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Model Note · KEMP & COMPANY LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
KEMP & COMPANY LTD. Discounted cash flow · base FY26
KEMP & COMPANY LTD.
Value per share, this model₹(401)
CMP 2026-09-07₹1,102.00
Difference(136.4)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of KEMP & COMPANY 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
3% a year
FY26 3.0% · 5-yr CAGR 5.2%
EBITDA margin
-103.2%
FY26 (103.2)% · 5-yr average (49.9)%
Depreciation · capex, % of revenue
14.4% · 0%, fading to 1.2× depreciation
FY26 14.4% · 0.0%
Working capital, % of added revenue · tax
14.1% · 25.17%
51 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 0.08
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹0 · ₹0 · ₹0 cr
FY26 net debt ₹(0) cr
Shares
0.11 crore
0.11 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
3
3
3
3
3
3
growth %
3.0
3.0
3.0
3.0
3.0
3.0
EBITDA
(3)
(3)
(3)
(3)
(3)
(4)
Depreciation
(0)
(0)
(0)
(0)
(0)
(1)
NOPAT
(3)
(3)
(3)
(3)
(3)
(3)
less capex
0
0
(0)
(0)
(0)
(1)
less working-capital build
—
(0)
(0)
(0)
(0)
(0)
Free cash flow to firm
—
(2)
(2)
(3)
(3)
(3)
Present value
(2)
(2)
(2)
(2)
(2)
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 · KEMP & COMPANY LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(10)
PV of the terminal value (—% of EV)
(33)
Enterprise value
(43)
less net debt
0
less non-controlling interest
0
add non-operating investments
0
Equity value
(43)
÷ 0.11 crore shares
₹(401)
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
(415)
(445)
(482)
(526)
(582)
10.5%
(383)
(408)
(438)
(474)
(517)
11.0%
(355)
(377)
(401)
(431)
(466)
11.5%
(332)
(350)
(371)
(395)
(424)
12.0%
(311)
(326)
(344)
(365)
(389)
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
