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Model Note · AURIONPRO SOLN LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AURIONPRO SOLN LTD Discounted cash flow · base FY26
AURIONPRO SOLN LTD
Value per share, this model₹824
CMP 2026-09-10₹686.00
Difference20.1%
Growth the CMP implies13.3%/yr
This note states the assumptions and the arithmetic of one model of AURIONPRO SOLN 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
20.5% a year
FY26 20.3% · 5-yr CAGR 30.4%
EBITDA margin
19.6%
FY26 19.6% · 5-yr average 21.2%
Depreciation · capex, % of revenue
2.8% · 12.1%, fading to 1.2× depreciation
FY26 2.8% · 12.1%
Working capital, % of added revenue · tax
20.3% · 15.9%
74 working-capital days · effective 15.9%
Discount rate
11.00%
1-yr beta 1.44
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(81) · ₹0 · ₹0 cr
FY26 net debt ₹(81) cr
Shares
5.38 crore
5.38 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
1,411
1,700
2,049
2,469
2,975
3,585
growth %
20.3
20.5
20.5
20.5
20.5
20.5
EBITDA
276
333
402
484
583
703
Depreciation
(39)
(48)
(57)
(69)
(83)
(100)
NOPAT
199
240
289
349
420
507
less capex
(170)
(206)
(203)
(191)
(165)
(120)
less working-capital build
—
(59)
(71)
(85)
(103)
(124)
Free cash flow to firm
—
23
73
142
236
363
Present value
22
62
109
164
227
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 · AURIONPRO SOLN LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
584
PV of the terminal value (87% of EV)
3,766
Enterprise value
4,350
less net debt
81
less non-controlling interest
0
add non-operating investments
0
Equity value
4,431
÷ 5.38 crore shares
₹824
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
852
922
1,006
1,108
1,236
10.5%
780
838
906
989
1,089
11.0%
718
767
824
891
972
11.5%
664
706
754
810
876
12.0%
618
653
694
741
796
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
