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Model Note · REVATHI EQUIPMENT INDIA L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
REVATHI EQUIPMENT INDIA L Discounted cash flow · base FY26
REVATHI EQUIPMENT INDIA L
Value per share, this model₹285
CMP 2026-09-10₹740.40
Difference(61.6)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of REVATHI EQUIPMENT INDIA 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
-5% a year
FY26 (19.9)% · 5-yr CAGR —%
EBITDA margin
12.5%
FY26 12.5% · 5-yr average 14.4%
Depreciation · capex, % of revenue
2.5% · 9.3%, fading to 1.2× depreciation
FY26 2.5% · 9.3%
Working capital, % of added revenue · tax
63.7% · 24%
233 working-capital days · effective 24.0%
Discount rate
11.00%
1-yr beta 0.46
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹66 · ₹0 · ₹0 cr
FY26 net debt ₹66 cr
Shares
0.31 crore
0.31 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
143
136
129
123
116
111
growth %
(19.9)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
18
17
16
15
15
14
Depreciation
(4)
(3)
(3)
(3)
(3)
(3)
NOPAT
11
10
10
9
9
8
less capex
(13)
(13)
(10)
(8)
(5)
(3)
less working-capital build
—
5
4
4
4
4
Free cash flow to firm
—
6
7
9
10
12
Present value
5
6
7
7
7
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 · REVATHI EQUIPMENT INDIA L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
33
PV of the terminal value (78% of EV)
120
Enterprise value
153
less net debt
(66)
less non-controlling interest
0
add non-operating investments
0
Equity value
87
÷ 0.31 crore shares
₹285
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
302
341
388
445
517
10.5%
260
293
331
378
434
11.0%
225
253
285
322
368
11.5%
195
218
245
276
314
12.0%
168
188
211
238
269
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
