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Model Note · MAGNA ELECTRO CASTINGS LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
MAGNA ELECTRO CASTINGS LTD. Discounted cash flow · base FY26
MAGNA ELECTRO CASTINGS LTD.
Value per share, this model₹336
CMP 2026-09-10₹1,399.95
Difference(76.0)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of MAGNA ELECTRO CASTINGS 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
11.5% a year
FY26 11.3% · 5-yr CAGR 15.0%
EBITDA margin
16.9%
FY26 16.9% · 5-yr average 15.5%
Depreciation · capex, % of revenue
4.5% · 29.1%, fading to 1.2× depreciation
FY26 4.5% · 29.1%
Working capital, % of added revenue · tax
20.5% · 26.6%
75 working-capital days · effective 26.6%
Discount rate
11.00%
1-yr beta 1
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹12 · ₹0 · ₹0 cr
FY26 net debt ₹12 cr
Shares
0.42 crore
0.42 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
196
219
244
272
304
339
growth %
11.3
11.5
11.5
11.5
11.5
11.5
EBITDA
33
37
41
46
51
57
Depreciation
(9)
(10)
(11)
(12)
(14)
(15)
NOPAT
18
20
22
25
28
31
less capex
(57)
(64)
(57)
(47)
(34)
(18)
less working-capital build
—
(5)
(5)
(6)
(6)
(7)
Free cash flow to firm
—
(39)
(29)
(16)
0
21
Present value
(37)
(24)
(12)
0
13
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 · MAGNA ELECTRO CASTINGS LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(60)
PV of the terminal value (139% of EV)
214
Enterprise value
154
less net debt
(12)
less non-controlling interest
0
add non-operating investments
0
Equity value
142
÷ 0.42 crore shares
₹336
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
354
404
465
538
631
10.5%
303
345
394
454
526
11.0%
259
295
336
384
443
11.5%
222
252
287
327
375
12.0%
190
216
245
279
319
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
