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Model Note · SUMITOMO CHEM INDIA LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SUMITOMO CHEM INDIA LTD Discounted cash flow · base FY26
SUMITOMO CHEM INDIA LTD
Value per share, this model₹131
CMP 2026-09-10₹476.05
Difference(72.4)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SUMITOMO CHEM INDIA 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
3% a year
FY26 2.9% · 5-yr CAGR 4.1%
EBITDA margin
20.2%
FY26 20.2% · 5-yr average 19.1%
Depreciation · capex, % of revenue
2% · 1.4%, fading to 1.2× depreciation
FY26 2.0% · 1.4%
Working capital, % of added revenue · tax
34.1% · 25.4%
125 working-capital days · effective 25.4%
Discount rate
11.00%
1-yr beta 1.1
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(67) · ₹0 · ₹0 cr
FY26 net debt ₹(67) cr
Shares
49.91 crore
49.91 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
3,238
3,335
3,436
3,539
3,645
3,754
growth %
2.9
3.0
3.0
3.0
3.0
3.0
EBITDA
655
674
694
715
736
758
Depreciation
(66)
(67)
(69)
(71)
(73)
(75)
NOPAT
439
453
466
480
495
510
less capex
(44)
(47)
(57)
(67)
(78)
(90)
less working-capital build
—
(33)
(34)
(35)
(36)
(37)
Free cash flow to firm
—
440
444
449
453
457
Present value
417
380
346
315
286
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 · SUMITOMO CHEM INDIA LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
1,744
PV of the terminal value (73% of EV)
4,750
Enterprise value
6,494
less net debt
67
less non-controlling interest
0
add non-operating investments
0
Equity value
6,561
÷ 49.91 crore shares
₹131
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
136
145
157
170
188
10.5%
126
134
143
154
168
11.0%
117
124
131
141
152
11.5%
110
115
122
129
138
12.0%
103
108
114
120
127
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
