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Model Note · SHREE SALASAR INVESTMENT LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SHREE SALASAR INVESTMENT LTD. Discounted cash flow · base FY26
SHREE SALASAR INVESTMENT LTD.
Value per share, this model₹1,407
CMP 2026-09-10₹350.10
Difference301.9%
Growth the CMP implies0.6%/yr
This note states the assumptions and the arithmetic of one model of SHREE SALASAR INVESTMENT 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
30% a year
FY26 152.8% · 5-yr CAGR 80.1%
EBITDA margin
26.9%
FY26 26.9% · 5-yr average 15.1%
Depreciation · capex, % of revenue
0% · 0%, fading to 1.2× depreciation
FY26 0.0% · 0.0%
Working capital, % of added revenue · tax
0% · 25.2%
-1 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta -0.39
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹87 · ₹0 · ₹0 cr
FY26 net debt ₹87 cr
Shares
0.70 crore
0.70 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
112
146
190
247
321
417
growth %
152.8
30.0
30.0
30.0
30.0
30.0
EBITDA
30
39
51
66
86
112
Depreciation
(0)
0
0
0
0
0
NOPAT
23
29
38
50
65
84
less capex
(0)
0
0
0
0
0
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
29
38
50
65
84
Present value
28
33
38
45
52
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 SALASAR INVESTMENT LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
196
PV of the terminal value (82% of EV)
872
Enterprise value
1,068
less net debt
(87)
less non-controlling interest
0
add non-operating investments
0
Equity value
981
÷ 0.70 crore shares
₹1,407
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
1,460
1,584
1,734
1,917
2,145
10.5%
1,330
1,433
1,555
1,702
1,882
11.0%
1,218
1,305
1,407
1,527
1,671
11.5%
1,122
1,196
1,282
1,382
1,500
12.0%
1,038
1,102
1,174
1,258
1,357
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
