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Model Note · SUDARSHAN COLORNT IND LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SUDARSHAN COLORNT IND LTD Discounted cash flow · base FY26
SUDARSHAN COLORNT IND LTD
Value per share, this model₹206
CMP 2026-09-10₹377.30
Difference(45.4)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SUDARSHAN COLORNT IND 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
-5% a year
FY26 (5.4)% · 5-yr CAGR 1.3%
EBITDA margin
6.8%
FY26 6.8% · 5-yr average 7.9%
Depreciation · capex, % of revenue
2.5% · 3.7%, fading to 1.2× depreciation
FY26 2.5% · 3.7%
Working capital, % of added revenue · tax
21.7% · 22.7%
79 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
₹(133) · ₹0 · ₹0 cr
FY26 net debt ₹(133) cr
Shares
2.31 crore
2.31 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
781
742
705
669
636
604
growth %
(5.4)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
53
50
48
46
43
41
Depreciation
(20)
(19)
(18)
(17)
(16)
(15)
NOPAT
26
25
23
22
21
20
less capex
(29)
(27)
(25)
(22)
(20)
(18)
less working-capital build
—
8
8
8
7
7
Free cash flow to firm
—
24
24
24
24
24
Present value
23
21
19
17
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 · SUDARSHAN COLORNT IND LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
94
PV of the terminal value (73% of EV)
249
Enterprise value
343
less net debt
133
less non-controlling interest
0
add non-operating investments
0
Equity value
476
÷ 2.31 crore shares
₹206
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
211
222
235
250
270
10.5%
200
209
219
232
247
11.0%
190
197
206
217
229
11.5%
181
188
195
204
214
12.0%
174
180
186
193
202
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
