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Model Note · LG ELECTRONICS INDIA LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
LG ELECTRONICS INDIA LTD Discounted cash flow · base FY26
LG ELECTRONICS INDIA LTD
Value per share, this model₹405
CMP 2026-09-10₹1,638.50
Difference(75.3)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of LG ELECTRONICS INDIA 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
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
9.8%
FY26 9.8% · 5-yr average 9.8%
Depreciation · capex, % of revenue
1.6% · 4.8%, fading to 1.2× depreciation
FY26 1.6% · 4.8%
Working capital, % of added revenue · tax
9.2% · 26.7%
34 working-capital days · effective 26.7%
Discount rate
11.00%
1-yr beta 0.82
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(4,476) · ₹0 · ₹0 cr
FY26 net debt ₹(4,476) cr
Shares
67.88 crore
67.88 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
24,605
26,573
28,699
30,995
33,475
36,153
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
2,408
2,604
2,813
3,038
3,281
3,543
Depreciation
(396)
(425)
(459)
(496)
(536)
(578)
NOPAT
1,475
1,597
1,725
1,863
2,012
2,173
less capex
(1,172)
(1,276)
(1,171)
(1,041)
(884)
(694)
less working-capital build
—
(181)
(196)
(211)
(228)
(246)
Free cash flow to firm
—
566
818
1,106
1,436
1,811
Present value
537
699
852
996
1,132
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 · LG ELECTRONICS INDIA LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
4,217
PV of the terminal value (82% of EV)
18,807
Enterprise value
23,024
less net debt
4,476
less non-controlling interest
0
add non-operating investments
0
Equity value
27,500
÷ 67.88 crore shares
₹405
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
417
444
478
518
569
10.5%
388
411
438
471
510
11.0%
363
383
405
432
464
11.5%
342
358
377
399
426
12.0%
323
337
354
372
394
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
