The note is the current scenario (Base). Download PDF renders this page on the server, fonts and colours exact; Print uses the browser.
Model Note · UNIVASTU INDIA LIMITED · 9 October 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
UNIVASTU INDIA LIMITED Discounted cash flow · base FY26
UNIVASTU INDIA LIMITED
Value per share, this model₹370
CMP, 9 Oct 2026₹130.00
Difference184.2%
Growth the CMP implies1.7%/yr
This note states the assumptions and the arithmetic of one model of UNIVASTU INDIA LIMITED, 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 42.2% · 5-yr CAGR —%
EBITDA margin
16.4%
FY26 16.4% · 5-yr average 17.8%
Depreciation · capex, % of revenue
0.7% · 0%, fading to 1.2× depreciation
FY26 0.7% · 0.0%
Working capital, % of added revenue · tax
0% · 28.5%
-224 working-capital days · effective 28.5%
Discount rate
11.00%
1-yr beta 0.8
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(48) · ₹0 · ₹0 cr
FY26 net debt ₹(48) cr
Shares
3.60 crore
3.60 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
243
316
411
535
695
904
growth %
42.2
30.0
30.0
30.0
30.0
30.0
EBITDA
40
52
67
88
114
148
Depreciation
(2)
(2)
(3)
(4)
(5)
(6)
NOPAT
27
36
46
60
78
101
less capex
0
0
(1)
(2)
(4)
(8)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
38
48
62
79
100
Present value
36
41
47
54
63
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 · UNIVASTU INDIA LIMITED · 9 October 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
242
PV of the terminal value (81% of EV)
1,040
Enterprise value
1,282
less net debt
48
less non-controlling interest
0
add non-operating investments
0
Equity value
1,330
÷ 3.60 crore shares
₹370
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
382
411
445
487
540
10.5%
352
376
404
438
479
11.0%
326
346
370
397
431
11.5%
304
321
341
364
391
12.0%
284
299
316
335
358
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
