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Model Note · AUTOLINE INDUSTRIES LTD · 22 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AUTOLINE INDUSTRIES LTD Discounted cash flow · base FY26
AUTOLINE INDUSTRIES LTD
Value per share, this model₹146
CMP 2026-09-21₹85.35
Difference70.8%
Growth the CMP implies(7.1)%/yr
This note states the assumptions and the arithmetic of one model of AUTOLINE INDUSTRIES 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
25% a year
FY26 25.1% · 5-yr CAGR 23.7%
EBITDA margin
12.2%
FY26 12.2% · 5-yr average 9.3%
Depreciation · capex, % of revenue
2.6% · 9.3%, fading to 1.2× depreciation
FY26 2.6% · 9.3%
Working capital, % of added revenue · tax
21% · 13.9%
77 working-capital days · effective 13.9%
Discount rate
11.00%
1-yr beta 1.62
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹316 · ₹0 · ₹0 cr
FY26 net debt ₹316 cr
Shares
4.54 crore
4.54 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
824
1,030
1,288
1,609
2,012
2,515
growth %
25.1
25.0
25.0
25.0
25.0
25.0
EBITDA
101
126
157
196
245
307
Depreciation
(22)
(27)
(33)
(42)
(52)
(65)
NOPAT
68
85
106
133
166
208
less capex
(77)
(96)
(100)
(100)
(94)
(78)
less working-capital build
—
(43)
(54)
(68)
(84)
(106)
Free cash flow to firm
—
(27)
(14)
7
40
89
Present value
(26)
(12)
6
28
56
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 · AUTOLINE INDUSTRIES LTD · 22 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
52
PV of the terminal value (95% of EV)
926
Enterprise value
978
less net debt
(316)
less non-controlling interest
0
add non-operating investments
0
Equity value
662
÷ 4.54 crore shares
₹146
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
154
174
199
228
266
10.5%
133
150
170
194
223
11.0%
115
129
146
165
189
11.5%
100
112
126
142
161
12.0%
86
96
108
122
138
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
