Intrinsic Valuation of: BANKINDIA
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 23 Market Cap ₹648B
2021 - - (-) P/E Ratio 6 Total Asset ₹10,564B
2022 ₹-359B - (-) Net Income ₹95B Total Debt ₹0
2023 ₹-77B 78.6% (82.5%) EBITDA - Total Liab ₹9,755B
2024 ₹-53B 31.0% (38.3%) Opr Margin - Debt/Equity -
2025 ₹178B 436.9% (392.7%) PreTax Margin - BV/Share 177
5Y Average FCF ₹-78B 15.0% (171.2%)
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): 8.01% 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 ₹205B MBG Intrinsic Value ₹203
2027 ₹230B
2028 ₹253B
2029 ₹272B
2030 ₹286B
2031 ₹293B
Terminal Value ₹5,430B Net Worth/Share ₹178
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹4,587B Growth Rate
(+) Cash & Cash Equivalents ₹1,008B ₹1,229 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 1,383 1,486 1,616 1,782 2,003
Equity Value ₹5,595B 7.4% 1,206 1,276 1,362 1,466 1,598
Shares Outstanding 4,552,667,866 8.3% 1,074 1,125 1,185 1,256 1,342
9.1% 975 1,013 1,056 1,107 1,167
DCF Intrinsic Value ₹1,229 10.0% 894 923 957 994 1,038
Analyzed by QuantJuice (2025)