VIMTA LABS LIMITED — valuation model

VIMTA LABS LIMITEDVIMTALABSHealthcare Services

₹87per share · Base Model Note

Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.

Scenario

Value per share, your model₹87implied FY24 P/E 3.1× · EV/EBITDA 4.5×

Against CMP ₹631.00−86.2%close of 2026-09-10

Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs

Value after FY2987%share of enterprise value in the terminal

This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.

Where the methods land · ₹ per share · the dashed line is the CMP

DCF, rate ±1 · growth ±1your model across the sensitivity grid

₹64₹132

52-week rangetraded range, a fact not a value

₹376₹851

From enterprise to equity · ₹ crore

PV of FY25–FY29 free cash flow	52
PV of terminal value	342
Enterprise value	394
less net debt	(6)
less non-controlling interest	0
add non-operating investments	0
Equity value	388
÷ 4.47 crore shares	₹87

87% of the value sits after FY29. Usual when return on capital sits near the cost of capital; the 5 explicit years carry little of it.

Free cash flow, filed and modelled · ₹ '000 crore

Filed, cash from operations − capexModelled free cash flow to firm

Sensitivity · ₹ per share

Down Across

WACC ↓terminal growth →	4.0%	4.5%	5.0%	5.5%	6.0%
10.00%	90	98	107	118	132
10.50%	82	89	96	105	116
11.00%	75	81	87	94	103
11.50%	70	74	79	85	93
12.00%	64	68	73	78	84

The outlined cell is your model. Green figures sit above the CMP of ₹631.00; n/a marks a terminal growth at or above the discount rate. Steps: WACC and terminal growth ±0.5 point, growth ±2, margin ±1.

Distribution of outcomes · 4,000 draws · growth, margin and the discount rate vary together

10th · 50th · 90th percentile, ₹ per share	64 · 87 · 113
Draws below the CMP	100%
Rank correlation with ebitda margin	+0.85
Rank correlation with discount rate	−0.49
Rank correlation with revenue growth	−0.02

Each driver is drawn from a PERT distribution between the lowest and highest value across your scenarios (or ±50% growth, ±20% margin when there is one scenario), with the discount rate ±1.5 points. Seeded, so the same inputs give the same picture.

Projected cash flow to the firm · ₹ crore

History Forward

₹ crore	FY21	FY22	FY23	FY24	FY25	FY26	FY27	FY28	FY29
Revenue	211	278	318	318	318	318	318	318	318
growth %	16.6	32.1	14.3	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA	53	79	95	87	87	87	87	87	87
margin %	25.1	28.4	29.8	27.3	27.3	27.3	27.3	27.3	27.3
less depreciation	(23)	(23)	(31)	(34)	(34)	(34)	(34)	(34)	(34)
EBIT	30	56	64	53	53	53	53	53	53
less tax on EBIT				(13)	(13)	(13)	(13)	(13)	(13)
NOPAT				40	40	40	40	40	40
add depreciation	23	23	31	34	34	34	34	34	34
less capex	(33)	(30)	(48)	(76)	(76)	(68)	(59)	(50)	(41)
less working-capital build				—	0	0	0	0	0
Free cash flow to firm	4	29	40	—	(3)	6	15	24	33
Discount factor					0.949	0.855	0.770	0.694	0.625
Present value					(2)	5	12	17	21

History columns are the filed years (free cash flow there is cash from operations − capex, as filed); the base year and everything to its right come from the engine. Forward is the explicit horizon of the model itself: 3, 5 or 10 years, then flat.

The three statements, projected · ₹ crore · debt held at 19, dividends at 0% of profit

₹ crore	FY24	FY25	FY26	FY27	FY28	FY29
Income statement
EBIT	53	53	53	53	53	53
Interest at 12.4% on debt		(2)	(2)	(2)	(2)	(2)
Profit before tax		50	50	50	50	50
Profit after tax	0	38	38	38	38	38
Dividends	(4)	0	0	0	0	0
Balance sheet, year end
Cash	13	9	14	27	49	81
Working capital	103	103	103	103	103	103
Net block and other assets	283	326	359	384	399	406
Debt	19	19	19	19	19	19
Equity	320	358	396	434	472	510
Balance check	0	0	0	(0)	(0)	0
Cash flow
From operations		72	72	72	72	72
Investing (capex)		(76)	(68)	(59)	(50)	(41)
Financing (dividends)		0	0	0	0	0
Net change in cash		(4)	5	13	22	31
Free cash flow to equity		(4)	5	13	22	31

Other liabilities are held at their FY24 level, so the check tests only what the model moves: cash, working capital, net block and other assets, debt and equity. A non-zero check would mean the three statements no longer tie.

Scenarios side by side · ₹ per share

Scenario	Template	Growth	Margin	Rate	Terminal	₹ / share	vs CMP
Base · editing	DCF	0%	27.3%	11.00%	5%	₹87	(86.2)%

A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.