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Model Note · AUTORIDERS INTERNATIONAL LTD. · 9 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AUTORIDERS INTERNATIONAL LTD. Discounted cash flow · base FY26
AUTORIDERS INTERNATIONAL LTD.
Value per share, this model₹219
CMP, 8 Oct 2026₹222.00
Difference(1.5)%
Growth the CMP implies8.4%/yr
This note states the assumptions and the arithmetic of one model of AUTORIDERS INTERNATIONAL 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
27.9%
FY26 27.9% · 5-yr average 27.9%
Depreciation · capex, % of revenue
13.8% · 27.3%, fading to 1.2× depreciation
FY26 13.8% · 27.3%
Working capital, % of added revenue · tax
13.6% · 25.6%
50 working-capital days · effective 25.6%
Discount rate
11.00%
1-yr beta 0.69
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹33 · ₹0 · ₹0 cr
FY26 net debt ₹33 cr
Shares
0.35 crore
0.35 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
101
109
117
127
137
148
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
28
30
33
35
38
41
Depreciation
(14)
(15)
(16)
(17)
(19)
(20)
NOPAT
11
11
12
13
14
16
less capex
(27)
(30)
(29)
(28)
(26)
(24)
less working-capital build
—
(1)
(1)
(1)
(1)
(1)
Free cash flow to firm
—
(4)
(2)
2
6
10
Present value
(4)
(1)
1
4
6
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 · AUTORIDERS INTERNATIONAL LTD. · 9 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
6
PV of the terminal value (95% of EV)
103
Enterprise value
109
less net debt
(33)
less non-controlling interest
0
add non-operating investments
0
Equity value
76
÷ 0.35 crore shares
₹219
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
230
260
295
339
393
10.5%
200
224
253
288
331
11.0%
174
194
219
247
281
11.5%
151
169
189
213
241
12.0%
132
147
164
184
207
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
