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Model Note · PRECISION WIRES INDIA LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
PRECISION WIRES INDIA LTD
Discounted cash flow · base FY26

PRECISION WIRES INDIA LTD

Value per share, this model193
CMP 2026-09-10464.80
Difference(58.4)%
Growth the CMP implies45.0%/yr

This note states the assumptions and the arithmetic of one model of PRECISION WIRES INDIA 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

InputThis modelFiled reference
Revenue growth, 5 years30% a yearFY26 34.8% · 5-yr CAGR 25.8%
EBITDA margin4.7%FY26 4.7% · 5-yr average 4.2%
Depreciation · capex, % of revenue0.5% · 5.4%, fading to 1.2× depreciationFY26 0.5% · 5.4%
Working capital, % of added revenue · tax5.4% · 25.7%20 working-capital days · effective 25.7%
Discount rate11.00%1-yr beta 1.59
After FY315% flat · mid-year discounting
Net debt · non-controlling interest · non-operating investments48 · ₹0 · ₹0 crFY26 net debt ₹48 cr
Shares18.28 crore18.28 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.

Projected cash flow to the firm

₹ croreFY26FY27FY28FY29FY30FY31
Revenue5,4107,0339,14311,88615,45220,088
growth %34.830.030.030.030.030.0
EBITDA256331430559726944
Depreciation(27)(35)(46)(59)(77)(100)
NOPAT170219285371482627
less capex(294)(380)(384)(357)(278)(121)
less working-capital build(88)(114)(148)(193)(250)
Free cash flow to firm(213)(167)(74)89356
Present value(202)(143)(57)62223
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 · PRECISION WIRES INDIA LTD · 11 September 2026Page 2 of 2

From enterprise to equity

PV of the 5 explicit years(118)
PV of the terminal value (103% of EV)3,702
Enterprise value3,584
less net debt(48)
less non-controlling interest0
add non-operating investments0
Equity value3,536
÷ 18.28 crore shares193
Source: the model.

Sensitivity, ₹ per share

WACC ↓ · terminal growth →4.0%4.5%5.0%5.5%6.0%
10.0%201221246275312
10.5%180197217241270
11.0%163177193213236
11.5%148160174190209
12.0%134145157170186
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