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Model Note · JASCH GAUGING TECHNOLOGIES LIM · 29 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
JASCH GAUGING TECHNOLOGIES LIM Discounted cash flow · base FY26
JASCH GAUGING TECHNOLOGIES LIM
Value per share, this model₹451
CMP, 28 Oct 2026₹517.00
Difference(12.8)%
Growth the CMP implies13.7%/yr
This note states the assumptions and the arithmetic of one model of JASCH GAUGING TECHNOLOGIES LIM, built on its filed FY26 standalone 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
9% a year
FY26 9.0% · 5-yr CAGR —%
EBITDA margin
26.2%
FY26 26.2% · 5-yr average 30.4%
Depreciation · capex, % of revenue
1.5% · 2.5%, fading to 1.2× depreciation
FY26 1.5% · 2.5%
Working capital, % of added revenue · tax
20.8% · 25.9%
76 working-capital days · effective 25.9%
Discount rate
11.00%
1-yr beta 0.85
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(9) · ₹0 · ₹0 cr
FY26 net debt ₹(9) cr
Shares
0.45 crore
0.45 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
57
63
68
74
81
88
growth %
9.0
9.0
9.0
9.0
9.0
9.0
EBITDA
15
16
18
19
21
23
Depreciation
(1)
(1)
(1)
(1)
(1)
(1)
NOPAT
11
11
12
14
15
16
less capex
(1)
(2)
(2)
(2)
(2)
(2)
less working-capital build
—
(1)
(1)
(1)
(1)
(2)
Free cash flow to firm
—
10
11
12
13
14
Present value
9
9
9
9
9
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 · JASCH GAUGING TECHNOLOGIES LIM · 29 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
46
PV of the terminal value (77% of EV)
150
Enterprise value
195
less net debt
9
less non-controlling interest
0
add non-operating investments
0
Equity value
204
÷ 0.45 crore shares
₹451
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
465
498
537
585
646
10.5%
430
458
490
529
576
11.0%
401
424
451
482
520
11.5%
375
395
417
444
475
12.0%
353
370
389
411
437
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
