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 · AUTOMOTIVE STAMPINGS & AS · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AUTOMOTIVE STAMPINGS & AS Discounted cash flow · base FY26
AUTOMOTIVE STAMPINGS & AS
Value per share, this model₹529
CMP 2026-09-10₹461.00
Difference14.9%
Growth the CMP implies10.5%/yr
This note states the assumptions and the arithmetic of one model of AUTOMOTIVE STAMPINGS & AS, 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
15% a year
FY26 14.9% · 5-yr CAGR 21.3%
EBITDA margin
6.4%
FY26 6.4% · 5-yr average 7.0%
Depreciation · capex, % of revenue
2.2% · 0.8%, fading to 1.2× depreciation
FY26 2.2% · 0.8%
Working capital, % of added revenue · tax
4.9% · -10.1%
18 working-capital days · effective (10.1)%
Discount rate
11.00%
1-yr beta 1.12
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
1.59 crore
1.59 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
891
1,024
1,178
1,354
1,558
1,791
growth %
14.9
15.0
15.0
15.0
15.0
15.0
EBITDA
57
66
75
87
100
115
Depreciation
(20)
(23)
(26)
(30)
(34)
(39)
NOPAT
41
47
54
63
72
83
less capex
(7)
(8)
(15)
(23)
(34)
(47)
less working-capital build
—
(7)
(8)
(9)
(10)
(11)
Free cash flow to firm
—
55
58
60
62
63
Present value
52
50
47
43
40
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 · AUTOMOTIVE STAMPINGS & AS · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
232
PV of the terminal value (74% of EV)
659
Enterprise value
891
less net debt
(51)
less non-controlling interest
0
add non-operating investments
0
Equity value
840
÷ 1.59 crore shares
₹529
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
548
589
639
700
776
10.5%
504
539
579
628
688
11.0%
467
496
529
569
617
11.5%
434
459
487
521
560
12.0%
406
427
451
479
512
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
