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Model Note · SHARMA EAST INDIA HOSPITALS & · 29 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SHARMA EAST INDIA HOSPITALS & Discounted cash flow · base FY26
SHARMA EAST INDIA HOSPITALS &
Value per share, this model₹(73)
CMP, 27 Oct 2026₹82.00
Difference(189.6)%
Growth the CMP implies—
This note states the assumptions and the arithmetic of one model of SHARMA EAST INDIA HOSPITALS &, built on its filed FY26 standalone 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
20.5% a year
FY26 20.3% · 5-yr CAGR —%
EBITDA margin
10.1%
FY26 10.1% · 5-yr average 8.3%
Depreciation · capex, % of revenue
4.8% · 2.2%, fading to 1.2× depreciation
FY26 4.8% · 2.2%
Working capital, % of added revenue · tax
29.5% · 20.6%
108 working-capital days · effective 20.6%
Discount rate
11.00%
1-yr beta 0.34
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹7 · ₹0 · ₹0 cr
FY26 net debt ₹7 cr
Shares
0.33 crore
0.33 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
36
43
52
63
76
91
growth %
20.3
20.5
20.5
20.5
20.5
20.5
EBITDA
4
4
5
6
8
9
Depreciation
(2)
(2)
(3)
(3)
(4)
(4)
NOPAT
2
2
2
3
3
4
less capex
(1)
(1)
(2)
(3)
(4)
(5)
less working-capital build
—
(2)
(3)
(3)
(4)
(5)
Free cash flow to firm
—
1
0
0
(1)
(2)
Present value
1
0
0
(0)
(1)
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 · SHARMA EAST INDIA HOSPITALS & · 29 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(0)
PV of the terminal value (—% of EV)
(17)
Enterprise value
(17)
less net debt
(7)
less non-controlling interest
0
add non-operating investments
0
Equity value
(24)
÷ 0.33 crore shares
₹(73)
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
(75)
(81)
(87)
(94)
(103)
10.5%
(70)
(74)
(79)
(85)
(93)
11.0%
(66)
(69)
(73)
(78)
(84)
11.5%
(62)
(65)
(68)
(72)
(77)
12.0%
(58)
(61)
(64)
(68)
(72)
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
