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 · SK Minerals & Additives Limite · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SK Minerals & Additives Limite Discounted cash flow · base FY26
SK Minerals & Additives Limite
Value per share, this model₹127
CMP 2026-09-10₹486.00
Difference(74.0)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SK Minerals & Additives Limite, 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
10.1%
FY26 10.1% · 5-yr average 10.1%
Depreciation · capex, % of revenue
0.3% · 6%, fading to 1.2× depreciation
FY26 0.3% · 6.0%
Working capital, % of added revenue · tax
24.6% · 33.3%
90 working-capital days · effective 33.3%
Discount rate
11.00%
1-yr beta 1
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹98 · ₹0 · ₹0 cr
FY26 net debt ₹98 cr
Shares
1.22 crore
1.22 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
318
343
371
400
432
467
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
32
35
37
40
44
47
Depreciation
(1)
(1)
(1)
(1)
(1)
(1)
NOPAT
21
22
24
26
28
31
less capex
(19)
(21)
(17)
(13)
(8)
(2)
less working-capital build
—
(6)
(7)
(7)
(8)
(9)
Free cash flow to firm
—
(3)
2
7
14
22
Present value
(3)
1
6
10
14
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 · SK Minerals & Additives Limite · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
27
PV of the terminal value (89% of EV)
226
Enterprise value
253
less net debt
(98)
less non-controlling interest
0
add non-operating investments
0
Equity value
155
÷ 1.22 crore shares
₹127
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
134
152
175
201
235
10.5%
115
130
148
170
196
11.0%
99
112
127
144
166
11.5%
85
96
108
123
140
12.0%
72
82
92
105
119
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
