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Model Note · COUNTRY CONDO S LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
COUNTRY CONDO S LIMITED Discounted cash flow · base FY26
COUNTRY CONDO S LIMITED
Value per share, this model₹(3)
CMP 2026-09-10₹6.45
Difference(141.8)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of COUNTRY CONDO S 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
4.5% a year
FY26 4.6% · 5-yr CAGR 7.0%
EBITDA margin
5.8%
FY26 5.8% · 5-yr average 3.8%
Depreciation · capex, % of revenue
0.8% · 0.1%, fading to 1.2× depreciation
FY26 0.8% · 0.1%
Working capital, % of added revenue · tax
245.6% · 32.1%
897 working-capital days · effective 32.1%
Discount rate
11.00%
1-yr beta 0.36
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(1) · ₹0 · ₹0 cr
FY26 net debt ₹(1) cr
Shares
7.76 crore
7.76 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
17
18
19
20
21
22
growth %
4.6
4.5
4.5
4.5
4.5
4.5
EBITDA
1
1
1
1
1
1
Depreciation
(0)
(0)
(0)
(0)
(0)
(0)
NOPAT
1
1
1
1
1
1
less capex
(0)
(0)
(0)
(0)
(0)
(0)
less working-capital build
—
(2)
(2)
(2)
(2)
(2)
Free cash flow to firm
—
(1)
(1)
(1)
(1)
(2)
Present value
(1)
(1)
(1)
(1)
(1)
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 · COUNTRY CONDO S LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(5)
PV of the terminal value (—% of EV)
(17)
Enterprise value
(22)
less net debt
1
less non-controlling interest
0
add non-operating investments
0
Equity value
(21)
÷ 7.76 crore shares
₹(3)
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
(3)
(3)
(3)
(4)
(4)
10.5%
(3)
(3)
(3)
(3)
(4)
11.0%
(2)
(3)
(3)
(3)
(3)
11.5%
(2)
(2)
(2)
(3)
(3)
12.0%
(2)
(2)
(2)
(2)
(3)
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
