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Model Note · GENUS POWER INFRASTRU LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
GENUS POWER INFRASTRU LTD Discounted cash flow · base FY26
GENUS POWER INFRASTRU LTD
Value per share, this model₹119
CMP 2026-09-10₹323.15
Difference(63.1)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of GENUS POWER INFRASTRU 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 94.5% · 5-yr CAGR 50.8%
EBITDA margin
19.2%
FY26 19.2% · 5-yr average 13.6%
Depreciation · capex, % of revenue
1.2% · 6.3%, fading to 1.2× depreciation
FY26 1.2% · 6.3%
Working capital, % of added revenue · tax
43.8% · 26.4%
160 working-capital days · effective 26.4%
Discount rate
11.00%
1-yr beta 1.44
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹2,040 · ₹0 · ₹0 cr
FY26 net debt ₹2,040 cr
Shares
30.42 crore
30.42 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
4,751
6,176
8,029
10,438
13,569
17,640
growth %
94.5
30.0
30.0
30.0
30.0
30.0
EBITDA
913
1,186
1,542
2,004
2,605
3,387
Depreciation
(55)
(74)
(96)
(125)
(163)
(212)
NOPAT
631
818
1,064
1,383
1,798
2,337
less capex
(297)
(389)
(408)
(404)
(360)
(254)
less working-capital build
—
(624)
(812)
(1,055)
(1,372)
(1,783)
Free cash flow to firm
—
(121)
(60)
49
229
512
Present value
(115)
(51)
38
159
320
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 · GENUS POWER INFRASTRU LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
350
PV of the terminal value (94% of EV)
5,313
Enterprise value
5,664
less net debt
(2,040)
less non-controlling interest
0
add non-operating investments
0
Equity value
3,624
÷ 30.42 crore shares
₹119
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
126
143
164
190
222
10.5%
108
123
140
160
185
11.0%
93
105
119
136
156
11.5%
79
90
102
116
132
12.0%
68
77
87
99
112
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
