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Model Note · MATRIMONY.COM LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
MATRIMONY.COM LIMITED Discounted cash flow · base FY26
MATRIMONY.COM LIMITED
Value per share, this model₹124
CMP 2026-09-10₹519.00
Difference(76.1)%
Growth the CMP implies41.5%/yr
This note states the assumptions and the arithmetic of one model of MATRIMONY.COM 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
1% a year
FY26 0.9% · 5-yr CAGR 4.0%
EBITDA margin
11.2%
FY26 11.2% · 5-yr average 14.8%
Depreciation · capex, % of revenue
5.9% · 2.4%, fading to 1.2× depreciation
FY26 5.9% · 2.4%
Working capital, % of added revenue · tax
0% · 20.9%
-48 working-capital days · effective 20.9%
Discount rate
11.00%
1-yr beta 0.46
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(3) · ₹0 · ₹0 cr
FY26 net debt ₹(3) cr
Shares
2.07 crore
2.07 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
460
465
469
474
479
483
growth %
0.9
1.0
1.0
1.0
1.0
1.0
EBITDA
52
52
53
53
54
54
Depreciation
(27)
(27)
(28)
(28)
(28)
(29)
NOPAT
19
19
20
20
20
20
less capex
(11)
(11)
(17)
(22)
(28)
(34)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
36
31
25
20
15
Present value
34
26
20
14
9
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 · MATRIMONY.COM LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
103
PV of the terminal value (60% of EV)
151
Enterprise value
254
less net debt
3
less non-controlling interest
0
add non-operating investments
0
Equity value
257
÷ 2.07 crore shares
₹124
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
128
135
144
154
168
10.5%
120
126
133
142
152
11.0%
113
118
124
131
140
11.5%
107
112
117
123
129
12.0%
102
106
110
115
121
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
