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Model Note · ACCELYA SOLN INDIA LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ACCELYA SOLN INDIA LTD Discounted cash flow · base FY26
ACCELYA SOLN INDIA LTD
Value per share, this model₹599
CMP 2026-09-10₹1,116.00
Difference(46.3)%
Growth the CMP implies18.3%/yr
This note states the assumptions and the arithmetic of one model of ACCELYA SOLN INDIA LTD, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
2% a year
FY26 2.0% · 5-yr CAGR 14.6%
EBITDA margin
28.6%
FY26 28.6% · 5-yr average 34.2%
Depreciation · capex, % of revenue
9.5% · 0%, fading to 1.2× depreciation
FY26 9.5% · 0.0%
Working capital, % of added revenue · tax
0% · 26.4%
0 working-capital days · effective 26.4%
Discount rate
11.00%
1-yr beta 0.69
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(24) · ₹0 · ₹0 cr
FY26 net debt ₹(24) cr
Shares
1.49 crore
1.49 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
405
413
422
430
439
447
growth %
2.0
2.0
2.0
2.0
2.0
2.0
EBITDA
116
118
121
123
125
128
Depreciation
(38)
(39)
(40)
(41)
(42)
(42)
NOPAT
57
58
59
60
62
63
less capex
0
0
(12)
(25)
(37)
(51)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
97
87
77
66
54
Present value
92
75
59
46
34
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · ACCELYA SOLN INDIA LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
306
PV of the terminal value (65% of EV)
565
Enterprise value
871
less net debt
24
less non-controlling interest
0
add non-operating investments
0
Equity value
895
÷ 1.49 crore shares
₹599
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
617
655
700
755
824
10.5%
577
608
645
689
744
11.0%
542
569
599
636
679
11.5%
512
535
561
591
627
12.0%
486
505
527
553
583
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
