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Model Note · ATLANTA ELECTRICALS LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ATLANTA ELECTRICALS LTD Discounted cash flow · base FY26
ATLANTA ELECTRICALS LTD
Value per share, this model₹483
CMP 2026-09-10₹1,785.30
Difference(72.9)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of ATLANTA ELECTRICALS 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
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
18.5%
FY26 18.5% · 5-yr average 18.5%
Depreciation · capex, % of revenue
1.4% · 6.3%, fading to 1.2× depreciation
FY26 1.4% · 6.3%
Working capital, % of added revenue · tax
21.1% · 26.9%
77 working-capital days · effective 26.9%
Discount rate
11.00%
1-yr beta 0.93
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹40 · ₹0 · ₹0 cr
FY26 net debt ₹40 cr
Shares
7.69 crore
7.69 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
1,852
2,000
2,160
2,332
2,519
2,720
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
343
370
400
431
466
503
Depreciation
(26)
(28)
(30)
(33)
(35)
(38)
NOPAT
232
250
270
292
315
340
less capex
(116)
(126)
(111)
(93)
(71)
(46)
less working-capital build
—
(31)
(34)
(36)
(39)
(43)
Free cash flow to firm
—
121
155
195
239
290
Present value
115
133
150
166
181
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 · ATLANTA ELECTRICALS LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
745
PV of the terminal value (80% of EV)
3,011
Enterprise value
3,756
less net debt
(40)
less non-controlling interest
0
add non-operating investments
0
Equity value
3,716
÷ 7.69 crore shares
₹483
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
500
539
585
643
714
10.5%
459
491
529
575
632
11.0%
424
451
483
521
566
11.5%
394
417
444
475
512
12.0%
367
387
410
436
467
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
