This note states the assumptions and the arithmetic of one model of SKM EGG PROD EXPORT(I) LT, 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 54.3% · 5-yr CAGR 23.3%
EBITDA margin
21.3%
FY26 21.3% · 5-yr average 14.9%
Depreciation · capex, % of revenue
2% · 1.9%, fading to 1.2× depreciation
FY26 2.0% · 1.9%
Working capital, % of added revenue · tax
19.9% · 24.5%
73 working-capital days · effective 24.5%
Discount rate
11.00%
1-yr beta 1.25
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹49 · ₹0 · ₹0 cr
FY26 net debt ₹49 cr
Shares
5.27 crore
5.27 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
768
998
1,298
1,687
2,193
2,852
growth %
54.3
30.0
30.0
30.0
30.0
30.0
EBITDA
164
213
276
359
467
607
Depreciation
(16)
(20)
(26)
(34)
(44)
(57)
NOPAT
112
145
189
246
320
416
less capex
(14)
(19)
(26)
(36)
(50)
(68)
less working-capital build
—
(46)
(60)
(77)
(101)
(131)
Free cash flow to firm
—
101
129
166
213
273
Present value
96
110
128
148
171
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 · SKM EGG PROD EXPORT(I) LT · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
652
PV of the terminal value (81% of EV)
2,837
Enterprise value
3,489
less net debt
(49)
less non-controlling interest
0
add non-operating investments
0
Equity value
3,440
÷ 5.27 crore shares
₹653
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
676
730
794
873
971
10.5%
620
665
717
780
858
11.0%
572
609
653
705
767
11.5%
530
562
599
642
693
12.0%
494
522
553
589
631
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
