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Model Note · ORACLE FIN SERV SOFT LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
ORACLE FIN SERV SOFT LTD. Discounted cash flow · base FY26
ORACLE FIN SERV SOFT LTD.
Value per share, this model₹6,432
CMP 2026-09-10₹11,763.00
Difference(45.3)%
Growth the CMP implies29.9%/yr
This note states the assumptions and the arithmetic of one model of ORACLE FIN SERV SOFT 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
12% a year
FY26 12.1% · 5-yr CAGR 9.0%
EBITDA margin
45.3%
FY26 45.3% · 5-yr average 45.0%
Depreciation · capex, % of revenue
0.9% · 0.7%, fading to 1.2× depreciation
FY26 0.9% · 0.7%
Working capital, % of added revenue · tax
16.4% · 28.3%
60 working-capital days · effective 28.3%
Discount rate
11.00%
1-yr beta 0.81
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(1,488) · ₹0 · ₹0 cr
FY26 net debt ₹(1,488) cr
Shares
8.70 crore
8.70 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
7,672
8,593
9,624
10,779
12,072
13,521
growth %
12.1
12.0
12.0
12.0
12.0
12.0
EBITDA
3,477
3,893
4,360
4,883
5,469
6,125
Depreciation
(65)
(77)
(87)
(97)
(109)
(122)
NOPAT
2,446
2,735
3,064
3,431
3,843
4,304
less capex
(52)
(60)
(77)
(96)
(119)
(146)
less working-capital build
—
(151)
(169)
(189)
(212)
(238)
Free cash flow to firm
—
2,602
2,905
3,243
3,621
4,042
Present value
2,469
2,484
2,498
2,513
2,527
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 · ORACLE FIN SERV SOFT LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
12,492
PV of the terminal value (77% of EV)
41,982
Enterprise value
54,474
less net debt
1,488
less non-controlling interest
0
add non-operating investments
0
Equity value
55,962
÷ 8.70 crore shares
₹6,432
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
6,641
7,122
7,699
8,404
9,285
10.5%
6,136
6,535
7,008
7,574
8,267
11.0%
5,704
6,040
6,432
6,896
7,453
11.5%
5,329
5,616
5,946
6,332
6,787
12.0%
5,003
5,249
5,530
5,854
6,233
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
