This note states the assumptions and the arithmetic of one model of WEALTH FRST PORT. MG. 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
28.5% a year
FY26 28.7% · 5-yr CAGR —%
EBITDA margin
72.2%
FY26 72.2% · 5-yr average 72.5%
Depreciation · capex, % of revenue
0.6% · 2.9%, fading to 1.2× depreciation
FY26 0.6% · 2.9%
Working capital, % of added revenue · tax
51.8% · 25.9%
189 working-capital days · effective 25.9%
Discount rate
11.00%
1-yr beta 0.83
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(1) · ₹0 · ₹0 cr
FY26 net debt ₹(1) cr
Shares
1.07 crore
1.07 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
68
88
113
145
186
240
growth %
28.7
28.5
28.5
28.5
28.5
28.5
EBITDA
49
63
82
105
135
173
Depreciation
(0)
(1)
(1)
(1)
(1)
(1)
NOPAT
36
47
60
77
99
127
less capex
(2)
(3)
(3)
(3)
(2)
(2)
less working-capital build
—
(10)
(13)
(17)
(21)
(28)
Free cash flow to firm
—
35
45
59
76
99
Present value
33
38
45
53
62
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 · WEALTH FRST PORT. MG. LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
231
PV of the terminal value (82% of EV)
1,031
Enterprise value
1,263
less net debt
1
less non-controlling interest
0
add non-operating investments
0
Equity value
1,264
÷ 1.07 crore shares
₹1,186
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
1,227
1,323
1,439
1,580
1,757
10.5%
1,126
1,206
1,301
1,414
1,553
11.0%
1,040
1,107
1,186
1,279
1,391
11.5%
965
1,023
1,089
1,166
1,258
12.0%
900
949
1,006
1,071
1,147
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
