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Model Note · INTRASOFT TECH. LTD · 12 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
INTRASOFT TECH. LTD Discounted cash flow · base FY26
INTRASOFT TECH. LTD
Value per share, this model₹144
CMP 2026-09-10₹78.26
Difference84.2%
Growth the CMP implies(7.4)%/yr
This note states the assumptions and the arithmetic of one model of INTRASOFT TECH. 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
5.5% a year
FY26 5.3% · 5-yr CAGR (2.7)%
EBITDA margin
3.1%
FY26 3.1% · 5-yr average 3.4%
Depreciation · capex, % of revenue
0.1% · 0%, fading to 1.2× depreciation
FY26 0.1% · 0.0%
Working capital, % of added revenue · tax
0.1% · 13.5%
0 working-capital days · effective 13.5%
Discount rate
11.00%
1-yr beta 0.85
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹15 · ₹0 · ₹0 cr
FY26 net debt ₹15 cr
Shares
1.63 crore
1.63 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
534
564
595
627
662
698
growth %
5.3
5.5
5.5
5.5
5.5
5.5
EBITDA
17
17
18
19
21
22
Depreciation
(1)
(1)
(1)
(1)
(1)
(1)
NOPAT
14
15
15
16
17
18
less capex
0
0
(0)
(0)
(1)
(1)
less working-capital build
—
(0)
(0)
(0)
(0)
(0)
Free cash flow to firm
—
15
16
16
17
18
Present value
14
14
13
12
11
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 · INTRASOFT TECH. LTD · 12 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
64
PV of the terminal value (75% of EV)
186
Enterprise value
250
less net debt
(15)
less non-controlling interest
0
add non-operating investments
0
Equity value
235
÷ 1.63 crore shares
₹144
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
149
161
174
191
212
10.5%
137
147
158
171
188
11.0%
127
135
144
155
168
11.5%
118
125
133
142
152
12.0%
110
116
123
130
139
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
