Intrinsic Valuation of: AWL
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 8 Market Cap ₹258B
2022 - - (-) P/E Ratio 25 Total Asset ₹248B
2023 ₹-160M - (-) Net Income ₹10B Total Debt ₹4B
2024 ₹-6B -3932.2% (-4483.0%) EBITDA ₹25B Total Liab ₹143B
2025 ₹12B 279.5% (244.1%) Opr Margin 2.25 Debt/Equity 0.04
2026 ₹31B 168.2% (128.5%) PreTax Margin 1.30 BV/Share 75
5Y Average FCF ₹9B 3.5% (-1370.1%)
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): 7.07% 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%)
2027 ₹29B MBG Intrinsic Value ₹72
2028 ₹30B
2029 ₹31B
2030 ₹32B
2031 ₹33B
2032 ₹33B
Terminal Value ₹746B Net Worth/Share ₹81
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹643B Growth Rate
(+) Cash & Cash Equivalents ₹17B ₹507 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹4B WACC 6.5% 484 526 578 645 733
Equity Value ₹656B 7.1% 430 462 500 547 607
Shares Outstanding 1,293,777,191 7.8% 387 411 440 475 517
8.4% 352 371 393 420 452
DCF Intrinsic Value ₹507 9.1% 323 338 356 377 402
Analyzed by QuantJuice (2025)