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 · WINSOME TEXTILE INDUSTRIES LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
WINSOME TEXTILE INDUSTRIES LTD Discounted cash flow · base FY26
WINSOME TEXTILE INDUSTRIES LTD
Value per share, this model₹218
CMP 2026-09-10₹81.06
Difference168.4%
Growth the CMP implies(20.0)%/yr
This note states the assumptions and the arithmetic of one model of WINSOME TEXTILE INDUSTRIES 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
3.5% a year
FY26 3.5% · 5-yr CAGR 7.5%
EBITDA margin
11.7%
FY26 11.7% · 5-yr average 11.7%
Depreciation · capex, % of revenue
2.5% · 6.2%, fading to 1.2× depreciation
FY26 2.5% · 6.2%
Working capital, % of added revenue · tax
30.9% · 26.5%
113 working-capital days · effective 26.5%
Discount rate
11.00%
1-yr beta 1.03
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹280 · ₹0 · ₹0 cr
FY26 net debt ₹280 cr
Shares
1.98 crore
1.98 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
896
927
960
993
1,028
1,064
growth %
3.5
3.5
3.5
3.5
3.5
3.5
EBITDA
105
108
112
116
120
124
Depreciation
(23)
(23)
(24)
(25)
(26)
(27)
NOPAT
60
63
65
67
70
72
less capex
(55)
(57)
(52)
(46)
(39)
(32)
less working-capital build
—
(10)
(10)
(10)
(11)
(11)
Free cash flow to firm
—
19
27
36
45
56
Present value
18
23
28
32
35
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 · WINSOME TEXTILE INDUSTRIES LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
135
PV of the terminal value (81% of EV)
576
Enterprise value
711
less net debt
(280)
less non-controlling interest
0
add non-operating investments
0
Equity value
431
÷ 1.98 crore shares
₹218
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
230
259
294
336
389
10.5%
200
224
252
286
328
11.0%
174
194
218
245
279
11.5%
151
168
188
212
239
12.0%
132
146
163
183
206
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
