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Model Note · ALLDIGI TECH LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ALLDIGI TECH LIMITED Discounted cash flow · base FY26
ALLDIGI TECH LIMITED
Value per share, this model₹1,095
CMP 2026-09-10₹795.20
Difference37.7%
Growth the CMP implies0.9%/yr
This note states the assumptions and the arithmetic of one model of ALLDIGI TECH 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
9.5% a year
FY26 9.6% · 5-yr CAGR 16.7%
EBITDA margin
25.8%
FY26 25.8% · 5-yr average 25.0%
Depreciation · capex, % of revenue
9.8% · 4.8%, fading to 1.2× depreciation
FY26 9.8% · 4.8%
Working capital, % of added revenue · tax
1.9% · 14.7%
7 working-capital days · effective 14.7%
Discount rate
11.00%
1-yr beta 0.77
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(85) · ₹0 · ₹0 cr
FY26 net debt ₹(85) cr
Shares
1.52 crore
1.52 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
599
656
718
786
861
942
growth %
9.6
9.5
9.5
9.5
9.5
9.5
EBITDA
154
169
185
203
222
243
Depreciation
(59)
(64)
(70)
(77)
(84)
(92)
NOPAT
82
89
98
107
117
129
less capex
(28)
(31)
(47)
(65)
(86)
(111)
less working-capital build
—
(1)
(1)
(1)
(1)
(2)
Free cash flow to firm
—
121
120
118
114
109
Present value
115
103
91
79
68
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 · ALLDIGI TECH LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
456
PV of the terminal value (71% of EV)
1,128
Enterprise value
1,584
less net debt
85
less non-controlling interest
0
add non-operating investments
0
Equity value
1,669
÷ 1.52 crore shares
₹1,095
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
1,128
1,202
1,290
1,398
1,534
10.5%
1,050
1,111
1,184
1,271
1,377
11.0%
983
1,035
1,095
1,166
1,251
11.5%
925
969
1,020
1,079
1,149
12.0%
875
912
955
1,005
1,063
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
