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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 model₹193
CMP 2026-09-10₹464.80
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
Input
This model
Filed reference
Revenue growth, 5 years
30% a year
FY26 34.8% · 5-yr CAGR 25.8%
EBITDA margin
4.7%
FY26 4.7% · 5-yr average 4.2%
Depreciation · capex, % of revenue
0.5% · 5.4%, fading to 1.2× depreciation
FY26 0.5% · 5.4%
Working capital, % of added revenue · tax
5.4% · 25.7%
20 working-capital days · effective 25.7%
Discount rate
11.00%
1-yr beta 1.59
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹48 · ₹0 · ₹0 cr
FY26 net debt ₹48 cr
Shares
18.28 crore
18.28 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
5,410
7,033
9,143
11,886
15,452
20,088
growth %
34.8
30.0
30.0
30.0
30.0
30.0
EBITDA
256
331
430
559
726
944
Depreciation
(27)
(35)
(46)
(59)
(77)
(100)
NOPAT
170
219
285
371
482
627
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)
89
356
Present value
(202)
(143)
(57)
62
223
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 value
3,584
less net debt
(48)
less non-controlling interest
0
add non-operating investments
0
Equity value
3,536
÷ 18.28 crore shares
₹193
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
201
221
246
275
312
10.5%
180
197
217
241
270
11.0%
163
177
193
213
236
11.5%
148
160
174
190
209
12.0%
134
145
157
170
186
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