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Model Note · GANESH CONSUMER PRODUCT L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
GANESH CONSUMER PRODUCT L Discounted cash flow · base FY26
GANESH CONSUMER PRODUCT L
Value per share, this model₹195
CMP 2026-09-10₹165.80
Difference17.5%
Growth the CMP implies2.2%/yr
This note states the assumptions and the arithmetic of one model of GANESH CONSUMER PRODUCT L, 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
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
9.8%
FY26 9.8% · 5-yr average 9.8%
Depreciation · capex, % of revenue
2.7% · 5.1%, fading to 1.2× depreciation
FY26 2.7% · 5.1%
Working capital, % of added revenue · tax
6.2% · 25.4%
23 working-capital days · effective 25.4%
Discount rate
11.00%
1-yr beta 1.05
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(64) · ₹0 · ₹0 cr
FY26 net debt ₹(64) cr
Shares
3.99 crore
3.99 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
871
941
1,016
1,098
1,186
1,280
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
86
92
100
108
116
125
Depreciation
(24)
(25)
(27)
(30)
(32)
(35)
NOPAT
46
50
54
58
63
68
less capex
(45)
(48)
(47)
(46)
(44)
(41)
less working-capital build
—
(4)
(5)
(5)
(5)
(6)
Free cash flow to firm
—
23
29
37
45
55
Present value
22
25
28
32
34
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 · GANESH CONSUMER PRODUCT L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
141
PV of the terminal value (80% of EV)
571
Enterprise value
713
less net debt
64
less non-controlling interest
0
add non-operating investments
0
Equity value
777
÷ 3.99 crore shares
₹195
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
201
215
232
253
279
10.5%
186
198
212
229
249
11.0%
173
183
195
209
225
11.5%
162
171
180
192
205
12.0%
152
160
168
178
189
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
