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Model Note · WENDT (INDIA) LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
WENDT (INDIA) LIMITED Discounted cash flow · base FY26
WENDT (INDIA) LIMITED
Value per share, this model₹749
CMP 2026-09-10₹8,844.00
Difference(91.5)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of WENDT (INDIA) LIMITED, 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
1% a year
FY26 1.1% · 5-yr CAGR 11.6%
EBITDA margin
13.6%
FY26 13.6% · 5-yr average 22.1%
Depreciation · capex, % of revenue
6.2% · 5.5%, fading to 1.2× depreciation
FY26 6.2% · 5.5%
Working capital, % of added revenue · tax
31.6% · 36.2%
115 working-capital days · effective 36.2%
Discount rate
11.00%
1-yr beta 1.11
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(28) · ₹0 · ₹0 cr
FY26 net debt ₹(28) cr
Shares
0.20 crore
0.20 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
236
239
241
243
246
248
growth %
1.1
1.0
1.0
1.0
1.0
1.0
EBITDA
32
32
33
33
33
34
Depreciation
(15)
(15)
(15)
(15)
(15)
(15)
NOPAT
11
11
11
11
12
12
less capex
(13)
(13)
(14)
(16)
(17)
(18)
less working-capital build
—
(1)
(1)
(1)
(1)
(1)
Free cash flow to firm
—
12
11
10
9
8
Present value
12
10
8
6
5
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 · WENDT (INDIA) LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
40
PV of the terminal value (67% of EV)
82
Enterprise value
122
less net debt
28
less non-controlling interest
0
add non-operating investments
0
Equity value
150
÷ 0.20 crore shares
₹749
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
767
808
857
917
991
10.5%
724
758
798
846
905
11.0%
687
716
749
788
835
11.5%
655
679
707
740
778
12.0%
627
647
671
699
731
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
