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Model Note · OM POWER TRANSMISSION LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
OM POWER TRANSMISSION LTD
Discounted cash flow · base FY26

OM POWER TRANSMISSION LTD

Value per share, this model190
CMP 2026-09-10170.00
Difference11.8%
Growth the CMP implies1.3%/yr

This note states the assumptions and the arithmetic of one model of OM POWER TRANSMISSION 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

InputThis modelFiled reference
Revenue growth, 5 years8% a yearFY26 % · 5-yr CAGR %
EBITDA margin12.7%FY26 12.7% · 5-yr average 12.7%
Depreciation · capex, % of revenue0.2% · 1%, fading to 1.2× depreciationFY26 0.2% · 1.0%
Working capital, % of added revenue · tax25.3% · 22.3%93 working-capital days · effective 22.3%
Discount rate11.00%1-yr beta 0.25
After FY315% flat · mid-year discounting
Net debt · non-controlling interest · non-operating investments45 · ₹0 · ₹0 crFY26 net debt ₹45 cr
Shares3.42 crore3.42 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.

Projected cash flow to the firm

₹ croreFY26FY27FY28FY29FY30FY31
Revenue449485524566611660
growth %8.08.08.08.08.0
EBITDA576267727884
Depreciation(1)(1)(1)(1)(1)(1)
NOPAT444751555964
less capex(5)(5)(4)(4)(3)(2)
less working-capital build(9)(10)(11)(11)(12)
Free cash flow to firm3438424651
Present value3232323232
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 · OM POWER TRANSMISSION LTD · 11 September 2026Page 2 of 2

From enterprise to equity

PV of the 5 explicit years162
PV of the terminal value (77% of EV)535
Enterprise value696
less net debt(45)
less non-controlling interest0
add non-operating investments0
Equity value651
÷ 3.42 crore shares190
Source: the model.

Sensitivity, ₹ per share

WACC ↓ · terminal growth →4.0%4.5%5.0%5.5%6.0%
10.0%197212231254282
10.5%181193209227249
11.0%167177190205223
11.5%154164174187202
12.0%144152161171184
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