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Model Note · GUJARAT INTRUX LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
GUJARAT INTRUX LTD. Discounted cash flow · base FY26
GUJARAT INTRUX LTD.
Value per share, this model₹400
CMP 2026-09-10₹451.90
Difference(11.5)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of GUJARAT INTRUX 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
5% a year
FY26 5.2% · 5-yr CAGR 15.3%
EBITDA margin
20.3%
FY26 20.3% · 5-yr average 17.4%
Depreciation · capex, % of revenue
2.2% · 3.2%, fading to 1.2× depreciation
FY26 2.2% · 3.2%
Working capital, % of added revenue · tax
39.8% · 26.7%
145 working-capital days · effective 26.7%
Discount rate
11.00%
1-yr beta 0.45
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(5) · ₹0 · ₹0 cr
FY26 net debt ₹(5) cr
Shares
0.34 crore
0.34 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
69
72
76
80
84
88
growth %
5.2
5.0
5.0
5.0
5.0
5.0
EBITDA
14
15
15
16
17
18
Depreciation
(1)
(2)
(2)
(2)
(2)
(2)
NOPAT
9
10
10
11
11
12
less capex
(2)
(2)
(2)
(2)
(2)
(2)
less working-capital build
—
(1)
(1)
(2)
(2)
(2)
Free cash flow to firm
—
7
8
8
9
10
Present value
7
7
7
6
6
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 · GUJARAT INTRUX LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
33
PV of the terminal value (75% of EV)
100
Enterprise value
132
less net debt
5
less non-controlling interest
0
add non-operating investments
0
Equity value
137
÷ 0.34 crore shares
₹400
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
413
441
476
518
571
10.5%
382
406
435
469
510
11.0%
356
376
400
428
461
11.5%
334
351
371
394
421
12.0%
314
329
345
365
388
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
