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Model Note · YOGI SUNG-WON (INDIA) LTD. · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
YOGI SUNG-WON (INDIA) LTD. Discounted cash flow · base FY26
YOGI SUNG-WON (INDIA) LTD.
Value per share, this model₹4
CMP 2026-09-10₹6.60
Difference(38.2)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of YOGI SUNG-WON (INDIA) 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
-5% a year
FY26 (77.9)% · 5-yr CAGR —%
EBITDA margin
4.4%
FY26 4.4% · 5-yr average 1.5%
Depreciation · capex, % of revenue
0.2% · 0.3%, fading to 1.2× depreciation
FY26 0.2% · 0.3%
Working capital, % of added revenue · tax
155.9% · 25.17%
569 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 0.44
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹54 · ₹0 · ₹0 cr
FY26 net debt ₹54 cr
Shares
1.68 crore
1.68 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
47
45
43
40
38
37
growth %
(77.9)
(5.0)
(5.0)
(5.0)
(5.0)
(5.0)
EBITDA
2
2
2
2
2
2
Depreciation
(0)
(0)
(0)
(0)
(0)
(0)
NOPAT
1
1
1
1
1
1
less capex
(0)
(0)
(0)
(0)
(0)
(0)
less working-capital build
—
4
3
3
3
3
Free cash flow to firm
—
5
5
5
4
4
Present value
5
4
4
3
3
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 · YOGI SUNG-WON (INDIA) LTD. · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
18
PV of the terminal value (70% of EV)
43
Enterprise value
61
less net debt
(54)
less non-controlling interest
0
add non-operating investments
0
Equity value
7
÷ 1.68 crore shares
₹4
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
5
8
11
15
19
10.5%
3
5
7
10
14
11.0%
0
2
4
7
9
11.5%
(2)
(0)
1
4
6
12.0%
(4)
(2)
(1)
1
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
