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 · BASILIC FLY STUDIO LTD · 28 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
BASILIC FLY STUDIO LTD Discounted cash flow · base FY26
BASILIC FLY STUDIO LTD
Value per share, this model₹273
CMP, 27 Oct 2026₹180.00
Difference51.7%
Growth the CMP implies(3.6)%/yr
This note states the assumptions and the arithmetic of one model of BASILIC FLY STUDIO 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 34.1% · 5-yr CAGR —%
EBITDA margin
20.1%
FY26 20.1% · 5-yr average 20.1%
Depreciation · capex, % of revenue
4% · 17.9%, fading to 1.2× depreciation
FY26 4.0% · 17.9%
Working capital, % of added revenue · tax
28.1% · 23.6%
103 working-capital days · effective 23.6%
Discount rate
11.00%
1-yr beta 1.26
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹20 · ₹0 · ₹0 cr
FY26 net debt ₹20 cr
Shares
2.75 crore
2.75 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
408
530
689
896
1,165
1,514
growth %
34.1
30.0
30.0
30.0
30.0
30.0
EBITDA
82
107
139
180
234
304
Depreciation
(16)
(21)
(28)
(36)
(47)
(61)
NOPAT
50
65
85
110
143
186
less capex
(73)
(95)
(101)
(102)
(94)
(73)
less working-capital build
—
(34)
(45)
(58)
(76)
(98)
Free cash flow to firm
—
(43)
(33)
(14)
20
76
Present value
(41)
(28)
(11)
14
47
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 · BASILIC FLY STUDIO LTD · 28 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(18)
PV of the terminal value (102% of EV)
789
Enterprise value
771
less net debt
(20)
less non-controlling interest
0
add non-operating investments
0
Equity value
751
÷ 2.75 crore shares
₹273
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
284
313
347
389
441
10.5%
255
278
306
340
381
11.0%
230
250
273
301
334
11.5%
208
225
245
268
295
12.0%
189
204
221
240
262
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
