| Intrinsic Valuation of: DLF | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 18 | Market Cap | ₹1,829B | |||||
| 2021 | - | - (-) | P/E Ratio | 41 | Total Asset | ₹695B | |||||
| 2022 | ₹27B | - (-) | Net Income | ₹44B | Total Debt | ₹17B | |||||
| 2023 | ₹23B | -13.9% (-13.4%) | EBITDA | ₹28B | Total Liab | ₹269B | |||||
| 2024 | ₹24B | 4.8% (-4.7%) | Opr Margin | 0.27 | Debt/Equity | 0.04 | |||||
| 2025 | ₹51B | 112.1% (66.8%) | PreTax Margin | 21.90 | BV/Share | 168 | |||||
| 5Y Average FCF | ₹31B | 34.4% (16.2%) | |||||||||
| 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 | ₹64B | MBG Intrinsic Value | ₹162 | ||||||||
| 2027 | ₹80B | ||||||||||
| 2028 | ₹100B | ||||||||||
| 2029 | ₹125B | ||||||||||
| 2030 | ₹157B | ||||||||||
| 2031 | ₹196B | ||||||||||
| Terminal Value | ₹4,076B | Net Worth/Share | ₹172 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹3,193B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹1,284 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹17B | WACC | 7.3% | 1,116 | 1,206 | 1,314 | 1,447 | 1,614 | |||
| Equity Value | ₹3,179B | 7.4% | 1,106 | 1,193 | 1,299 | 1,429 | 1,592 | ||||
| Shares Outstanding | 2,475,310,080 | 7.4% | 1,095 | 1,181 | 1,284 | 1,411 | 1,570 | ||||
| 7.9% | 1,000 | 1,071 | 1,155 | 1,256 | 1,380 | ||||||
| DCF Intrinsic Value | ₹1,284 | 8.4% | 919 | 979 | 1,048 | 1,130 | 1,229 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||