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Model Note · NAGREEKA CAP & INFR.LTD · 29 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
NAGREEKA CAP & INFR.LTD Discounted cash flow · base FY26
NAGREEKA CAP & INFR.LTD
Value per share, this model₹148
CMP, 28 Oct 2026₹23.78
Difference523.1%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of NAGREEKA CAP & INFR.LTD, built on its filed FY26 standalone 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
-5% a year
FY26 (13.2)% · 5-yr CAGR 35.4%
EBITDA margin
35%
FY26 35.0% · 5-yr average 50.6%
Depreciation · capex, % of revenue
0.1% · 0%, fading to 1.2× depreciation
FY26 0.1% · 0.0%
Working capital, % of added revenue · tax
122.4% · 24.4%
447 working-capital days · effective 24.4%
Discount rate
11.00%
1-yr beta 0.88
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(1) · ₹0 · ₹0 cr
FY26 net debt ₹(1) cr
Shares
1.26 crore
1.26 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
50
47
45
43
40
38
growth %
(13.2)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
17
16
16
15
14
13
Depreciation
(0)
(0)
(0)
(0)
(0)
(0)
NOPAT
13
12
12
11
11
10
less capex
0
0
(0)
(0)
(0)
(0)
less working-capital build
—
3
3
3
3
2
Free cash flow to firm
—
16
15
14
13
13
Present value
15
13
11
9
8
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 · NAGREEKA CAP & INFR.LTD · 29 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
55
PV of the terminal value (70% of EV)
131
Enterprise value
186
less net debt
1
less non-controlling interest
0
add non-operating investments
0
Equity value
187
÷ 1.26 crore shares
₹148
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
153
163
176
191
210
10.5%
142
150
161
173
188
11.0%
133
140
148
158
170
11.5%
124
131
138
146
156
12.0%
117
123
129
136
144
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
