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Model Note · Mobavenue AI Tech Limited · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
Mobavenue AI Tech Limited Discounted cash flow · base FY26
Mobavenue AI Tech Limited
Value per share, this model₹142
CMP 2026-09-10₹276.25
Difference(48.7)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of Mobavenue AI Tech 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 4733.6% · 5-yr CAGR —%
EBITDA margin
20.8%
FY26 20.8% · 5-yr average 21.1%
Depreciation · capex, % of revenue
1% · 5.7%, fading to 1.2× depreciation
FY26 1.0% · 5.7%
Working capital, % of added revenue · tax
14.5% · 28.2%
53 working-capital days · effective 28.2%
Discount rate
11.00%
1-yr beta 0.18
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(31) · ₹0 · ₹0 cr
FY26 net debt ₹(31) cr
Shares
7.73 crore
7.73 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
218
284
369
480
624
811
growth %
4733.6
30.0
30.0
30.0
30.0
30.0
EBITDA
45
59
77
100
130
169
Depreciation
(2)
(3)
(4)
(5)
(6)
(8)
NOPAT
31
40
52
68
89
115
less capex
(12)
(16)
(17)
(17)
(15)
(10)
less working-capital build
—
(10)
(12)
(16)
(21)
(27)
Free cash flow to firm
—
18
27
40
60
87
Present value
17
23
31
41
54
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 · Mobavenue AI Tech Limited · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
166
PV of the terminal value (84% of EV)
899
Enterprise value
1,065
less net debt
31
less non-controlling interest
0
add non-operating investments
0
Equity value
1,096
÷ 7.73 crore shares
₹142
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
147
158
172
189
210
10.5%
135
144
156
169
186
11.0%
124
132
142
153
166
11.5%
115
122
130
139
150
12.0%
108
113
120
128
137
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
