This note states the assumptions and the arithmetic of one model of PEE CEE COSMA SOPE 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
9.5% a year
FY26 9.4% · 5-yr CAGR —%
EBITDA margin
8%
FY26 8.0% · 5-yr average 8.5%
Depreciation · capex, % of revenue
1% · 0.5%, fading to 1.2× depreciation
FY26 1.0% · 0.5%
Working capital, % of added revenue · tax
8.3% · 25.6%
30 working-capital days · effective 25.6%
Discount rate
11.00%
1-yr beta 0.23
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(4) · ₹0 · ₹0 cr
FY26 net debt ₹(4) cr
Shares
0.26 crore
0.26 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
158
173
189
207
227
249
growth %
9.4
9.5
9.5
9.5
9.5
9.5
EBITDA
13
14
15
17
18
20
Depreciation
(2)
(2)
(2)
(2)
(2)
(2)
NOPAT
8
9
10
11
12
13
less capex
(1)
(1)
(1)
(2)
(2)
(3)
less working-capital build
—
(1)
(1)
(1)
(2)
(2)
Free cash flow to firm
—
9
9
10
10
11
Present value
8
8
7
7
7
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 · PEE CEE COSMA SOPE LTD. · 29 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
37
PV of the terminal value (75% of EV)
111
Enterprise value
148
less net debt
4
less non-controlling interest
0
add non-operating investments
0
Equity value
152
÷ 0.26 crore shares
₹574
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
592
634
684
745
822
10.5%
548
583
624
673
733
11.0%
511
540
574
614
662
11.5%
478
503
532
565
604
12.0%
450
471
495
523
556
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
