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 · RAJRATAN GLOBAL WIRE LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
RAJRATAN GLOBAL WIRE LTD Discounted cash flow · base FY26
RAJRATAN GLOBAL WIRE LTD
Value per share, this model₹192
CMP 2026-09-10₹499.65
Difference(61.5)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of RAJRATAN GLOBAL WIRE 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
23.5% a year
FY26 23.7% · 5-yr CAGR 16.2%
EBITDA margin
12.1%
FY26 12.1% · 5-yr average 15.7%
Depreciation · capex, % of revenue
2.4% · 9.1%, fading to 1.2× depreciation
FY26 2.4% · 9.1%
Working capital, % of added revenue · tax
19.1% · 21.3%
70 working-capital days · effective 21.3%
Discount rate
11.00%
1-yr beta 1.63
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹301 · ₹0 · ₹0 cr
FY26 net debt ₹301 cr
Shares
5.08 crore
5.08 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
1,157
1,428
1,764
2,178
2,690
3,323
growth %
23.7
23.5
23.5
23.5
23.5
23.5
EBITDA
140
173
213
264
326
402
Depreciation
(28)
(34)
(42)
(52)
(65)
(80)
NOPAT
88
109
135
166
205
254
less capex
(106)
(130)
(133)
(130)
(119)
(96)
less working-capital build
—
(52)
(64)
(79)
(98)
(121)
Free cash flow to firm
—
(39)
(20)
9
53
117
Present value
(37)
(17)
7
37
73
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 · RAJRATAN GLOBAL WIRE LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
63
PV of the terminal value (95% of EV)
1,214
Enterprise value
1,277
less net debt
(301)
less non-controlling interest
0
add non-operating investments
0
Equity value
976
÷ 5.08 crore shares
₹192
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
202
226
254
289
333
10.5%
177
197
220
249
283
11.0%
156
173
192
215
243
11.5%
138
152
169
188
210
12.0%
122
134
148
165
183
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
