Intrinsic Valuation of: BALKRISIND
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 64 Market Cap ₹415B
2021 - - (-) P/E Ratio 33 Total Asset ₹156B
2022 ₹-7B - (-) Net Income ₹17B Total Debt ₹4B
2023 ₹-3B 54.2% (61.1%) EBITDA ₹30B Total Liab ₹52B
2024 ₹10B 412.7% (424.1%) Opr Margin 17.17 Debt/Equity 0.04
2025 ₹3B -71.4% (-74.3%) PreTax Margin 16.12 BV/Share 537
5Y Average FCF ₹657M 15.0% (137.0%)
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): 7.05% 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%)
2026 ₹4B MBG Intrinsic Value ₹574
2027 ₹5B
2028 ₹5B
2029 ₹6B
2030 ₹6B
2031 ₹6B
Terminal Value ₹143B Net Worth/Share ₹537
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹121B Growth Rate
(+) Cash & Cash Equivalents ₹802M ₹610 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹4B WACC 6.5% 578 631 697 781 894
Equity Value ₹118B 7.1% 509 549 597 657 734
Shares Outstanding 193,317,190 7.8% 455 486 523 568 623
8.4% 410 435 464 498 539
DCF Intrinsic Value ₹610 9.1% 373 393 416 443 474
Analyzed by QuantJuice (2025)