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Model Note · PRODOCS SOLUTIONS LIMITED · 7 November 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
PRODOCS SOLUTIONS LIMITED Discounted cash flow · base FY26
PRODOCS SOLUTIONS LIMITED
Value per share, this model₹300
CMP, 5 Nov 2026₹144.00
Difference108.7%
Growth the CMP implies(9.1)%/yr
This note states the assumptions and the arithmetic of one model of PRODOCS SOLUTIONS 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
24.8%
FY26 24.8% · 5-yr average 24.8%
Depreciation · capex, % of revenue
0% · 9.7%, fading to 1.2× depreciation
FY26 0.0% · 9.7%
Working capital, % of added revenue · tax
0% · 21.9%
0 working-capital days · effective 21.9%
Discount rate
11.00%
1-yr beta 0.62
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(10) · ₹0 · ₹0 cr
FY26 net debt ₹(10) cr
Shares
0.71 crore
0.71 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
55
60
64
70
75
81
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
14
15
16
17
19
20
Depreciation
0
0
0
0
0
0
NOPAT
11
12
12
13
15
16
less capex
(5)
(6)
(5)
(3)
(2)
0
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
6
8
10
13
16
Present value
5
7
8
9
10
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 · PRODOCS SOLUTIONS LIMITED · 7 November 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
39
PV of the terminal value (81% of EV)
163
Enterprise value
202
less net debt
10
less non-controlling interest
0
add non-operating investments
0
Equity value
212
÷ 0.71 crore shares
₹300
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
310
333
361
395
437
10.5%
286
305
328
355
388
11.0%
265
282
300
323
349
11.5%
248
261
277
296
318
12.0%
232
244
257
273
291
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
