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Model Note · OVOBEL FOODS LTD. · 9 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
OVOBEL FOODS LTD. Discounted cash flow · base FY26
OVOBEL FOODS LTD.
Value per share, this model₹163
CMP, 8 Oct 2026₹263.80
Difference(38.2)%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of OVOBEL FOODS LTD., built on its filed FY26 standalone 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 36.1% · 5-yr CAGR 18.3%
EBITDA margin
10.5%
FY26 10.5% · 5-yr average 10.0%
Depreciation · capex, % of revenue
1.8% · 2.5%, fading to 1.2× depreciation
FY26 1.8% · 2.5%
Working capital, % of added revenue · tax
19.3% · 27.5%
71 working-capital days · effective 27.5%
Discount rate
11.00%
1-yr beta 1.18
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹23 · ₹0 · ₹0 cr
FY26 net debt ₹23 cr
Shares
0.95 crore
0.95 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
257
334
434
564
733
953
growth %
36.1
30.0
30.0
30.0
30.0
30.0
EBITDA
27
35
46
59
77
100
Depreciation
(5)
(6)
(8)
(10)
(13)
(17)
NOPAT
16
21
27
36
46
60
less capex
(7)
(8)
(10)
(13)
(16)
(21)
less working-capital build
—
(15)
(19)
(25)
(33)
(42)
Free cash flow to firm
—
4
5
7
10
14
Present value
4
5
6
7
9
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 · OVOBEL FOODS LTD. · 9 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
30
PV of the terminal value (83% of EV)
148
Enterprise value
178
less net debt
(23)
less non-controlling interest
0
add non-operating investments
0
Equity value
155
÷ 0.95 crore shares
₹163
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
170
185
204
226
255
10.5%
153
166
182
200
222
11.0%
140
150
163
178
196
11.5%
128
137
148
160
175
12.0%
117
125
134
145
157
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
