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Model Note · AGI GREENPAC LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AGI GREENPAC LIMITED Discounted cash flow · base FY26
AGI GREENPAC LIMITED
Value per share, this model₹594
CMP 2026-09-10₹764.00
Difference(22.3)%
Growth the CMP implies25.5%/yr
This note states the assumptions and the arithmetic of one model of AGI GREENPAC LIMITED, 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
5.5% a year
FY26 5.4% · 5-yr CAGR —%
EBITDA margin
22.1%
FY26 22.1% · 5-yr average 23.2%
Depreciation · capex, % of revenue
6.4% · 14.9%, fading to 1.2× depreciation
FY26 6.4% · 14.9%
Working capital, % of added revenue · tax
25.5% · 24.5%
93 working-capital days · effective 24.5%
Discount rate
11.00%
1-yr beta 1.39
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹161 · ₹0 · ₹0 cr
FY26 net debt ₹161 cr
Shares
6.47 crore
6.47 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
2,665
2,812
2,967
3,130
3,302
3,483
growth %
5.4
5.5
5.5
5.5
5.5
5.5
EBITDA
590
621
656
692
730
770
Depreciation
(171)
(180)
(190)
(200)
(211)
(223)
NOPAT
316
333
352
371
391
413
less capex
(397)
(419)
(388)
(353)
(313)
(268)
less working-capital build
—
(37)
(39)
(42)
(44)
(46)
Free cash flow to firm
—
57
114
176
246
322
Present value
54
97
136
170
201
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 · AGI GREENPAC LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
659
PV of the terminal value (84% of EV)
3,344
Enterprise value
4,003
less net debt
(161)
less non-controlling interest
0
add non-operating investments
0
Equity value
3,842
÷ 6.47 crore shares
₹594
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
615
667
729
804
899
10.5%
562
605
655
716
790
11.0%
516
552
594
644
703
11.5%
476
507
542
583
632
12.0%
441
468
498
533
573
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
