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Model Note · UNIMECH AEROSPACE N MFG L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
UNIMECH AEROSPACE N MFG L
Discounted cash flow · base FY26

UNIMECH AEROSPACE N MFG L

Value per share, this model76
CMP 2026-09-101,610.00
Difference(95.3)%
Growth the CMP implies45.0%/yr

This note states the assumptions and the arithmetic of one model of UNIMECH AEROSPACE N MFG 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

InputThis modelFiled reference
Revenue growth, 5 years-1% a yearFY26 (1.0)% · 5-yr CAGR %
EBITDA margin31.2%FY26 31.2% · 5-yr average 34.6%
Depreciation · capex, % of revenue10.9% · 14.5%, fading to 1.2× depreciationFY26 10.9% · 14.5%
Working capital, % of added revenue · tax29.5% · 20.8%108 working-capital days · effective 20.8%
Discount rate11.00%1-yr beta 1.18
After FY315% flat · mid-year discounting
Net debt · non-controlling interest · non-operating investments75 · ₹0 · ₹0 crFY26 net debt ₹75 cr
Shares5.09 crore5.09 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.

Projected cash flow to the firm

₹ croreFY26FY27FY28FY29FY30FY31
Revenue240238236233231229
growth %(1.0)(1.0)(1.0)(1.0)(1.0)(1.0)
EBITDA757474737271
Depreciation(26)(26)(26)(25)(25)(25)
NOPAT393838383737
less capex(35)(35)(33)(32)(31)(30)
less working-capital build11111
Free cash flow to firm3031313232
Present value2926242220
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 · UNIMECH AEROSPACE N MFG L · 11 September 2026Page 2 of 2

From enterprise to equity

PV of the 5 explicit years122
PV of the terminal value (73% of EV)337
Enterprise value459
less net debt(75)
less non-controlling interest0
add non-operating investments0
Equity value384
÷ 5.09 crore shares76
Source: the model.

Sensitivity, ₹ per share

WACC ↓ · terminal growth →4.0%4.5%5.0%5.5%6.0%
10.0%788593103115
10.5%72778391101
11.0%6670768290
11.5%6064697480
12.0%5659636873
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