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Model Note · JAYSHREE TEA & INDUSTRIES · 9 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
JAYSHREE TEA & INDUSTRIES Discounted cash flow · base FY26
JAYSHREE TEA & INDUSTRIES
Value per share, this model₹(297)
CMP, 9 Oct 2026₹82.94
Difference(458.0)%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of JAYSHREE TEA & INDUSTRIES, 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
8.5% a year
FY26 8.4% · 5-yr CAGR 3.0%
EBITDA margin
2%
FY26 2.0% · 5-yr average 1.2%
Depreciation · capex, % of revenue
2.4% · 0%, fading to 1.2× depreciation
FY26 2.4% · 0.0%
Working capital, % of added revenue · tax
24.8% · 25.17%
91 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 1.2
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹405 · ₹0 · ₹0 cr
FY26 net debt ₹405 cr
Shares
2.89 crore
2.89 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
930
1,009
1,095
1,188
1,289
1,399
growth %
8.4
8.5
8.5
8.5
8.5
8.5
EBITDA
18
20
22
24
26
28
Depreciation
(22)
(24)
(26)
(29)
(31)
(34)
NOPAT
(3)
(3)
(3)
(4)
(4)
(4)
less capex
0
0
(8)
(17)
(28)
(40)
less working-capital build
—
(20)
(21)
(23)
(25)
(27)
Free cash flow to firm
—
2
(6)
(15)
(26)
(38)
Present value
2
(5)
(12)
(18)
(24)
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 · JAYSHREE TEA & INDUSTRIES · 9 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(57)
PV of the terminal value (—% of EV)
(395)
Enterprise value
(453)
less net debt
(405)
less non-controlling interest
0
add non-operating investments
0
Equity value
(858)
÷ 2.89 crore shares
₹(297)
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
(303)
(316)
(333)
(353)
(378)
10.5%
(288)
(300)
(313)
(329)
(349)
11.0%
(276)
(286)
(297)
(310)
(326)
11.5%
(266)
(274)
(283)
(294)
(307)
12.0%
(257)
(264)
(272)
(281)
(292)
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
