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 · SHREE KRISHNA PAPER MILLS & IN · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SHREE KRISHNA PAPER MILLS & IN Discounted cash flow · base FY26
SHREE KRISHNA PAPER MILLS & IN
Value per share, this model₹365
CMP 2026-09-10₹90.00
Difference305.8%
Growth the CMP implies(18.3)%/yr
This note states the assumptions and the arithmetic of one model of SHREE KRISHNA PAPER MILLS & IN, 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
30% a year
FY26 35.2% · 5-yr CAGR 26.9%
EBITDA margin
13.5%
FY26 13.5% · 5-yr average 8.9%
Depreciation · capex, % of revenue
1.8% · 4.5%, fading to 1.2× depreciation
FY26 1.8% · 4.5%
Working capital, % of added revenue · tax
15.9% · 21.5%
58 working-capital days · effective 21.5%
Discount rate
11.00%
1-yr beta 0.09
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹42 · ₹0 · ₹0 cr
FY26 net debt ₹42 cr
Shares
1.35 crore
1.35 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
228
297
385
501
651
847
growth %
35.2
30.0
30.0
30.0
30.0
30.0
EBITDA
31
40
52
68
88
114
Depreciation
(4)
(5)
(7)
(9)
(12)
(15)
NOPAT
21
27
35
46
60
78
less capex
(10)
(13)
(15)
(17)
(18)
(18)
less working-capital build
—
(11)
(14)
(18)
(24)
(31)
Free cash flow to firm
—
8
13
20
30
44
Present value
8
11
15
21
27
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 · SHREE KRISHNA PAPER MILLS & IN · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
82
PV of the terminal value (85% of EV)
453
Enterprise value
536
less net debt
(42)
less non-controlling interest
0
add non-operating investments
0
Equity value
494
÷ 1.35 crore shares
₹365
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
379
413
453
502
563
10.5%
344
372
405
444
492
11.0%
315
338
365
397
436
11.5%
289
309
332
359
390
12.0%
266
284
303
326
352
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
