The note is the current scenario (Base). Download PDF renders this page on the server, fonts and colours exact; Print uses the browser.
Model Note · QUALITY POWER ELEC EQUP L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
QUALITY POWER ELEC EQUP L Discounted cash flow · base FY26
QUALITY POWER ELEC EQUP L
Value per share, this model₹511
CMP 2026-09-10₹1,429.00
Difference(64.2)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of QUALITY POWER ELEC EQUP L, 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 181.4% · 5-yr CAGR —%
EBITDA margin
18.6%
FY26 18.6% · 5-yr average 18.8%
Depreciation · capex, % of revenue
1.4% · 13.6%, fading to 1.2× depreciation
FY26 1.4% · 13.6%
Working capital, % of added revenue · tax
20.5% · 16%
75 working-capital days · effective 16.0%
Discount rate
11.00%
1-yr beta 1.08
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(148) · ₹0 · ₹0 cr
FY26 net debt ₹(148) cr
Shares
7.74 crore
7.74 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
947
1,231
1,601
2,081
2,706
3,517
growth %
181.4
30.0
30.0
30.0
30.0
30.0
EBITDA
176
229
298
387
503
654
Depreciation
(13)
(17)
(22)
(29)
(38)
(49)
NOPAT
137
178
231
301
391
508
less capex
(129)
(167)
(170)
(159)
(126)
(59)
less working-capital build
—
(58)
(76)
(98)
(128)
(166)
Free cash flow to firm
—
(31)
8
72
175
332
Present value
(29)
7
56
121
208
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 · QUALITY POWER ELEC EQUP L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
362
PV of the terminal value (90% of EV)
3,447
Enterprise value
3,809
less net debt
148
less non-controlling interest
0
add non-operating investments
0
Equity value
3,957
÷ 7.74 crore shares
₹511
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
529
573
627
692
773
10.5%
483
520
563
616
680
11.0%
444
475
511
554
605
11.5%
410
436
467
502
544
12.0%
380
403
429
459
494
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
