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Model Note · TRANSPEK INDUSTRIES LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
TRANSPEK INDUSTRIES LTD Discounted cash flow · base FY26
TRANSPEK INDUSTRIES LTD
Value per share, this model₹720
CMP 2026-09-10₹1,307.10
Difference(44.9)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of TRANSPEK INDUSTRIES 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
-4.5% a year
FY26 (4.4)% · 5-yr CAGR 12.9%
EBITDA margin
15%
FY26 15.0% · 5-yr average 15.5%
Depreciation · capex, % of revenue
7.8% · 6.2%, fading to 1.2× depreciation
FY26 7.8% · 6.2%
Working capital, % of added revenue · tax
21.1% · 25.4%
77 working-capital days · effective 25.4%
Discount rate
11.00%
1-yr beta 1.28
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(15) · ₹0 · ₹0 cr
FY26 net debt ₹(15) cr
Shares
0.56 crore
0.56 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
621
593
567
541
517
493
growth %
(4.4)
(4.5)
(4.5)
(4.5)
(4.5)
(4.5)
EBITDA
93
89
85
81
78
74
Depreciation
(49)
(46)
(44)
(42)
(40)
(38)
NOPAT
33
32
30
29
28
27
less capex
(38)
(37)
(40)
(42)
(44)
(46)
less working-capital build
—
6
6
5
5
5
Free cash flow to firm
—
47
41
35
29
24
Present value
45
35
27
20
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 · TRANSPEK INDUSTRIES LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
141
PV of the terminal value (64% of EV)
246
Enterprise value
387
less net debt
15
less non-controlling interest
0
add non-operating investments
0
Equity value
402
÷ 0.56 crore shares
₹720
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
741
785
838
902
983
10.5%
694
731
774
825
889
11.0%
654
684
720
763
814
11.5%
619
645
675
710
752
12.0%
588
611
636
666
701
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
