| Intrinsic Valuation of: BHARATFORG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 23 | Market Cap | ₹915B | |||||
| 2022 | - | - (-) | P/E Ratio | 85 | Total Asset | ₹223B | |||||
| 2023 | ₹3B | - (-) | Net Income | ₹11B | Total Debt | ₹18B | |||||
| 2024 | ₹1B | -52.9% (-61.6%) | EBITDA | ₹30B | Total Liab | ₹127B | |||||
| 2025 | ₹3B | 146.4% (145.1%) | Opr Margin | 11.63 | Debt/Equity | 0.19 | |||||
| 2026 | ₹3B | 0.1% (-10.0%) | PreTax Margin | 9.71 | BV/Share | 190 | |||||
| 5Y Average FCF | ₹3B | 15.0% (24.5%) | |||||||||
| 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): | 7.02% | 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%) | ||||||||||
| 2027 | ₹4B | MBG Intrinsic Value | ₹202 | ||||||||
| 2028 | ₹4B | ||||||||||
| 2029 | ₹5B | ||||||||||
| 2030 | ₹5B | ||||||||||
| 2031 | ₹5B | ||||||||||
| 2032 | ₹5B | ||||||||||
| Terminal Value | ₹122B | Net Worth/Share | ₹200 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹103B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹8B | ₹195 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹18B | WACC | 6.5% | 183 | 201 | 224 | 253 | 291 | |||
| Equity Value | ₹93B | 7.1% | 160 | 173 | 190 | 211 | 237 | ||||
| Shares Outstanding | 478,088,632 | 7.8% | 141 | 152 | 165 | 180 | 199 | ||||
| 8.4% | 126 | 135 | 145 | 156 | 170 | ||||||
| DCF Intrinsic Value | ₹195 | 9.0% | 114 | 120 | 128 | 138 | 149 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||