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Model Note · PARK MEDI WORLD LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
PARK MEDI WORLD LIMITED Discounted cash flow · base FY26
PARK MEDI WORLD LIMITED
Value per share, this model₹113
CMP 2026-09-10₹279.90
Difference(59.8)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of PARK MEDI WORLD LIMITED, 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
26.5%
FY26 26.5% · 5-yr average 26.5%
Depreciation · capex, % of revenue
3.7% · 7.1%, fading to 1.2× depreciation
FY26 3.7% · 7.1%
Working capital, % of added revenue · tax
29% · 22.9%
106 working-capital days · effective 22.9%
Discount rate
11.00%
1-yr beta 0.86
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(9) · ₹0 · ₹0 cr
FY26 net debt ₹(9) cr
Shares
43.19 crore
43.19 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
1,679
1,814
1,959
2,116
2,285
2,468
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
444
481
519
561
605
654
Depreciation
(62)
(67)
(72)
(78)
(85)
(91)
NOPAT
294
319
344
372
402
434
less capex
(120)
(129)
(126)
(122)
(117)
(110)
less working-capital build
—
(39)
(42)
(45)
(49)
(53)
Free cash flow to firm
—
218
249
283
320
362
Present value
207
213
218
222
227
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 · PARK MEDI WORLD LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
1,087
PV of the terminal value (78% of EV)
3,765
Enterprise value
4,851
less net debt
9
less non-controlling interest
0
add non-operating investments
0
Equity value
4,860
÷ 43.19 crore shares
₹113
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
116
125
135
148
164
10.5%
107
114
123
133
146
11.0%
99
105
113
121
131
11.5%
93
98
104
111
119
12.0%
87
91
96
102
109
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
