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Model Note · CP CAPITAL LIMITED · 9 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
CP CAPITAL LIMITED Discounted cash flow · base FY26
CP CAPITAL LIMITED
Value per share, this model₹1,229
CMP, 8 Oct 2026₹151.70
Difference710.0%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of CP CAPITAL 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
30% a year
FY26 34.8% · 5-yr CAGR 9.2%
EBITDA margin
83.3%
FY26 83.3% · 5-yr average 61.3%
Depreciation · capex, % of revenue
3.6% · 0%, fading to 1.2× depreciation
FY26 3.6% · 0.0%
Working capital, % of added revenue · tax
3.5% · 20.8%
13 working-capital days · effective 20.8%
Discount rate
11.00%
1-yr beta 0.92
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(3) · ₹0 · ₹0 cr
FY26 net debt ₹(3) cr
Shares
1.82 crore
1.82 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
76
99
129
168
218
283
growth %
34.8
30.0
30.0
30.0
30.0
30.0
EBITDA
64
83
107
140
182
236
Depreciation
(3)
(4)
(5)
(6)
(8)
(10)
NOPAT
48
63
81
106
138
179
less capex
0
0
(1)
(4)
(7)
(12)
less working-capital build
—
(1)
(1)
(1)
(2)
(2)
Free cash flow to firm
—
65
84
107
137
175
Present value
62
72
82
95
109
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 · CP CAPITAL LIMITED · 9 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
420
PV of the terminal value (81% of EV)
1,813
Enterprise value
2,232
less net debt
3
less non-controlling interest
0
add non-operating investments
0
Equity value
2,235
÷ 1.82 crore shares
₹1,229
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
1,271
1,370
1,489
1,635
1,817
10.5%
1,167
1,250
1,347
1,464
1,607
11.0%
1,078
1,148
1,229
1,324
1,439
11.5%
1,001
1,061
1,129
1,208
1,302
12.0%
934
985
1,043
1,110
1,188
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
