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Model Note · INTERARCH BLDNG SOLTN LTD · 22 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
INTERARCH BLDNG SOLTN LTD Discounted cash flow · base FY26
INTERARCH BLDNG SOLTN LTD
Value per share, this model₹702
CMP 2026-09-21₹1,723.40
Difference(59.3)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of INTERARCH BLDNG SOLTN 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 30.6% · 5-yr CAGR —%
EBITDA margin
9.1%
FY26 9.1% · 5-yr average 9.2%
Depreciation · capex, % of revenue
0.8% · 6.3%, fading to 1.2× depreciation
FY26 0.8% · 6.3%
Working capital, % of added revenue · tax
18% · 27.3%
66 working-capital days · effective 27.3%
Discount rate
11.00%
1-yr beta 1.24
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(6) · ₹0 · ₹0 cr
FY26 net debt ₹(6) cr
Shares
1.68 crore
1.68 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
1,898
2,467
3,208
4,170
5,421
7,047
growth %
30.6
30.0
30.0
30.0
30.0
30.0
EBITDA
173
225
292
379
493
641
Depreciation
(14)
(20)
(26)
(33)
(43)
(56)
NOPAT
115
149
194
252
327
425
less capex
(119)
(155)
(159)
(151)
(124)
(68)
less working-capital build
—
(102)
(133)
(173)
(225)
(293)
Free cash flow to firm
—
(89)
(73)
(40)
21
121
Present value
(85)
(63)
(31)
14
76
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 · INTERARCH BLDNG SOLTN LTD · 22 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(88)
PV of the terminal value (107% of EV)
1,259
Enterprise value
1,171
less net debt
6
less non-controlling interest
0
add non-operating investments
0
Equity value
1,177
÷ 1.68 crore shares
₹702
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
730
805
895
1,005
1,142
10.5%
654
716
789
878
985
11.0%
589
641
702
774
861
11.5%
532
577
628
688
759
12.0%
484
522
566
616
675
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
