| Intrinsic Valuation of: BEL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | ₹3,160B | |||||
| 2021 | - | - (-) | P/E Ratio | 58 | Total Asset | ₹408B | |||||
| 2022 | ₹37B | - (-) | Net Income | ₹53B | Total Debt | ₹0 | |||||
| 2023 | ₹6B | -83.3% (-85.6%) | EBITDA | ₹76B | Total Liab | ₹208B | |||||
| 2024 | ₹40B | 558.2% (465.2%) | Opr Margin | 0.27 | Debt/Equity | - | |||||
| 2025 | ₹-4B | -110.6% (-109.0%) | PreTax Margin | 26.74 | BV/Share | 26 | |||||
| 5Y Average FCF | ₹20B | 121.4% (90.2%) | |||||||||
| 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 | ₹25B | MBG Intrinsic Value | ₹67 | ||||||||
| 2027 | ₹31B | ||||||||||
| 2028 | ₹38B | ||||||||||
| 2029 | ₹48B | ||||||||||
| 2030 | ₹60B | ||||||||||
| 2031 | ₹75B | ||||||||||
| Terminal Value | ₹1,555B | Net Worth/Share | ₹27 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,218B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹7B | ₹168 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 146 | 157 | 171 | 189 | 210 | |||
| Equity Value | ₹1,226B | 7.4% | 145 | 156 | 170 | 186 | 207 | ||||
| Shares Outstanding | 7,309,779,968 | 7.4% | 143 | 154 | 168 | 184 | 205 | ||||
| 7.9% | 131 | 140 | 151 | 164 | 180 | ||||||
| DCF Intrinsic Value | ₹168 | 8.4% | 120 | 128 | 137 | 148 | 160 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||