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Model Note · ONE GLOBAL SERVICE PROV L · 22 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ONE GLOBAL SERVICE PROV L Discounted cash flow · base FY26
ONE GLOBAL SERVICE PROV L
Value per share, this model₹1,053
CMP 2026-09-21₹532.70
Difference97.7%
Growth the CMP implies1.4%/yr
This note states the assumptions and the arithmetic of one model of ONE GLOBAL SERVICE PROV L, 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 238.8% · 5-yr CAGR 167.1%
EBITDA margin
18.6%
FY26 18.6% · 5-yr average 16.5%
Depreciation · capex, % of revenue
0.1% · 0%, fading to 1.2× depreciation
FY26 0.1% · 0.0%
Working capital, % of added revenue · tax
22.4% · 25.1%
82 working-capital days · effective 25.1%
Discount rate
11.00%
1-yr beta —
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(16) · ₹0 · ₹0 cr
FY26 net debt ₹(16) cr
Shares
1.95 crore
1.95 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
498
648
842
1,094
1,423
1,850
growth %
238.8
30.0
30.0
30.0
30.0
30.0
EBITDA
93
120
157
204
265
344
Depreciation
(1)
(1)
(1)
(1)
(1)
(2)
NOPAT
69
90
117
152
197
256
less capex
(0)
0
(0)
(1)
(1)
(2)
less working-capital build
—
(33)
(44)
(57)
(74)
(96)
Free cash flow to firm
—
57
74
96
124
160
Present value
54
63
74
86
100
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 · ONE GLOBAL SERVICE PROV L · 22 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
377
PV of the terminal value (82% of EV)
1,665
Enterprise value
2,042
less net debt
16
less non-controlling interest
0
add non-operating investments
0
Equity value
2,058
÷ 1.95 crore shares
₹1,053
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
1,089
1,174
1,276
1,400
1,556
10.5%
1,000
1,071
1,154
1,254
1,376
11.0%
924
984
1,053
1,135
1,233
11.5%
859
909
968
1,036
1,116
12.0%
801
845
894
952
1,019
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
