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Model Note · TALBROS AUTO. COMP. LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
TALBROS AUTO. COMP. LTD Discounted cash flow · base FY26
TALBROS AUTO. COMP. LTD
Value per share, this model₹167
CMP 2026-09-10₹424.00
Difference(60.6)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of TALBROS AUTO. COMP. 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 5.2% · 5-yr CAGR 14.4%
EBITDA margin
15.7%
FY26 15.7% · 5-yr average 15.6%
Depreciation · capex, % of revenue
3.8% · 4.8%, fading to 1.2× depreciation
FY26 3.8% · 4.8%
Working capital, % of added revenue · tax
26.3% · 24.5%
96 working-capital days · effective 24.5%
Discount rate
11.00%
1-yr beta 0.7
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹39 · ₹0 · ₹0 cr
FY26 net debt ₹39 cr
Shares
6.17 crore
6.17 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
870
914
959
1,007
1,058
1,110
growth %
5.2
5.0
5.0
5.0
5.0
5.0
EBITDA
137
143
151
158
166
174
Depreciation
(33)
(35)
(36)
(38)
(40)
(42)
NOPAT
78
82
86
90
95
100
less capex
(41)
(44)
(45)
(47)
(49)
(51)
less working-capital build
—
(11)
(12)
(13)
(13)
(14)
Free cash flow to firm
—
62
65
69
73
77
Present value
58
56
53
51
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 · TALBROS AUTO. COMP. LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
266
PV of the terminal value (75% of EV)
804
Enterprise value
1,070
less net debt
(39)
less non-controlling interest
0
add non-operating investments
0
Equity value
1,031
÷ 6.17 crore shares
₹167
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
173
186
201
220
244
10.5%
159
170
183
198
217
11.0%
147
156
167
180
195
11.5%
137
145
154
164
177
12.0%
128
135
143
151
162
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
