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Model Note · KOLTE PATIL DEV. LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
KOLTE PATIL DEV. LTD. Discounted cash flow · base FY26
KOLTE PATIL DEV. LTD.
Value per share, this model₹128
CMP 2026-09-10₹436.25
Difference(70.6)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of KOLTE PATIL DEV. 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
-5% a year
FY26 (57.2)% · 5-yr CAGR 1.2%
EBITDA margin
-8.3%
FY26 (8.3)% · 5-yr average 6.9%
Depreciation · capex, % of revenue
2.2% · 5.1%, fading to 1.2× depreciation
FY26 2.2% · 5.1%
Working capital, % of added revenue · tax
636.6% · 25.17%
2324 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 0.64
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹941 · ₹0 · ₹0 cr
FY26 net debt ₹941 cr
Shares
8.87 crore
8.87 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
735
698
663
630
599
569
growth %
(57.2)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
(61)
(58)
(55)
(52)
(50)
(47)
Depreciation
(16)
(15)
(15)
(14)
(13)
(13)
NOPAT
(58)
(55)
(52)
(50)
(47)
(45)
less capex
(38)
(36)
(30)
(24)
(19)
(15)
less working-capital build
—
234
222
211
201
191
Free cash flow to firm
—
159
155
151
147
143
Present value
151
133
116
102
90
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 · KOLTE PATIL DEV. LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
591
PV of the terminal value (72% of EV)
1,489
Enterprise value
2,080
less net debt
(941)
less non-controlling interest
0
add non-operating investments
0
Equity value
1,139
÷ 8.87 crore shares
₹128
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
136
153
173
197
228
10.5%
118
132
149
168
192
11.0%
103
115
128
145
164
11.5%
90
100
111
125
141
12.0%
79
87
97
108
121
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
