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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 model₹506
CMP 2026-09-10₹328.00
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
Input
This model
Filed reference
Revenue growth, 5 years
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
29.9%
FY26 29.9% · 5-yr average 29.9%
Depreciation · capex, % of revenue
1% · 0.5%, fading to 1.2× depreciation
FY26 1.0% · 0.5%
Working capital, % of added revenue · tax
0% · 25.3%
0 working-capital days · effective 25.3%
Discount rate
11.00%
1-yr beta 1.03
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹883 · ₹0 · ₹0 cr
FY26 net debt ₹883 cr
Shares
16.85 crore
16.85 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
2,179
2,354
2,542
2,745
2,965
3,202
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
651
704
760
821
886
957
Depreciation
(22)
(24)
(25)
(27)
(30)
(32)
NOPAT
470
508
549
593
640
691
less capex
(10)
(12)
(17)
(23)
(30)
(38)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
520
557
597
639
685
Present value
493
476
460
444
428
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 years
2,301
PV of the terminal value (76% of EV)
7,113
Enterprise value
9,414
less net debt
(883)
less non-controlling interest
0
add non-operating investments
0
Equity value
8,531
÷ 16.85 crore shares
₹506
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
525
567
617
679
756
10.5%
480
515
557
606
667
11.0%
443
472
506
547
596
11.5%
410
435
464
497
537
12.0%
381
403
427
456
489
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