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 · GOLD ROCK INVESTMENTS LTD. · 12 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
GOLD ROCK INVESTMENTS LTD. Discounted cash flow · base FY25
GOLD ROCK INVESTMENTS LTD.
Value per share, this model₹12,831
CMP 2025-12-15₹12.14
Difference105592.1%
Growth the CMP implies(20.0)%/yr
This note states the assumptions and the arithmetic of one model of GOLD ROCK INVESTMENTS LTD., built on its filed FY25 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
FY25 442.6% · 5-yr CAGR 60.9%
EBITDA margin
94.1%
FY25 94.1% · 5-yr average 79.5%
Depreciation · capex, % of revenue
0.8% · 0%, fading to 1.2× depreciation
FY25 0.8% · 0.0%
Working capital, % of added revenue · tax
0% · 9.5%
0 working-capital days · effective 9.5%
Discount rate
11.00%
1-yr beta —
After FY30
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(1) · ₹0 · ₹0 cr
FY25 net debt ₹(1) cr
Shares
0.08 crore
0.08 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY25
FY26
FY27
FY28
FY29
FY30
Revenue
25
33
43
56
72
94
growth %
442.6
30.0
30.0
30.0
30.0
30.0
EBITDA
24
31
40
52
68
88
Depreciation
(0)
(0)
(0)
(0)
(1)
(1)
NOPAT
21
28
36
47
61
79
less capex
0
0
(0)
(0)
(1)
(1)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
28
36
47
61
79
Present value
27
31
36
42
49
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 · GOLD ROCK INVESTMENTS LTD. · 12 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
186
PV of the terminal value (82% of EV)
822
Enterprise value
1,008
less net debt
1
less non-controlling interest
0
add non-operating investments
0
Equity value
1,009
÷ 0.08 crore shares
₹12,831
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
13,272
14,314
15,564
17,092
19,002
10.5%
12,183
13,049
14,072
15,300
16,800
11.0%
11,252
11,981
12,831
13,836
15,041
11.5%
10,447
11,067
11,783
12,618
13,605
12.0%
9,743
10,277
10,886
11,589
12,409
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
