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Model Note · SHREEJI SHIPPING GLOBAL L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SHREEJI SHIPPING GLOBAL L Discounted cash flow · base FY26
SHREEJI SHIPPING GLOBAL L
Value per share, this model₹151
CMP 2026-09-10₹689.60
Difference(78.2)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SHREEJI SHIPPING GLOBAL 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
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
30.1%
FY26 30.1% · 5-yr average 30.1%
Depreciation · capex, % of revenue
3.7% · 0%, fading to 1.2× depreciation
FY26 3.7% · 0.0%
Working capital, % of added revenue · tax
16.6% · 22.7%
61 working-capital days · effective 22.7%
Discount rate
11.00%
1-yr beta 1.1
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹255 · ₹0 · ₹0 cr
FY26 net debt ₹255 cr
Shares
16.29 crore
16.29 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
709
766
827
894
965
1,042
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
213
231
249
269
290
314
Depreciation
(26)
(28)
(31)
(33)
(36)
(39)
NOPAT
145
156
169
182
197
213
less capex
0
0
(9)
(20)
(32)
(46)
less working-capital build
—
(9)
(10)
(11)
(12)
(13)
Free cash flow to firm
—
175
180
185
189
192
Present value
166
154
142
131
120
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 · SHREEJI SHIPPING GLOBAL L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
714
PV of the terminal value (74% of EV)
1,996
Enterprise value
2,709
less net debt
(255)
less non-controlling interest
0
add non-operating investments
0
Equity value
2,454
÷ 16.29 crore shares
₹151
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
156
168
183
201
223
10.5%
143
153
165
180
197
11.0%
132
141
151
162
177
11.5%
123
130
138
148
160
12.0%
114
121
128
136
145
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
