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Model Note · TEAM24 CONSUMER PRODUCTS LIMIT · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
TEAM24 CONSUMER PRODUCTS LIMIT Discounted cash flow · base FY26
TEAM24 CONSUMER PRODUCTS LIMIT
Value per share, this model₹275
CMP 2026-09-10₹27.50
Difference900.5%
Growth the CMP implies(20.0)%/yr
This note states the assumptions and the arithmetic of one model of TEAM24 CONSUMER PRODUCTS LIMIT, 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
8% a year
FY26 —% · 5-yr CAGR 306.9%
EBITDA margin
-10.4%
FY26 (10.4)% · 5-yr average 794.5%
Depreciation · capex, % of revenue
0% · 0.5%, fading to 1.2× depreciation
FY26 0.0% · 0.5%
Working capital, % of added revenue · tax
76.7% · 2.4%
280 working-capital days · effective 2.4%
Discount rate
11.00%
1-yr beta 0.51
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(1,198) · ₹0 · ₹0 cr
FY26 net debt ₹(1,198) cr
Shares
2.57 crore
2.57 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
154
166
180
194
209
226
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
(16)
(17)
(19)
(20)
(22)
(24)
Depreciation
(0)
0
0
0
0
0
NOPAT
(16)
(17)
(18)
(20)
(21)
(23)
less capex
(1)
(1)
(1)
(0)
(0)
0
less working-capital build
—
(9)
(10)
(11)
(12)
(13)
Free cash flow to firm
—
(27)
(29)
(31)
(33)
(36)
Present value
(26)
(25)
(24)
(23)
(22)
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 · TEAM24 CONSUMER PRODUCTS LIMIT · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
(120)
PV of the terminal value (—% of EV)
(372)
Enterprise value
(492)
less net debt
1,198
less non-controlling interest
0
add non-operating investments
0
Equity value
706
÷ 2.57 crore shares
₹275
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
269
254
237
216
189
10.5%
284
272
258
241
220
11.0%
297
287
275
261
244
11.5%
308
300
290
278
265
12.0%
318
311
302
293
281
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
