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Model Note · RATNAVEER PRECISION ENG L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
RATNAVEER PRECISION ENG L Discounted cash flow · base FY26
RATNAVEER PRECISION ENG L
Value per share, this model₹317
CMP 2026-09-10₹287.75
Difference10.1%
Growth the CMP implies(6.1)%/yr
This note states the assumptions and the arithmetic of one model of RATNAVEER PRECISION ENG 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
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
10.5%
FY26 10.5% · 5-yr average 10.5%
Depreciation · capex, % of revenue
2.4% · 10.7%, fading to 1.2× depreciation
FY26 2.4% · 10.7%
Working capital, % of added revenue · tax
22.6% · 15.4%
83 working-capital days · effective 15.4%
Discount rate
11.00%
1-yr beta 1.33
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹244 · ₹0 · ₹0 cr
FY26 net debt ₹244 cr
Shares
1.76 crore
1.76 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
1,069
1,154
1,247
1,346
1,454
1,570
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
112
121
131
141
153
165
Depreciation
(25)
(28)
(30)
(32)
(35)
(38)
NOPAT
73
79
85
92
100
108
less capex
(114)
(124)
(109)
(91)
(70)
(45)
less working-capital build
—
(19)
(21)
(23)
(24)
(26)
Free cash flow to firm
—
(36)
(15)
11
40
74
Present value
(34)
(12)
8
28
46
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 · RATNAVEER PRECISION ENG L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
35
PV of the terminal value (96% of EV)
766
Enterprise value
802
less net debt
(244)
less non-controlling interest
0
add non-operating investments
0
Equity value
558
÷ 1.76 crore shares
₹317
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
334
377
430
493
573
10.5%
289
325
368
419
482
11.0%
251
281
317
359
409
11.5%
218
244
274
308
349
12.0%
189
211
237
266
300
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
