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Model Note · CENTURY ENKA LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
CENTURY ENKA LTD Discounted cash flow · base FY26
CENTURY ENKA LTD
Value per share, this model₹418
CMP 2026-09-10₹566.00
Difference(26.2)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of CENTURY ENKA 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
-5% a year
FY26 (14.8)% · 5-yr CAGR —%
EBITDA margin
8.6%
FY26 8.6% · 5-yr average 6.5%
Depreciation · capex, % of revenue
3.2% · 2.2%, fading to 1.2× depreciation
FY26 3.2% · 2.2%
Working capital, % of added revenue · tax
16.6% · 21.5%
61 working-capital days · effective 21.5%
Discount rate
11.00%
1-yr beta 0.95
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹13 · ₹0 · ₹0 cr
FY26 net debt ₹13 cr
Shares
2.19 crore
2.19 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
1,705
1,620
1,539
1,462
1,389
1,320
growth %
(14.8)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
146
139
132
126
119
113
Depreciation
(55)
(52)
(49)
(47)
(44)
(42)
NOPAT
71
69
65
62
59
56
less capex
(37)
(36)
(40)
(44)
(48)
(51)
less working-capital build
—
14
13
13
12
12
Free cash flow to firm
—
99
88
77
68
59
Present value
94
75
60
47
37
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 · CENTURY ENKA LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
313
PV of the terminal value (66% of EV)
613
Enterprise value
926
less net debt
(13)
less non-controlling interest
0
add non-operating investments
0
Equity value
913
÷ 2.19 crore shares
₹418
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
431
458
492
533
584
10.5%
401
424
451
484
525
11.0%
375
395
418
445
477
11.5%
353
370
389
411
438
12.0%
334
348
364
383
405
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
