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Model Note · WAKEFIT INNOVATIONS LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
WAKEFIT INNOVATIONS LTD Discounted cash flow · base FY26
WAKEFIT INNOVATIONS LTD
Value per share, this model₹91
CMP 2026-09-10₹155.00
Difference(41.5)%
Growth the CMP implies22.5%/yr
This note states the assumptions and the arithmetic of one model of WAKEFIT INNOVATIONS 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
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
12%
FY26 12.0% · 5-yr average 12.0%
Depreciation · capex, % of revenue
7% · 2%, fading to 1.2× depreciation
FY26 7.0% · 2.0%
Working capital, % of added revenue · tax
0.4% · -107.6%
1 working-capital days · effective (107.6)%
Discount rate
11.00%
1-yr beta 0.89
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(88) · ₹0 · ₹0 cr
FY26 net debt ₹(88) cr
Shares
33.13 crore
33.13 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
1,489
1,608
1,737
1,876
2,026
2,188
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
178
193
208
225
243
263
Depreciation
(104)
(113)
(122)
(131)
(142)
(153)
NOPAT
153
167
180
195
210
227
less capex
(30)
(32)
(63)
(98)
(138)
(184)
less working-capital build
—
(0)
(1)
(1)
(1)
(1)
Free cash flow to firm
—
247
239
228
214
196
Present value
234
204
176
148
122
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 · WAKEFIT INNOVATIONS LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
885
PV of the terminal value (70% of EV)
2,034
Enterprise value
2,918
less net debt
88
less non-controlling interest
0
add non-operating investments
0
Equity value
3,006
÷ 33.13 crore shares
₹91
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
94
100
107
116
127
10.5%
87
92
98
105
114
11.0%
81
86
91
97
104
11.5%
77
80
84
89
95
12.0%
72
76
79
83
88
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
