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 · GLOBAL HEALTH LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
GLOBAL HEALTH LIMITED Discounted cash flow · base FY26
GLOBAL HEALTH LIMITED
Value per share, this model₹436
CMP 2026-09-10₹1,450.00
Difference(69.9)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of GLOBAL HEALTH LIMITED, 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
19.5% a year
FY26 19.4% · 5-yr CAGR —%
EBITDA margin
20.8%
FY26 20.8% · 5-yr average 22.6%
Depreciation · capex, % of revenue
5% · 19%, fading to 1.2× depreciation
FY26 5.0% · 19.0%
Working capital, % of added revenue · tax
5.6% · 22.5%
21 working-capital days · effective 22.5%
Discount rate
11.00%
1-yr beta 0.77
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹1,063 · ₹0 · ₹0 cr
FY26 net debt ₹1,063 cr
Shares
26.88 crore
26.88 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
4,410
5,270
6,298
7,526
8,994
10,747
growth %
19.4
19.5
19.5
19.5
19.5
19.5
EBITDA
918
1,096
1,310
1,565
1,871
2,235
Depreciation
(223)
(264)
(315)
(376)
(450)
(537)
NOPAT
539
645
771
922
1,101
1,316
less capex
(838)
(1,001)
(992)
(941)
(832)
(645)
less working-capital build
—
(48)
(58)
(69)
(82)
(98)
Free cash flow to firm
—
(141)
37
288
637
1,110
Present value
(134)
31
222
442
694
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 · GLOBAL HEALTH LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
1,256
PV of the terminal value (90% of EV)
11,531
Enterprise value
12,787
less net debt
(1,063)
less non-controlling interest
0
add non-operating investments
0
Equity value
11,724
÷ 26.88 crore shares
₹436
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
454
496
548
610
689
10.5%
409
445
487
537
599
11.0%
371
401
436
477
527
11.5%
339
364
394
428
468
12.0%
310
332
357
386
420
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
