| Intrinsic Valuation of: BSE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 32 | Market Cap | ₹1,127B | |||||
| 2021 | - | - (-) | P/E Ratio | 86 | Total Asset | ₹103B | |||||
| 2022 | ₹14B | - (-) | Net Income | ₹13B | Total Debt | ₹0 | |||||
| 2023 | ₹-3B | -119.9% (-118.1%) | EBITDA | ₹16B | Total Liab | ₹58B | |||||
| 2024 | ₹25B | 995.6% (632.8%) | Opr Margin | 0.50 | Debt/Equity | - | |||||
| 2025 | ₹3B | -89.6% (-95.2%) | PreTax Margin | 49.93 | BV/Share | 107 | |||||
| 5Y Average FCF | ₹10B | 262.0% (139.8%) | |||||||||
| 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 | ₹3B | MBG Intrinsic Value | ₹288 | ||||||||
| 2027 | ₹4B | ||||||||||
| 2028 | ₹5B | ||||||||||
| 2029 | ₹6B | ||||||||||
| 2030 | ₹8B | ||||||||||
| 2031 | ₹10B | ||||||||||
| Terminal Value | ₹207B | Net Worth/Share | ₹113 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹162B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹16B | ₹437 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 385 | 413 | 446 | 488 | 539 | |||
| Equity Value | ₹178B | 7.4% | 382 | 409 | 442 | 482 | 533 | ||||
| Shares Outstanding | 406,128,992 | 7.4% | 379 | 405 | 437 | 477 | 526 | ||||
| 7.9% | 349 | 371 | 397 | 429 | 467 | ||||||
| DCF Intrinsic Value | ₹437 | 8.4% | 324 | 343 | 364 | 390 | 420 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||