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Model Note · SANSERA ENGINEERING LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SANSERA ENGINEERING LTD Discounted cash flow · base FY26
SANSERA ENGINEERING LTD
Value per share, this model₹553
CMP 2026-09-10₹4,115.50
Difference(86.6)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SANSERA ENGINEERING 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
16% a year
FY26 15.9% · 5-yr CAGR —%
EBITDA margin
17.6%
FY26 17.6% · 5-yr average 16.9%
Depreciation · capex, % of revenue
5.9% · 14.6%, fading to 1.2× depreciation
FY26 5.9% · 14.6%
Working capital, % of added revenue · tax
21.6% · 24.4%
79 working-capital days · effective 24.4%
Discount rate
11.00%
1-yr beta 1.35
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹354 · ₹0 · ₹0 cr
FY26 net debt ₹354 cr
Shares
6.24 crore
6.24 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
3,498
4,058
4,707
5,460
6,333
7,347
growth %
15.9
16.0
16.0
16.0
16.0
16.0
EBITDA
616
714
828
961
1,115
1,293
Depreciation
(206)
(239)
(278)
(322)
(374)
(433)
NOPAT
310
359
416
483
560
650
less capex
(511)
(592)
(599)
(592)
(567)
(520)
less working-capital build
—
(121)
(140)
(163)
(189)
(219)
Free cash flow to firm
—
(115)
(45)
51
178
344
Present value
(109)
(38)
39
123
215
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 · SANSERA ENGINEERING LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
230
PV of the terminal value (94% of EV)
3,575
Enterprise value
3,805
less net debt
(354)
less non-controlling interest
0
add non-operating investments
0
Equity value
3,451
÷ 6.24 crore shares
₹553
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
576
633
702
785
890
10.5%
517
564
620
688
770
11.0%
467
506
553
608
674
11.5%
423
457
496
542
596
12.0%
385
414
448
486
531
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
