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Model Note · COMPUTER AGE MNGT SER LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
COMPUTER AGE MNGT SER LTD Discounted cash flow · base FY26
COMPUTER AGE MNGT SER LTD
Value per share, this model₹318
CMP 2026-09-10₹711.00
Difference(55.3)%
Growth the CMP implies26.9%/yr
This note states the assumptions and the arithmetic of one model of COMPUTER AGE MNGT SER 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
6.5% a year
FY26 6.6% · 5-yr CAGR 16.5%
EBITDA margin
45.1%
FY26 45.1% · 5-yr average 45.1%
Depreciation · capex, % of revenue
6.5% · 9.3%, fading to 1.2× depreciation
FY26 6.5% · 9.3%
Working capital, % of added revenue · tax
0% · 24.9%
-8 working-capital days · effective 24.9%
Discount rate
11.00%
1-yr beta 1.28
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(12) · ₹0 · ₹0 cr
FY26 net debt ₹(12) cr
Shares
24.82 crore
24.82 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
1,516
1,615
1,720
1,832
1,951
2,077
growth %
6.6
6.5
6.5
6.5
6.5
6.5
EBITDA
684
728
776
826
880
937
Depreciation
(99)
(105)
(112)
(119)
(127)
(135)
NOPAT
439
468
499
531
565
602
less capex
(141)
(150)
(153)
(157)
(159)
(162)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
423
457
493
533
575
Present value
401
391
380
370
360
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 · COMPUTER AGE MNGT SER LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
1,902
PV of the terminal value (76% of EV)
5,974
Enterprise value
7,875
less net debt
12
less non-controlling interest
0
add non-operating investments
0
Equity value
7,887
÷ 24.82 crore shares
₹318
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
328
352
381
416
460
10.5%
303
323
346
375
409
11.0%
281
298
318
341
369
11.5%
263
277
293
313
335
12.0%
246
259
273
289
308
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
