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Model Note · IVALUE INFOSOLUTIONS LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
IVALUE INFOSOLUTIONS LTD Discounted cash flow · base FY26
IVALUE INFOSOLUTIONS LTD
Value per share, this model₹281
CMP 2026-09-10₹225.50
Difference24.6%
Growth the CMP implies(6.2)%/yr
This note states the assumptions and the arithmetic of one model of IVALUE INFOSOLUTIONS 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
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
12.2%
FY26 12.2% · 5-yr average 12.2%
Depreciation · capex, % of revenue
0.7% · 0%, fading to 1.2× depreciation
FY26 0.7% · 0.0%
Working capital, % of added revenue · tax
23% · 25%
84 working-capital days · effective 25.0%
Discount rate
11.00%
1-yr beta 1.26
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(73) · ₹0 · ₹0 cr
FY26 net debt ₹(73) cr
Shares
5.47 crore
5.47 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
1,056
1,140
1,231
1,330
1,436
1,551
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
129
139
150
162
175
189
Depreciation
(7)
(8)
(9)
(9)
(10)
(11)
NOPAT
92
98
106
115
124
134
less capex
(0)
0
(3)
(6)
(9)
(13)
less working-capital build
—
(19)
(21)
(23)
(24)
(26)
Free cash flow to firm
—
87
91
96
100
105
Present value
82
78
74
70
66
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 · IVALUE INFOSOLUTIONS LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
370
PV of the terminal value (75% of EV)
1,092
Enterprise value
1,462
less net debt
73
less non-controlling interest
0
add non-operating investments
0
Equity value
1,535
÷ 5.47 crore shares
₹281
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
290
310
333
363
399
10.5%
269
285
305
328
357
11.0%
251
265
281
300
323
11.5%
235
247
261
277
296
12.0%
222
232
243
257
273
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
