| Intrinsic Valuation of: BHARATFORG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 20 | Market Cap | ₹625B | |||||
| 2021 | - | - (-) | P/E Ratio | 65 | Total Asset | ₹201B | |||||
| 2022 | ₹-6B | - (-) | Net Income | ₹9B | Total Debt | ₹13B | |||||
| 2023 | ₹3B | 153.0% (142.7%) | EBITDA | ₹27B | Total Liab | ₹109B | |||||
| 2024 | ₹1B | -52.9% (-63.1%) | Opr Margin | 0.12 | Debt/Equity | 0.14 | |||||
| 2025 | ₹3B | 146.4% (155.5%) | PreTax Margin | 9.28 | BV/Share | 187 | |||||
| 5Y Average FCF | ₹555M | 82.2% (78.4%) | |||||||||
| 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 | ₹4B | MBG Intrinsic Value | ₹176 | ||||||||
| 2027 | ₹5B | ||||||||||
| 2028 | ₹7B | ||||||||||
| 2029 | ₹8B | ||||||||||
| 2030 | ₹11B | ||||||||||
| 2031 | ₹13B | ||||||||||
| Terminal Value | ₹274B | Net Worth/Share | ₹193 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹215B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹6B | ₹435 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹13B | WACC | 7.3% | 376 | 407 | 445 | 491 | 550 | |||
| Equity Value | ₹208B | 7.4% | 373 | 403 | 440 | 485 | 542 | ||||
| Shares Outstanding | 478,088,992 | 7.4% | 369 | 399 | 435 | 479 | 534 | ||||
| 7.9% | 336 | 361 | 390 | 425 | 468 | ||||||
| DCF Intrinsic Value | ₹435 | 8.4% | 308 | 328 | 352 | 381 | 415 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||