Intrinsic Valuation of: ASHOKLEY
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 6 Market Cap ₹899B
2021 - - (-) P/E Ratio 27 Total Asset ₹817B
2022 ₹28B - (-) Net Income ₹31B Total Debt ₹364B
2023 ₹-54B -290.8% (-220.1%) EBITDA ₹96B Total Liab ₹659B
2024 ₹-74B -36.2% (-24.1%) Opr Margin 18.15 Debt/Equity 2.30
2025 ₹-15B 79.4% (80.6%) PreTax Margin 10.02 BV/Share 16
5Y Average FCF ₹-29B 3.5% (-54.5%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.48% Historical US Bond Yield: 4.40%
Discount Rate (WACC): 7.01% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (3.5%)
2026 ₹29B MBG Intrinsic Value ₹50
2027 ₹30B
2028 ₹31B
2029 ₹32B
2030 ₹33B
2031 ₹34B
Terminal Value ₹768B Net Worth/Share ₹27
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹662B Growth Rate
(+) Cash & Cash Equivalents ₹65B ₹62 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹364B WACC 6.5% 55 65 76 91 111
Equity Value ₹364B 7.1% 43 50 59 70 83
Shares Outstanding 5,873,854,552 7.8% 34 39 46 54 64
8.4% 26 31 36 42 49
DCF Intrinsic Value ₹62 9.0% 20 23 27 32 38
Analyzed by QuantJuice (2025)