The note is the current scenario (Base). Download PDF renders this page on the server, fonts and colours exact; Print uses the browser.
Model Note · KIMIA BIOSCIENCES LIMITED · 30 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
KIMIA BIOSCIENCES LIMITED Discounted cash flow · base FY26
KIMIA BIOSCIENCES LIMITED
Value per share, this model₹140
CMP, 29 Oct 2026₹30.90
Difference354.6%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of KIMIA BIOSCIENCES LIMITED, 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
-3.5% a year
FY26 (3.4)% · 5-yr CAGR (2.8)%
EBITDA margin
12.4%
FY26 12.4% · 5-yr average 5.0%
Depreciation · capex, % of revenue
3.4% · 7.1%, fading to 1.2× depreciation
FY26 3.4% · 7.1%
Working capital, % of added revenue · tax
11.6% · 12.1%
43 working-capital days · effective 12.1%
Discount rate
11.00%
1-yr beta 1.31
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹34 · ₹0 · ₹0 cr
FY26 net debt ₹34 cr
Shares
0.47 crore
0.47 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
115
111
107
103
100
96
growth %
(3.4)
(3.5)
(3.5)
(3.5)
(3.5)
(3.5)
EBITDA
14
14
13
13
12
12
Depreciation
(4)
(4)
(4)
(4)
(3)
(3)
NOPAT
9
9
8
8
8
8
less capex
(8)
(8)
(7)
(6)
(5)
(4)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
5
6
6
7
7
Present value
5
5
5
5
5
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 · KIMIA BIOSCIENCES LIMITED · 30 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
24
PV of the terminal value (76% of EV)
76
Enterprise value
100
less net debt
(34)
less non-controlling interest
0
add non-operating investments
0
Equity value
66
÷ 0.47 crore shares
₹140
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
147
164
183
206
236
10.5%
131
144
160
179
202
11.0%
116
127
140
156
175
11.5%
104
113
124
137
152
12.0%
93
101
110
121
134
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
