Intrinsic Valuation of: BDL
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 15 Market Cap ₹726B
2021 - - (-) P/E Ratio 132 Total Asset ₹117B
2022 ₹4B - (-) Net Income ₹5B Total Debt ₹0
2023 ₹20B 372.9% (422.0%) EBITDA ₹8B Total Liab ₹77B
2024 ₹3B -83.6% (-82.7%) Opr Margin 0.12 Debt/Equity -
2025 ₹-1B -134.9% (-124.7%) PreTax Margin 11.99 BV/Share 102
5Y Average FCF ₹7B 51.4% (71.5%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.5% Historical US Bond Yield: 4.4%
Discount Rate (WACC): 7.4% Current US Bond Yield: 3.5%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (25.0%)
2026 ₹8B MBG Intrinsic Value ₹135
2027 ₹10B
2028 ₹13B
2029 ₹16B
2030 ₹20B
2031 ₹25B
Terminal Value ₹528B Net Worth/Share ₹109
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹414B Growth Rate
(+) Cash & Cash Equivalents ₹1B ₹1,133 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 7.3% 986 1,064 1,158 1,275 1,422
Equity Value ₹415B 7.4% 976 1,053 1,146 1,259 1,402
Shares Outstanding 366,561,984 7.4% 967 1,042 1,133 1,244 1,383
7.9% 884 946 1,020 1,108 1,217
DCF Intrinsic Value ₹1,133 8.4% 813 865 926 998 1,084
Analyzed by QuantJuice (2025)