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Model Note · G. K. P. Printing & Packaging · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
G. K. P. Printing & Packaging Discounted cash flow · base FY26
G. K. P. Printing & Packaging
Value per share, this model₹6
CMP 2026-09-10₹7.60
Difference(19.3)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of G. K. P. Printing & Packaging, 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
-5% a year
FY26 (9.6)% · 5-yr CAGR (1.4)%
EBITDA margin
5.7%
FY26 5.7% · 5-yr average 2.9%
Depreciation · capex, % of revenue
3% · 1.7%, fading to 1.2× depreciation
FY26 3.0% · 1.7%
Working capital, % of added revenue · tax
37.1% · 1.4%
136 working-capital days · effective 1.4%
Discount rate
11.00%
1-yr beta 0.69
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹0 · ₹0 · ₹0 cr
FY26 net debt ₹(0) cr
Shares
2.20 crore
2.20 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
27
26
25
23
22
21
growth %
(9.6)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
2
1
1
1
1
1
Depreciation
(1)
(1)
(1)
(1)
(1)
(1)
NOPAT
1
1
1
1
1
1
less capex
(0)
(0)
(1)
(1)
(1)
(1)
less working-capital build
—
1
0
0
0
0
Free cash flow to firm
—
2
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 · G. K. P. Printing & Packaging · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
5
PV of the terminal value (65% of EV)
9
Enterprise value
13
less net debt
0
less non-controlling interest
0
add non-operating investments
0
Equity value
13
÷ 2.20 crore shares
₹6
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
6
7
7
8
9
10.5%
6
6
7
7
8
11.0%
6
6
6
7
7
11.5%
5
5
6
6
6
12.0%
5
5
5
6
6
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
