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

ONEMI TECHNOLOGY SOL LTD

Value per share, this model506
CMP 2026-09-10328.00
Difference54.4%
Growth the CMP implies(1.0)%/yr

This note states the assumptions and the arithmetic of one model of ONEMI TECHNOLOGY SOL 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 margin29.9%FY26 29.9% · 5-yr average 29.9%
Depreciation · capex, % of revenue1% · 0.5%, fading to 1.2× depreciationFY26 1.0% · 0.5%
Working capital, % of added revenue · tax0% · 25.3%0 working-capital days · effective 25.3%
Discount rate11.00%1-yr beta 1.03
After FY315% flat · mid-year discounting
Net debt · non-controlling interest · non-operating investments883 · ₹0 · ₹0 crFY26 net debt ₹883 cr
Shares16.85 crore16.85 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.

Projected cash flow to the firm

₹ croreFY26FY27FY28FY29FY30FY31
Revenue2,1792,3542,5422,7452,9653,202
growth %8.08.08.08.08.0
EBITDA651704760821886957
Depreciation(22)(24)(25)(27)(30)(32)
NOPAT470508549593640691
less capex(10)(12)(17)(23)(30)(38)
less working-capital build00000
Free cash flow to firm520557597639685
Present value493476460444428
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 · ONEMI TECHNOLOGY SOL LTD · 11 September 2026Page 2 of 2

From enterprise to equity

PV of the 5 explicit years2,301
PV of the terminal value (76% of EV)7,113
Enterprise value9,414
less net debt(883)
less non-controlling interest0
add non-operating investments0
Equity value8,531
÷ 16.85 crore shares506
Source: the model.

Sensitivity, ₹ per share

WACC ↓ · terminal growth →4.0%4.5%5.0%5.5%6.0%
10.0%525567617679756
10.5%480515557606667
11.0%443472506547596
11.5%410435464497537
12.0%381403427456489
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