The note is the current scenario (Base). Download PDF renders this page on the server, fonts and colours exact; Print uses the browser.
Model Note · CUBEXTUBINGS-ROLLSETT · 29 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
CUBEXTUBINGS-ROLLSETT Discounted cash flow · base FY26
CUBEXTUBINGS-ROLLSETT
Value per share, this model₹(40)
CMP, 28 Oct 2026₹202.75
Difference(120.0)%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of CUBEXTUBINGS-ROLLSETT, built on its filed FY26 standalone 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
8% a year
FY26 7.8% · 5-yr CAGR 32.6%
EBITDA margin
2.3%
FY26 2.3% · 5-yr average 2.6%
Depreciation · capex, % of revenue
0.4% · 0.3%, fading to 1.2× depreciation
FY26 0.4% · 0.3%
Working capital, % of added revenue · tax
23.5% · 22.6%
86 working-capital days · effective 22.6%
Discount rate
11.00%
1-yr beta 1.36
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹39 · ₹0 · ₹0 cr
FY26 net debt ₹39 cr
Shares
1.43 crore
1.43 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
288
311
336
363
392
423
growth %
7.8
8.0
8.0
8.0
8.0
8.0
EBITDA
7
7
8
8
9
10
Depreciation
(1)
(1)
(1)
(1)
(2)
(2)
NOPAT
4
5
5
5
6
6
less capex
(1)
(1)
(1)
(1)
(2)
(2)
less working-capital build
—
(5)
(6)
(6)
(7)
(7)
Free cash flow to firm
—
(1)
(1)
(1)
(1)
(1)
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 · CUBEXTUBINGS-ROLLSETT · 29 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(4)
PV of the terminal value (—% of EV)
(15)
Enterprise value
(19)
less net debt
(39)
less non-controlling interest
0
add non-operating investments
0
Equity value
(58)
÷ 1.43 crore shares
₹(40)
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
(41)
(42)
(43)
(45)
(47)
10.5%
(40)
(41)
(42)
(43)
(45)
11.0%
(39)
(40)
(40)
(42)
(43)
11.5%
(38)
(39)
(39)
(40)
(41)
12.0%
(37)
(38)
(38)
(39)
(40)
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
