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Model Note · MACPOWER CNC MACHINES LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
MACPOWER CNC MACHINES LTD Discounted cash flow · base FY26
MACPOWER CNC MACHINES LTD
Value per share, this model₹363
CMP 2026-09-10₹1,858.00
Difference(80.5)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of MACPOWER CNC MACHINES 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
27.5% a year
FY26 27.3% · 5-yr CAGR 24.2%
EBITDA margin
16.2%
FY26 16.2% · 5-yr average 13.5%
Depreciation · capex, % of revenue
2.2% · 0%, fading to 1.2× depreciation
FY26 2.2% · 0.0%
Working capital, % of added revenue · tax
36% · 25.2%
132 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 1.06
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(6) · ₹0 · ₹0 cr
FY26 net debt ₹(6) cr
Shares
1.00 crore
1.00 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
333
425
542
691
880
1,123
growth %
27.3
27.5
27.5
27.5
27.5
27.5
EBITDA
54
69
88
112
143
182
Depreciation
(7)
(9)
(12)
(15)
(19)
(25)
NOPAT
35
44
57
72
92
118
less capex
0
0
(4)
(9)
(17)
(30)
less working-capital build
—
(33)
(42)
(54)
(68)
(87)
Free cash flow to firm
—
21
23
25
26
25
Present value
20
20
19
18
16
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 · MACPOWER CNC MACHINES LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
92
PV of the terminal value (74% of EV)
264
Enterprise value
357
less net debt
6
less non-controlling interest
0
add non-operating investments
0
Equity value
363
÷ 1.00 crore shares
₹363
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
374
400
432
471
519
10.5%
346
368
394
425
463
11.0%
323
341
363
388
418
11.5%
302
318
336
357
382
12.0%
284
297
313
331
351
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
