The note is the current scenario (Base). Download PDF renders this page on the server, fonts and colours exact; Print uses the browser.
Model Note · AMARJOTHI SPINNING MILL L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AMARJOTHI SPINNING MILL L Discounted cash flow · base FY26
AMARJOTHI SPINNING MILL L
Value per share, this model₹250
CMP 2026-09-10₹151.99
Difference64.6%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of AMARJOTHI SPINNING MILL L, 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
-3.5% a year
FY26 (3.5)% · 5-yr CAGR 4.4%
EBITDA margin
13.3%
FY26 13.3% · 5-yr average 13.9%
Depreciation · capex, % of revenue
3.7% · 1.5%, fading to 1.2× depreciation
FY26 3.7% · 1.5%
Working capital, % of added revenue · tax
63.1% · 36.8%
230 working-capital days · effective 36.8%
Discount rate
11.00%
1-yr beta —
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹51 · ₹0 · ₹0 cr
FY26 net debt ₹51 cr
Shares
0.68 crore
0.68 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
222
214
207
200
193
186
growth %
(3.5)
(3.5)
(3.5)
(3.5)
(3.5)
(3.5)
EBITDA
29
29
28
27
26
25
Depreciation
(8)
(8)
(8)
(7)
(7)
(7)
NOPAT
13
13
13
12
12
11
less capex
(3)
(3)
(5)
(6)
(7)
(8)
less working-capital build
—
5
5
5
4
4
Free cash flow to firm
—
23
20
18
16
14
Present value
21
17
14
11
9
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 · AMARJOTHI SPINNING MILL L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
73
PV of the terminal value (67% of EV)
147
Enterprise value
220
less net debt
(51)
less non-controlling interest
0
add non-operating investments
0
Equity value
169
÷ 0.68 crore shares
₹250
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
260
282
308
340
380
10.5%
237
255
276
302
333
11.0%
217
232
250
271
296
11.5%
200
213
228
245
266
12.0%
185
196
209
224
241
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
