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Model Note · INFOBEANS TECHNO. LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
INFOBEANS TECHNO. LTD. Discounted cash flow · base FY26
INFOBEANS TECHNO. LTD.
Value per share, this model₹207
CMP 2026-09-10₹155.10
Difference33.4%
Growth the CMP implies16.5%/yr
This note states the assumptions and the arithmetic of one model of INFOBEANS TECHNO. 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 30.1% · 5-yr CAGR 23.3%
EBITDA margin
21.9%
FY26 21.9% · 5-yr average 19.2%
Depreciation · capex, % of revenue
4.7% · 1.5%, fading to 1.2× depreciation
FY26 4.7% · 1.5%
Working capital, % of added revenue · tax
20% · 22.9%
73 working-capital days · effective 22.9%
Discount rate
11.00%
1-yr beta 2.17
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(59) · ₹0 · ₹0 cr
FY26 net debt ₹(59) cr
Shares
9.70 crore
9.70 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
514
668
868
1,128
1,467
1,907
growth %
30.1
30.0
30.0
30.0
30.0
30.0
EBITDA
113
146
190
247
321
418
Depreciation
(24)
(31)
(41)
(53)
(69)
(90)
NOPAT
68
89
115
150
195
253
less capex
(8)
(10)
(22)
(40)
(68)
(108)
less working-capital build
—
(31)
(40)
(52)
(68)
(88)
Free cash flow to firm
—
79
94
110
128
147
Present value
75
80
85
89
92
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 · INFOBEANS TECHNO. LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
421
PV of the terminal value (78% of EV)
1,526
Enterprise value
1,947
less net debt
59
less non-controlling interest
0
add non-operating investments
0
Equity value
2,006
÷ 9.70 crore shares
₹207
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
214
229
248
271
300
10.5%
197
210
226
244
267
11.0%
183
194
207
222
240
11.5%
171
180
191
204
218
12.0%
160
168
177
188
200
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
