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Model Note · BANSAL ROOFING PRODUCTS LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
BANSAL ROOFING PRODUCTS LTD Discounted cash flow · base FY26
BANSAL ROOFING PRODUCTS LTD
Value per share, this model₹217
CMP 2026-09-10₹145.50
Difference49.3%
Growth the CMP implies12.1%/yr
This note states the assumptions and the arithmetic of one model of BANSAL ROOFING PRODUCTS 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
30% a year
FY26 59.7% · 5-yr CAGR 30.0%
EBITDA margin
10.3%
FY26 10.3% · 5-yr average 8.2%
Depreciation · capex, % of revenue
1.1% · 2.7%, fading to 1.2× depreciation
FY26 1.1% · 2.7%
Working capital, % of added revenue · tax
11.2% · 25.2%
41 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 0.66
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹3 · ₹0 · ₹0 cr
FY26 net debt ₹3 cr
Shares
1.32 crore
1.32 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
154
201
261
339
441
573
growth %
59.7
30.0
30.0
30.0
30.0
30.0
EBITDA
16
21
27
35
45
59
Depreciation
(2)
(2)
(3)
(4)
(5)
(6)
NOPAT
11
14
18
23
30
39
less capex
(4)
(5)
(6)
(7)
(7)
(8)
less working-capital build
—
(5)
(7)
(9)
(11)
(15)
Free cash flow to firm
—
5
8
11
16
23
Present value
5
7
9
11
15
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 · BANSAL ROOFING PRODUCTS LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
47
PV of the terminal value (84% of EV)
243
Enterprise value
289
less net debt
(3)
less non-controlling interest
0
add non-operating investments
0
Equity value
286
÷ 1.32 crore shares
₹217
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
225
243
265
292
326
10.5%
206
221
239
261
287
11.0%
189
202
217
235
256
11.5%
175
186
199
214
231
12.0%
163
172
183
195
210
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
