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Model Note · PRADEEP METALS LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
PRADEEP METALS LTD. Discounted cash flow · base FY26
PRADEEP METALS LTD.
Value per share, this model₹459
CMP 2026-09-10₹486.90
Difference(5.7)%
Growth the CMP implies11.7%/yr
This note states the assumptions and the arithmetic of one model of PRADEEP METALS 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
8.5% a year
FY26 8.4% · 5-yr CAGR 16.7%
EBITDA margin
16.1%
FY26 16.1% · 5-yr average 15.6%
Depreciation · capex, % of revenue
2.9% · 7.1%, fading to 1.2× depreciation
FY26 2.9% · 7.1%
Working capital, % of added revenue · tax
36.4% · -23.4%
133 working-capital days · effective (23.4)%
Discount rate
11.00%
1-yr beta 0.99
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹69 · ₹0 · ₹0 cr
FY26 net debt ₹69 cr
Shares
1.73 crore
1.73 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
338
367
398
432
468
508
growth %
8.4
8.5
8.5
8.5
8.5
8.5
EBITDA
54
59
64
70
75
82
Depreciation
(10)
(11)
(12)
(13)
(14)
(15)
NOPAT
55
60
65
70
76
83
less capex
(24)
(26)
(25)
(23)
(21)
(18)
less working-capital build
—
(10)
(11)
(12)
(13)
(14)
Free cash flow to firm
—
34
40
48
56
65
Present value
32
35
37
39
41
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 · PRADEEP METALS LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
183
PV of the terminal value (79% of EV)
679
Enterprise value
862
less net debt
(69)
less non-controlling interest
0
add non-operating investments
0
Equity value
793
÷ 1.73 crore shares
₹459
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
476
515
562
619
691
10.5%
435
467
506
552
608
11.0%
400
427
459
497
542
11.5%
369
393
420
451
488
12.0%
343
363
386
412
443
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
