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Model Note · SHRI JAGDAMBA POLYMERS L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SHRI JAGDAMBA POLYMERS L Discounted cash flow · base FY26
SHRI JAGDAMBA POLYMERS L
Value per share, this model₹234
CMP 2026-09-10₹647.00
Difference(63.8)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SHRI JAGDAMBA POLYMERS 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
-5% a year
FY26 (10.5)% · 5-yr CAGR —%
EBITDA margin
10.9%
FY26 10.9% · 5-yr average 12.7%
Depreciation · capex, % of revenue
2.7% · 13.1%, fading to 1.2× depreciation
FY26 2.7% · 13.1%
Working capital, % of added revenue · tax
33.4% · 28.3%
122 working-capital days · effective 28.3%
Discount rate
11.00%
1-yr beta —
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹61 · ₹0 · ₹0 cr
FY26 net debt ₹61 cr
Shares
0.88 crore
0.88 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
431
409
389
370
351
333
growth %
(10.5)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
47
45
42
40
38
36
Depreciation
(11)
(11)
(11)
(10)
(9)
(9)
NOPAT
26
24
23
22
21
20
less capex
(56)
(54)
(41)
(30)
(20)
(11)
less working-capital build
—
7
7
6
6
6
Free cash flow to firm
—
(11)
(1)
8
16
24
Present value
(11)
(1)
6
11
15
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 · SHRI JAGDAMBA POLYMERS L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
21
PV of the terminal value (92% of EV)
246
Enterprise value
266
less net debt
(61)
less non-controlling interest
0
add non-operating investments
0
Equity value
205
÷ 0.88 crore shares
₹234
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
246
274
307
348
400
10.5%
217
240
268
301
341
11.0%
192
212
234
261
294
11.5%
171
187
207
229
255
12.0%
152
166
183
202
224
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
