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Model Note · ALL E TECHNOLOGIES LTD · 31 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ALL E TECHNOLOGIES LTD Discounted cash flow · base FY26
ALL E TECHNOLOGIES LTD
Value per share, this model₹186
CMP, 30 Oct 2026₹114.00
Difference62.9%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of ALL E TECHNOLOGIES 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 (1.5)% · 5-yr CAGR —%
EBITDA margin
16.8%
FY26 16.8% · 5-yr average 19.0%
Depreciation · capex, % of revenue
0% · 4.1%, fading to 1.2× depreciation
FY26 0.0% · 4.1%
Working capital, % of added revenue · tax
0% · 23.2%
0 working-capital days · effective 23.2%
Discount rate
11.00%
1-yr beta 1.22
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(149) · ₹0 · ₹0 cr
FY26 net debt ₹(149) cr
Shares
2.02 crore
2.02 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
138
136
134
132
130
128
growth %
(1.5)
(1.5)
(1.5)
(1.5)
(1.5)
(1.5)
EBITDA
23
23
22
22
22
21
Depreciation
0
0
0
0
0
0
NOPAT
18
18
17
17
17
16
less capex
(6)
(6)
(4)
(3)
(1)
0
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
12
13
14
15
16
Present value
11
11
11
11
10
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 · ALL E TECHNOLOGIES LTD · 31 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
55
PV of the terminal value (76% of EV)
171
Enterprise value
226
less net debt
149
less non-controlling interest
0
add non-operating investments
0
Equity value
375
÷ 2.02 crore shares
₹186
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
189
198
208
220
236
10.5%
180
187
196
206
218
11.0%
173
179
186
194
204
11.5%
166
171
177
184
192
12.0%
160
165
170
175
182
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
