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Model Note · LATENT VIEW ANALYTICS LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
LATENT VIEW ANALYTICS LTD Discounted cash flow · base FY26
LATENT VIEW ANALYTICS LTD
Value per share, this model₹203
CMP 2026-09-10₹253.40
Difference(19.8)%
Growth the CMP implies35.1%/yr
This note states the assumptions and the arithmetic of one model of LATENT VIEW ANALYTICS 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
25% a year
FY26 25.0% · 5-yr CAGR —%
EBITDA margin
22.3%
FY26 22.3% · 5-yr average 25.8%
Depreciation · capex, % of revenue
3.9% · 2.1%, fading to 1.2× depreciation
FY26 3.9% · 2.1%
Working capital, % of added revenue · tax
19.9% · 22.6%
73 working-capital days · effective 22.6%
Discount rate
11.00%
1-yr beta 1.27
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(158) · ₹0 · ₹0 cr
FY26 net debt ₹(158) cr
Shares
20.69 crore
20.69 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
1,060
1,325
1,657
2,071
2,588
3,235
growth %
25.0
25.0
25.0
25.0
25.0
25.0
EBITDA
236
296
369
462
577
722
Depreciation
(41)
(52)
(65)
(81)
(101)
(126)
NOPAT
151
189
236
295
369
461
less capex
(22)
(28)
(45)
(70)
(104)
(151)
less working-capital build
—
(53)
(66)
(82)
(103)
(129)
Free cash flow to firm
—
160
189
223
262
307
Present value
152
162
172
182
192
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 · LATENT VIEW ANALYTICS LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
859
PV of the terminal value (79% of EV)
3,186
Enterprise value
4,045
less net debt
158
less non-controlling interest
0
add non-operating investments
0
Equity value
4,203
÷ 20.69 crore shares
₹203
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
210
225
243
266
294
10.5%
194
206
221
240
262
11.0%
180
191
203
218
236
11.5%
168
177
188
200
214
12.0%
158
165
174
185
197
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
