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 · WARDWIZARD INNO & MOB L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
WARDWIZARD INNO & MOB L Discounted cash flow · base FY26
WARDWIZARD INNO & MOB L
Value per share, this model₹3
CMP 2026-09-10₹5.72
Difference(50.6)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of WARDWIZARD INNO & MOB 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
Input
This model
Filed reference
Revenue growth, 5 years
-5% a year
FY26 (19.0)% · 5-yr CAGR —%
EBITDA margin
8.4%
FY26 8.4% · 5-yr average (185.2)%
Depreciation · capex, % of revenue
2.4% · 0.2%, fading to 1.2× depreciation
FY26 2.4% · 0.2%
Working capital, % of added revenue · tax
79.8% · 31.9%
291 working-capital days · effective 31.9%
Discount rate
11.00%
1-yr beta —
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹148 · ₹0 · ₹0 cr
FY26 net debt ₹148 cr
Shares
30.08 crore
30.08 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
247
235
223
212
201
191
growth %
(19.0)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
21
20
19
18
17
16
Depreciation
(6)
(6)
(5)
(5)
(5)
(5)
NOPAT
10
10
9
9
8
8
less capex
(0)
(0)
(2)
(3)
(4)
(6)
less working-capital build
—
10
9
9
8
8
Free cash flow to firm
—
25
22
19
17
15
Present value
23
19
15
12
9
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 · WARDWIZARD INNO & MOB L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
78
PV of the terminal value (66% of EV)
155
Enterprise value
233
less net debt
(148)
less non-controlling interest
0
add non-operating investments
0
Equity value
85
÷ 30.08 crore shares
₹3
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
3
4
4
5
6
10.5%
3
3
3
4
5
11.0%
2
2
3
3
4
11.5%
2
2
2
3
3
12.0%
1
2
2
2
3
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
