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Model Note · ALKYL AMINES CHEM. LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ALKYL AMINES CHEM. LTD
Discounted cash flow · base FY20

ALKYL AMINES CHEM. LTD

Value per share, this model988
CMP 2026-09-101,863.00
Difference(47.0)%
Growth the CMP implies39.0%/yr

This note states the assumptions and the arithmetic of one model of ALKYL AMINES CHEM. LTD, built on its filed FY20 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

InputThis modelFiled reference
Revenue growth, 5 years17.5% a yearFY20 17.3% · 5-yr CAGR %
EBITDA margin27.4%FY20 27.4% · 5-yr average 23.4%
Depreciation · capex, % of revenue2.7% · 0%, fading to 1.2× depreciationFY20 2.7% · 0.0%
Working capital, % of added revenue · tax17.8% · 18.4%65 working-capital days · effective 18.4%
Discount rate11.00%1-yr beta 1.41
After FY255% flat · mid-year discounting
Net debt · non-controlling interest · non-operating investments16 · ₹0 · ₹0 crFY20 net debt ₹16 cr
Shares5.12 crore5.12 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.

Projected cash flow to the firm

₹ croreFY20FY21FY22FY23FY24FY25
Revenue9931,1671,3711,6111,8932,224
growth %17.317.517.517.517.517.5
EBITDA272320376441519609
Depreciation(27)(31)(37)(43)(51)(60)
NOPAT200235276325381448
less capex00(11)(26)(46)(72)
less working-capital build(31)(36)(43)(50)(59)
Free cash flow to firm236266299336377
Present value224227231233236
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 · ALKYL AMINES CHEM. LTD · 11 September 2026Page 2 of 2

From enterprise to equity

PV of the 5 explicit years1,151
PV of the terminal value (77% of EV)3,918
Enterprise value5,069
less net debt(16)
less non-controlling interest0
add non-operating investments0
Equity value5,053
÷ 5.12 crore shares988
Source: the model.

Sensitivity, ₹ per share

WACC ↓ · terminal growth →4.0%4.5%5.0%5.5%6.0%
10.0%1,0211,0971,1891,3011,441
10.5%9411,0041,0791,1691,279
11.0%8729269881,0611,150
11.5%8138589119721,044
12.0%761800845896956
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