| Intrinsic Valuation of: BPCL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 31 | Market Cap | ₹1,441B | |||||
| 2021 | - | - (-) | P/E Ratio | 11 | Total Asset | ₹2,184B | |||||
| 2022 | ₹118B | - (-) | Net Income | ₹133B | Total Debt | ₹265B | |||||
| 2023 | ₹39B | -66.8% (-75.4%) | EBITDA | ₹290B | Total Liab | ₹1,370B | |||||
| 2024 | ₹264B | 573.7% (601.1%) | Opr Margin | 0.04 | Debt/Equity | 0.33 | |||||
| 2025 | ₹85B | -67.7% (-67.1%) | PreTax Margin | 3.31 | BV/Share | 153 | |||||
| 5Y Average FCF | ₹127B | 146.4% (152.9%) | |||||||||
| 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 | ₹107B | MBG Intrinsic Value | ₹279 | ||||||||
| 2027 | ₹133B | ||||||||||
| 2028 | ₹167B | ||||||||||
| 2029 | ₹208B | ||||||||||
| 2030 | ₹260B | ||||||||||
| 2031 | ₹326B | ||||||||||
| Terminal Value | ₹6,769B | Net Worth/Share | ₹188 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹5,303B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹6B | ₹1,162 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹265B | WACC | 7.3% | 1,003 | 1,088 | 1,190 | 1,316 | 1,475 | |||
| Equity Value | ₹5,043B | 7.4% | 993 | 1,076 | 1,176 | 1,299 | 1,454 | ||||
| Shares Outstanding | 4,338,509,824 | 7.4% | 983 | 1,064 | 1,162 | 1,282 | 1,433 | ||||
| 7.9% | 893 | 960 | 1,040 | 1,136 | 1,253 | ||||||
| DCF Intrinsic Value | ₹1,162 | 8.4% | 816 | 873 | 938 | 1,016 | 1,109 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||