Intrinsic Valuation of: BAJAJHLDNG
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 866 Market Cap ₹1,147B
2022 - - (-) P/E Ratio 12 Total Asset ₹852B
2023 ₹17B - (-) Net Income ₹96B Total Debt ₹0
2024 ₹19B 12.5% (-24.0%) EBITDA - Total Liab ₹28B
2025 ₹-20B -200.9% (-211.1%) Opr Margin - Debt/Equity -
2026 ₹48B 344.2% (265.8%) PreTax Margin - BV/Share 6,573
5Y Average FCF ₹16B 15.0% (10.2%)
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): 7.00% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (15.0%)
2027 ₹48B MBG Intrinsic Value ₹7,740
2028 ₹54B
2029 ₹60B
2030 ₹64B
2031 ₹67B
2032 ₹69B
Terminal Value ₹1,564B Net Worth/Share ₹7,406
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹1,326B Growth Rate
(+) Cash & Cash Equivalents ₹118M ₹11,914 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 11,179 12,176 13,421 15,019 17,146
Equity Value ₹1,326B 7.1% 9,922 10,679 11,601 12,744 14,202
Shares Outstanding 111,293,510 7.8% 8,899 9,489 10,190 11,039 12,086
8.4% 8,064 8,533 9,082 9,732 10,515
DCF Intrinsic Value ₹11,914 9.0% 7,379 7,760 8,200 8,713 9,319
Analyzed by QuantJuice (2025)