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Model Note · ACTION CONST EQUIP LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ACTION CONST EQUIP LTD Discounted cash flow · base FY26
ACTION CONST EQUIP LTD
Value per share, this model₹381
CMP 2026-09-10₹1,131.00
Difference(66.3)%
Growth the CMP implies25.2%/yr
This note states the assumptions and the arithmetic of one model of ACTION CONST EQUIP 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
-1.5% a year
FY26 (1.4)% · 5-yr CAGR 21.7%
EBITDA margin
15.4%
FY26 15.4% · 5-yr average 12.8%
Depreciation · capex, % of revenue
1.1% · 2.8%, fading to 1.2× depreciation
FY26 1.1% · 2.8%
Working capital, % of added revenue · tax
0% · 25.4%
-3 working-capital days · effective 25.4%
Discount rate
11.00%
1-yr beta 0.98
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(64) · ₹0 · ₹0 cr
FY26 net debt ₹(64) cr
Shares
11.91 crore
11.91 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
3,280
3,231
3,183
3,135
3,088
3,042
growth %
(1.4)
(1.5)
(1.5)
(1.5)
(1.5)
(1.5)
EBITDA
504
498
490
483
476
468
Depreciation
(35)
(36)
(35)
(34)
(34)
(33)
NOPAT
350
345
340
334
329
324
less capex
(93)
(90)
(77)
(65)
(52)
(40)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
290
297
304
311
318
Present value
275
254
234
216
199
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 · ACTION CONST EQUIP LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
1,178
PV of the terminal value (74% of EV)
3,300
Enterprise value
4,479
less net debt
64
less non-controlling interest
0
add non-operating investments
0
Equity value
4,543
÷ 11.91 crore shares
₹381
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
394
421
454
495
545
10.5%
364
387
415
447
487
11.0%
340
359
381
408
440
11.5%
318
334
353
376
402
12.0%
299
313
329
348
370
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
