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Model Note · CONTROL PRINT LIMITED · 22 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
CONTROL PRINT LIMITED Discounted cash flow · base FY26
CONTROL PRINT LIMITED
Value per share, this model₹228
CMP 2026-09-21₹597.00
Difference(61.9)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of CONTROL PRINT LIMITED, 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
13.5% a year
FY26 13.4% · 5-yr CAGR 18.8%
EBITDA margin
19.2%
FY26 19.2% · 5-yr average 22.3%
Depreciation · capex, % of revenue
3.9% · 5.4%, fading to 1.2× depreciation
FY26 3.9% · 5.4%
Working capital, % of added revenue · tax
45.8% · 40.1%
167 working-capital days · effective 40.1%
Discount rate
11.00%
1-yr beta 1.09
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(17) · ₹0 · ₹0 cr
FY26 net debt ₹(17) cr
Shares
1.60 crore
1.60 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
482
547
621
705
800
908
growth %
13.4
13.5
13.5
13.5
13.5
13.5
EBITDA
93
105
119
135
154
174
Depreciation
(19)
(21)
(24)
(27)
(31)
(35)
NOPAT
44
50
57
65
73
83
less capex
(26)
(30)
(32)
(36)
(39)
(42)
less working-capital build
—
(30)
(34)
(38)
(44)
(49)
Free cash flow to firm
—
12
15
18
22
27
Present value
12
13
14
15
17
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 · CONTROL PRINT LIMITED · 22 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
70
PV of the terminal value (80% of EV)
277
Enterprise value
347
less net debt
17
less non-controlling interest
0
add non-operating investments
0
Equity value
364
÷ 1.60 crore shares
₹228
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
235
252
273
298
330
10.5%
217
231
248
269
293
11.0%
202
214
228
244
264
11.5%
188
198
210
224
240
12.0%
176
185
195
207
221
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
