Intrinsic Valuation of: BDL
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 16 Market Cap ₹486B
2021 - - (-) P/E Ratio 84 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% (-82.8%) Opr Margin 12.11 Debt/Equity -
2025 ₹-1B -134.9% (-124.8%) PreTax Margin 12.06 BV/Share 102
5Y Average FCF ₹7B 15.0% (71.5%)
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%)
2026 ₹11B MBG Intrinsic Value ₹141
2027 ₹12B
2028 ₹13B
2029 ₹14B
2030 ₹15B
2031 ₹15B
Terminal Value ₹346B Net Worth/Share ₹109
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹293B Growth Rate
(+) Cash & Cash Equivalents ₹1B ₹804 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 754 821 905 1,012 1,155
Equity Value ₹295B 7.1% 670 721 782 859 957
Shares Outstanding 366,562,500 7.8% 601 641 688 745 815
8.4% 545 577 613 657 710
DCF Intrinsic Value ₹804 9.0% 499 525 554 589 629
Analyzed by QuantJuice (2025)