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Model Note · M TEK COPPER LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
M TEK COPPER LIMITED Discounted cash flow · base FY26
M TEK COPPER LIMITED
Value per share, this model₹(147)
CMP 2026-09-10₹57.96
Difference(354.0)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of M TEK COPPER 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 88.0% · 5-yr CAGR (9.4)%
EBITDA margin
4.5%
FY26 4.5% · 5-yr average 1.5%
Depreciation · capex, % of revenue
0.7% · 0.2%, fading to 1.2× depreciation
FY26 0.7% · 0.2%
Working capital, % of added revenue · tax
26.2% · 23.8%
96 working-capital days · effective 23.8%
Discount rate
11.00%
1-yr beta 0.55
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹41 · ₹0 · ₹0 cr
FY26 net debt ₹41 cr
Shares
2.71 crore
2.71 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
234
304
396
515
669
870
growth %
88.0
30.0
30.0
30.0
30.0
30.0
EBITDA
10
14
18
23
30
39
Depreciation
(2)
(2)
(3)
(4)
(5)
(6)
NOPAT
7
9
11
15
19
25
less capex
(0)
(1)
(1)
(3)
(5)
(7)
less working-capital build
—
(18)
(24)
(31)
(40)
(53)
Free cash flow to firm
—
(8)
(11)
(15)
(21)
(29)
Present value
(8)
(10)
(12)
(15)
(18)
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 · M TEK COPPER LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(61)
PV of the terminal value (—% of EV)
(297)
Enterprise value
(359)
less net debt
(41)
less non-controlling interest
0
add non-operating investments
0
Equity value
(400)
÷ 2.71 crore shares
₹(147)
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
(152)
(163)
(176)
(192)
(212)
10.5%
(140)
(149)
(160)
(173)
(189)
11.0%
(131)
(138)
(147)
(158)
(170)
11.5%
(122)
(129)
(136)
(145)
(155)
12.0%
(115)
(120)
(127)
(134)
(143)
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
