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Model Note · LOTUS EYE HOSP & INST L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
LOTUS EYE HOSP & INST L Discounted cash flow · base FY26
LOTUS EYE HOSP & INST L
Value per share, this model₹(27)
CMP 2026-09-10₹113.50
Difference(123.5)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of LOTUS EYE HOSP & INST L, 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
8.5% a year
FY26 8.4% · 5-yr CAGR 10.7%
EBITDA margin
6.3%
FY26 6.3% · 5-yr average 11.6%
Depreciation · capex, % of revenue
7% · 24.3%, fading to 1.2× depreciation
FY26 7.0% · 24.3%
Working capital, % of added revenue · tax
3.3% · 25.17%
12 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 0.83
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹10 · ₹0 · ₹0 cr
FY26 net debt ₹10 cr
Shares
2.08 crore
2.08 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
54
58
63
69
74
81
growth %
8.4
8.5
8.5
8.5
8.5
8.5
EBITDA
3
4
4
4
5
5
Depreciation
(4)
(4)
(4)
(5)
(5)
(6)
NOPAT
(0)
(0)
(0)
(0)
(0)
(0)
less capex
(13)
(14)
(13)
(11)
(9)
(7)
less working-capital build
—
(0)
(0)
(0)
(0)
(0)
Free cash flow to firm
—
(11)
(9)
(7)
(5)
(2)
Present value
(10)
(8)
(5)
(3)
(1)
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 · LOTUS EYE HOSP & INST L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(27)
PV of the terminal value (—% of EV)
(18)
Enterprise value
(46)
less net debt
(10)
less non-controlling interest
0
add non-operating investments
0
Equity value
(56)
÷ 2.08 crore shares
₹(27)
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
(27)
(28)
(29)
(30)
(32)
10.5%
(26)
(27)
(28)
(29)
(30)
11.0%
(25)
(26)
(27)
(28)
(29)
11.5%
(25)
(25)
(26)
(26)
(27)
12.0%
(24)
(24)
(25)
(26)
(26)
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
