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Model Note · GATEWAY DISTRIPARKS LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
GATEWAY DISTRIPARKS LTD Discounted cash flow · base FY26
GATEWAY DISTRIPARKS LTD
Value per share, this model₹234
CMP 2026-09-10₹53.49
Difference337.5%
Growth the CMP implies(7.3)%/yr
This note states the assumptions and the arithmetic of one model of GATEWAY DISTRIPARKS LTD, 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 31.6% · 5-yr CAGR —%
EBITDA margin
21.6%
FY26 21.6% · 5-yr average 26.0%
Depreciation · capex, % of revenue
6.9% · 5.3%, fading to 1.2× depreciation
FY26 6.9% · 5.3%
Working capital, % of added revenue · tax
3.8% · 8.3%
14 working-capital days · effective 8.3%
Discount rate
11.00%
1-yr beta 1.21
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹273 · ₹0 · ₹0 cr
FY26 net debt ₹273 cr
Shares
49.96 crore
49.96 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
2,212
2,875
3,738
4,859
6,317
8,212
growth %
31.6
30.0
30.0
30.0
30.0
30.0
EBITDA
477
621
807
1,050
1,365
1,774
Depreciation
(153)
(198)
(258)
(335)
(436)
(567)
NOPAT
298
388
504
655
852
1,107
less capex
(116)
(152)
(226)
(330)
(476)
(680)
less working-capital build
—
(25)
(33)
(43)
(55)
(72)
Free cash flow to firm
—
408
503
618
756
922
Present value
388
430
476
525
576
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 · GATEWAY DISTRIPARKS LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
2,395
PV of the terminal value (80% of EV)
9,572
Enterprise value
11,967
less net debt
(273)
less non-controlling interest
0
add non-operating investments
0
Equity value
11,694
÷ 49.96 crore shares
₹234
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
242
261
284
312
347
10.5%
222
238
257
279
307
11.0%
205
218
234
252
275
11.5%
190
202
215
230
248
12.0%
177
187
198
211
226
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
