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Model Note · KP GREEN ENGINEERING LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
KP GREEN ENGINEERING LIMITED Discounted cash flow · base FY26
KP GREEN ENGINEERING LIMITED
Value per share, this model₹212
CMP 2026-09-10₹270.00
Difference(21.5)%
Growth the CMP implies3.8%/yr
This note states the assumptions and the arithmetic of one model of KP GREEN ENGINEERING LIMITED, 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
30% a year
FY26 79.3% · 5-yr CAGR —%
EBITDA margin
19.7%
FY26 19.7% · 5-yr average 17.5%
Depreciation · capex, % of revenue
1.9% · 29.4%, fading to 1.2× depreciation
FY26 1.9% · 29.4%
Working capital, % of added revenue · tax
36.3% · 26.4%
133 working-capital days · effective 26.4%
Discount rate
11.00%
1-yr beta 1.45
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹260 · ₹0 · ₹0 cr
FY26 net debt ₹260 cr
Shares
5.00 crore
5.00 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
1,246
1,619
2,105
2,737
3,557
4,625
growth %
79.3
30.0
30.0
30.0
30.0
30.0
EBITDA
245
319
415
539
701
911
Depreciation
(23)
(31)
(40)
(52)
(68)
(88)
NOPAT
163
212
276
359
466
606
less capex
(366)
(476)
(476)
(433)
(322)
(105)
less working-capital build
—
(136)
(176)
(229)
(298)
(387)
Free cash flow to firm
—
(369)
(337)
(252)
(87)
201
Present value
(350)
(288)
(194)
(60)
126
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 · KP GREEN ENGINEERING LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(767)
PV of the terminal value (158% of EV)
2,086
Enterprise value
1,320
less net debt
(260)
less non-controlling interest
0
add non-operating investments
0
Equity value
1,060
÷ 5.00 crore shares
₹212
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
226
267
317
378
454
10.5%
184
219
260
309
368
11.0%
149
178
212
252
300
11.5%
119
143
172
205
245
12.0%
92
114
138
166
199
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
