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 · HINDUSTAN MEDIA VENT LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
HINDUSTAN MEDIA VENT LTD Discounted cash flow · base FY26
HINDUSTAN MEDIA VENT LTD
Value per share, this model₹129
CMP 2026-09-10₹78.79
Difference63.6%
Growth the CMP implies(10.3)%/yr
This note states the assumptions and the arithmetic of one model of HINDUSTAN MEDIA VENT 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
1% a year
FY26 0.9% · 5-yr CAGR 6.3%
EBITDA margin
13%
FY26 13.0% · 5-yr average (2.6)%
Depreciation · capex, % of revenue
2.4% · 0.4%, fading to 1.2× depreciation
FY26 2.4% · 0.4%
Working capital, % of added revenue · tax
2.9% · 13.2%
11 working-capital days · effective 13.2%
Discount rate
11.00%
1-yr beta 0.67
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹50 · ₹0 · ₹0 cr
FY26 net debt ₹50 cr
Shares
7.37 crore
7.37 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
740
747
755
762
770
777
growth %
0.9
1.0
1.0
1.0
1.0
1.0
EBITDA
96
97
98
99
100
101
Depreciation
(17)
(18)
(18)
(18)
(18)
(19)
NOPAT
68
69
69
70
71
72
less capex
(3)
(3)
(8)
(12)
(17)
(22)
less working-capital build
—
(0)
(0)
(0)
(0)
(0)
Free cash flow to firm
—
83
80
76
72
68
Present value
79
68
58
50
42
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 · HINDUSTAN MEDIA VENT LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
298
PV of the terminal value (70% of EV)
702
Enterprise value
999
less net debt
(50)
less non-controlling interest
0
add non-operating investments
0
Equity value
949
÷ 7.37 crore shares
₹129
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
133
143
154
168
185
10.5%
123
131
140
151
165
11.0%
114
121
129
138
149
11.5%
107
113
119
127
136
12.0%
100
105
111
117
125
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
