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Model Note · VENTIVE HOSPITALITY LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
VENTIVE HOSPITALITY LTD Discounted cash flow · base FY26
VENTIVE HOSPITALITY LTD
Value per share, this model₹868
CMP 2026-09-10₹575.10
Difference51.0%
Growth the CMP implies19.8%/yr
This note states the assumptions and the arithmetic of one model of VENTIVE HOSPITALITY 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
30% a year
FY26 53.4% · 5-yr CAGR —%
EBITDA margin
44.1%
FY26 44.1% · 5-yr average 45.6%
Depreciation · capex, % of revenue
13.3% · 8.6%, fading to 1.2× depreciation
FY26 13.3% · 8.6%
Working capital, % of added revenue · tax
0% · 31.6%
-2 working-capital days · effective 31.6%
Discount rate
11.00%
1-yr beta 0.98
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹1,779 · ₹0 · ₹0 cr
FY26 net debt ₹1,779 cr
Shares
23.35 crore
23.35 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
2,461
3,199
4,159
5,407
7,029
9,138
growth %
53.4
30.0
30.0
30.0
30.0
30.0
EBITDA
1,086
1,411
1,834
2,384
3,100
4,030
Depreciation
(327)
(426)
(553)
(719)
(935)
(1,215)
NOPAT
519
674
876
1,139
1,481
1,925
less capex
(211)
(275)
(434)
(664)
(992)
(1,458)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
824
995
1,194
1,423
1,682
Present value
782
851
920
988
1,052
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 · VENTIVE HOSPITALITY LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
4,593
PV of the terminal value (79% of EV)
17,468
Enterprise value
22,061
less net debt
(1,779)
less non-controlling interest
0
add non-operating investments
0
Equity value
20,282
÷ 23.35 crore shares
₹868
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
900
975
1,064
1,174
1,310
10.5%
822
884
957
1,045
1,153
11.0%
755
808
868
940
1,027
11.5%
698
742
793
853
924
12.0%
647
685
729
779
838
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
