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Model Note · SUNRAKSHAKK INDUS IND L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SUNRAKSHAKK INDUS IND L Discounted cash flow · base FY26
SUNRAKSHAKK INDUS IND L
Value per share, this model₹257
CMP 2026-09-10₹378.00
Difference(32.0)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SUNRAKSHAKK INDUS IND 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
30% a year
FY26 237.3% · 5-yr CAGR —%
EBITDA margin
9.7%
FY26 9.7% · 5-yr average 11.9%
Depreciation · capex, % of revenue
2.3% · 9.7%, fading to 1.2× depreciation
FY26 2.3% · 9.7%
Working capital, % of added revenue · tax
8.5% · 21.1%
31 working-capital days · effective 21.1%
Discount rate
11.00%
1-yr beta —
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹30 · ₹0 · ₹0 cr
FY26 net debt ₹30 cr
Shares
3.10 crore
3.10 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
608
790
1,027
1,335
1,736
2,257
growth %
237.3
30.0
30.0
30.0
30.0
30.0
EBITDA
59
77
100
130
168
219
Depreciation
(14)
(18)
(24)
(31)
(40)
(52)
NOPAT
35
46
60
78
101
132
less capex
(59)
(77)
(82)
(83)
(78)
(62)
less working-capital build
—
(15)
(20)
(26)
(34)
(44)
Free cash flow to firm
—
(28)
(18)
(1)
29
77
Present value
(26)
(16)
(1)
20
48
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 · SUNRAKSHAKK INDUS IND L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
26
PV of the terminal value (97% of EV)
801
Enterprise value
827
less net debt
(30)
less non-controlling interest
0
add non-operating investments
0
Equity value
797
÷ 3.10 crore shares
₹257
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
267
293
324
361
409
10.5%
241
262
287
318
355
11.0%
218
236
257
282
312
11.5%
198
214
231
252
276
12.0%
181
195
210
227
247
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
