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Model Note · KRITI NUTRIENTS LIMITED · 9 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
KRITI NUTRIENTS LIMITED Discounted cash flow · base FY26
KRITI NUTRIENTS LIMITED
Value per share, this model₹154
CMP, 8 Oct 2026₹72.21
Difference112.8%
Growth the CMP implies(8.1)%/yr
This note states the assumptions and the arithmetic of one model of KRITI NUTRIENTS 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
25.5% a year
FY26 25.5% · 5-yr CAGR —%
EBITDA margin
4.7%
FY26 4.7% · 5-yr average 5.6%
Depreciation · capex, % of revenue
0.6% · 0%, fading to 1.2× depreciation
FY26 0.6% · 0.0%
Working capital, % of added revenue · tax
5.1% · 25%
19 working-capital days · effective 25.0%
Discount rate
11.00%
1-yr beta 1.52
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(39) · ₹0 · ₹0 cr
FY26 net debt ₹(39) cr
Shares
5.01 crore
5.01 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
922
1,157
1,451
1,822
2,286
2,869
growth %
25.5
25.5
25.5
25.5
25.5
25.5
EBITDA
43
54
68
86
107
135
Depreciation
(6)
(7)
(9)
(11)
(14)
(17)
NOPAT
28
36
45
56
70
88
less capex
0
0
(3)
(7)
(12)
(21)
less working-capital build
—
(12)
(15)
(19)
(24)
(30)
Free cash flow to firm
—
31
36
42
48
55
Present value
29
31
32
33
34
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 · KRITI NUTRIENTS LIMITED · 9 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
159
PV of the terminal value (78% of EV)
572
Enterprise value
731
less net debt
39
less non-controlling interest
0
add non-operating investments
0
Equity value
770
÷ 5.01 crore shares
₹154
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
159
170
184
200
221
10.5%
147
156
167
181
197
11.0%
136
144
154
165
178
11.5%
128
134
142
151
162
12.0%
120
126
132
140
149
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
