAPEX Breakdown
Uses of funds
Cumulative Project Cash Flow — Payback Visualization
Payback at Year ~1.1 · ₹ Crores
Investment Committee Recommendation
GO WITH CONDITIONSOverall Project Data Confidence Score: 7.0 / 10 — rises to 8.5+/10 once offtake LOI, final quotes, incorporation and lease are complete.
Convert partnership firm into a Private Limited Company with clear shareholding.
Execute clean, registered 30-year lease deed for the 10–12 acre parcel.
Obtain at least one written vendor registration/LOI from NTPC, Rosa or equivalent TPP.
Finalise machinery quotation from proven OEM for 5 TPH line within ₹3.0–3.5 Cr envelope.
Secure CGTMSE-backed term loan + WC sanction with DSCR covenant ≥ 1.50x.
Maintain minimum ₹1.4 Cr working capital buffer at COD; do not treat WC as residual.
Complete environmental / consent-to-establish clearances before civil works.
(Optional) Explore Phase-2 500–1000 kW solar once Year-1 cash flows are proven.
Bank Financeable
CGTMSE eligible — with proper DPR, offtake evidence, Udyam registration, DSCR covenant
Investor Attractive
More attractive at 5 TPH than 2 TPH — better scale economics for strategic and financial investors
Key Risk
Feedstock supply + offtake volume shortfall are the two highest-impact risks. Mitigate with contracts before drawdown.
Project IRR Sensitivity Heatmap
Selling Price vs Steady-State Utilisation
| Price \ Utilisation → | 55% | 65% | 75% | 85% | 95% | 100% |
|---|---|---|---|---|---|---|
| ₹7,000/t | 56.9% | 63.6% | 69.7% | 75.4% | 80.8% | 83.3% |
| ₹7,500/t | 68.8% | 76.1% | 82.8% | 89.0% | 94.8% | 97.6% |
| ₹8,000/t | 80.9% | 88.7% | 95.9% | 102.6% | 108.9% | 111.9% |
| ₹8,500/t | 93.1% | 101.4% | 109.1% | 116.2% | 122.9% | 126.1% |
| ₹9,000/t | 105.5% | 114.3% | 122.3% | 129.8% | 136.8% | 140.2% |
| ₹9,500/t | 118.1% | 127.2% | 135.6% | 143.4% | 150.8% | 154.3% |
| ₹10,000/t | 130.7% | 140.1% | 148.9% | 157.0% | 164.7% | 168.3% |
Model Notes & Assumptions
- 1.Solar has been dropped from the Base Case. Power cost is full grid (₹1,100/tonne).
- 2.Carbon credits treated as Upside only — not included in Base P&L.
- 3.All amber cells on Assumptions sheet are editable inputs — changes recalculate instantly.
- 4.Model uses conservative-to-realistic assumptions for bankability.
- 5.Entity currently partnership firm — conversion to Pvt Ltd recommended before large debt.
- 6.CAPEX scaled non-linearly: machinery ~2.5×, civil ~1.9×, WC ~3.5× vs 2 TPH baseline.
- 7.10-year explicit forecast with simplified debt amortisation. No terminal value in IRR/NPV.