| Intrinsic Valuation of: CIPLA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 66 | Market Cap | ₹1,224B | |||||
| 2021 | - | - (-) | P/E Ratio | 23 | Total Asset | ₹374B | |||||
| 2022 | ₹26B | - (-) | Net Income | ₹53B | Total Debt | ₹120M | |||||
| 2023 | ₹21B | -21.7% (-24.7%) | EBITDA | ₹80B | Total Liab | ₹61B | |||||
| 2024 | ₹28B | 35.5% (19.7%) | Opr Margin | 0.22 | Debt/Equity | 0.00 | |||||
| 2025 | ₹35B | 24.1% (16.4%) | PreTax Margin | 21.95 | BV/Share | 324 | |||||
| 5Y Average FCF | ₹27B | 12.6% (3.8%) | |||||||||
| 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 (12.6%) | ||||||||||
| 2026 | ₹39B | MBG Intrinsic Value | ₹587 | ||||||||
| 2027 | ₹44B | ||||||||||
| 2028 | ₹49B | ||||||||||
| 2029 | ₹56B | ||||||||||
| 2030 | ₹63B | ||||||||||
| 2031 | ₹71B | ||||||||||
| Terminal Value | ₹1,469B | Net Worth/Share | ₹387 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,201B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹6B | ₹1,494 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹120M | WACC | 7.3% | 1,308 | 1,407 | 1,526 | 1,673 | 1,858 | |||
| Equity Value | ₹1,207B | 7.4% | 1,296 | 1,393 | 1,510 | 1,653 | 1,833 | ||||
| Shares Outstanding | 807,750,976 | 7.4% | 1,285 | 1,380 | 1,494 | 1,634 | 1,809 | ||||
| 7.9% | 1,179 | 1,258 | 1,350 | 1,462 | 1,599 | ||||||
| DCF Intrinsic Value | ₹1,494 | 8.4% | 1,089 | 1,155 | 1,231 | 1,322 | 1,431 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||