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Model Note · PURETROP FRUITS LIMITED · 9 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
PURETROP FRUITS LIMITED Discounted cash flow · base FY26
PURETROP FRUITS LIMITED
Value per share, this model₹666
CMP, 8 Oct 2026₹176.00
Difference278.5%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of PURETROP FRUITS LIMITED, built on its filed FY26 standalone 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% a year
FY26 9.1% · 5-yr CAGR (3.6)%
EBITDA margin
28.8%
FY26 28.8% · 5-yr average 10.9%
Depreciation · capex, % of revenue
4.4% · 0.7%, fading to 1.2× depreciation
FY26 4.4% · 0.7%
Working capital, % of added revenue · tax
18.5% · 7.1%
68 working-capital days · effective 7.1%
Discount rate
11.00%
1-yr beta 0.23
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹1 · ₹0 · ₹0 cr
FY26 net debt ₹1 cr
Shares
0.80 crore
0.80 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
122
133
145
158
172
188
growth %
9.1
9.0
9.0
9.0
9.0
9.0
EBITDA
35
38
42
45
50
54
Depreciation
(5)
(6)
(6)
(7)
(8)
(8)
NOPAT
28
30
33
36
39
43
less capex
(1)
(1)
(3)
(5)
(7)
(10)
less working-capital build
—
(2)
(2)
(2)
(3)
(3)
Free cash flow to firm
—
33
34
36
37
38
Present value
31
29
27
26
24
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 · PURETROP FRUITS LIMITED · 9 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
137
PV of the terminal value (74% of EV)
395
Enterprise value
532
less net debt
(1)
less non-controlling interest
0
add non-operating investments
0
Equity value
531
÷ 0.80 crore shares
₹666
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
688
737
796
869
959
10.5%
636
677
725
784
855
11.0%
591
626
666
714
771
11.5%
553
582
616
656
702
12.0%
519
544
573
607
645
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
