| Intrinsic Valuation of: BSE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 53 | Market Cap | ₹1,625B | |||||
| 2021 | - | - (-) | P/E Ratio | 76 | Total Asset | ₹103B | |||||
| 2022 | ₹14B | - (-) | Net Income | ₹13B | Total Debt | ₹0 | |||||
| 2023 | ₹-3B | -119.9% (-118.1%) | EBITDA | ₹19B | Total Liab | ₹58B | |||||
| 2024 | ₹25B | 995.6% (632.8%) | Opr Margin | 48.11 | Debt/Equity | - | |||||
| 2025 | ₹3B | -89.6% (-95.2%) | PreTax Margin | 48.11 | BV/Share | 107 | |||||
| 5Y Average FCF | ₹10B | 15.0% (139.8%) | |||||||||
| 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): | 7.00% | 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%) | ||||||||||
| 2026 | ₹7B | MBG Intrinsic Value | ₹472 | ||||||||
| 2027 | ₹8B | ||||||||||
| 2028 | ₹9B | ||||||||||
| 2029 | ₹9B | ||||||||||
| 2030 | ₹10B | ||||||||||
| 2031 | ₹10B | ||||||||||
| Terminal Value | ₹224B | Net Worth/Share | ₹113 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹190B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹240M | ₹469 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 440 | 479 | 528 | 591 | 674 | |||
| Equity Value | ₹190B | 7.1% | 390 | 420 | 456 | 501 | 559 | ||||
| Shares Outstanding | 406,129,077 | 7.8% | 350 | 373 | 401 | 434 | 476 | ||||
| 8.4% | 317 | 336 | 357 | 383 | 414 | ||||||
| DCF Intrinsic Value | ₹469 | 9.0% | 291 | 306 | 323 | 343 | 367 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||