This note states the assumptions and the arithmetic of one model of INVENTURE GRO & SEC 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 (22.6)% · 5-yr CAGR 4.0%
EBITDA margin
9.5%
FY26 9.5% · 5-yr average 23.6%
Depreciation · capex, % of revenue
2% · 1.9%, fading to 1.2× depreciation
FY26 2.0% · 1.9%
Working capital, % of added revenue · tax
8.4% · 16.1%
31 working-capital days · effective 16.1%
Discount rate
11.00%
1-yr beta 0.72
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
105.00 crore
105.00 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
47
45
43
40
38
37
growth %
(22.6)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
4
4
4
4
4
3
Depreciation
(1)
(1)
(1)
(1)
(1)
(1)
NOPAT
3
3
3
3
2
2
less capex
(1)
(1)
(1)
(1)
(1)
(1)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
3
3
3
2
2
Present value
3
2
2
2
1
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 · INVENTURE GRO & SEC LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
11
PV of the terminal value (69% of EV)
24
Enterprise value
35
less net debt
5
less non-controlling interest
0
add non-operating investments
0
Equity value
40
÷ 105.00 crore shares
₹0
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
0
0
0
0
1
10.5%
0
0
0
0
0
11.0%
0
0
0
0
0
11.5%
0
0
0
0
0
12.0%
0
0
0
0
0
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
