| Intrinsic Valuation of: DMART | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 41 | Market Cap | ₹2,897B | |||||
| 2021 | - | - (-) | P/E Ratio | 108 | Total Asset | ₹243B | |||||
| 2022 | ₹-10B | - (-) | Net Income | ₹27B | Total Debt | ₹0 | |||||
| 2023 | ₹4B | 140.3% (129.1%) | EBITDA | ₹46B | Total Liab | ₹29B | |||||
| 2024 | ₹146M | -96.5% (-97.1%) | Opr Margin | 0.06 | Debt/Equity | - | |||||
| 2025 | ₹-10B | -6680.3% (-5730.4%) | PreTax Margin | 5.98 | BV/Share | 328 | |||||
| 5Y Average FCF | ₹-4B | -2212.2% (-1899.5%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹-4B | MBG Intrinsic Value | ₹370 | ||||||||
| 2027 | ₹-4B | ||||||||||
| 2028 | ₹-4B | ||||||||||
| 2029 | ₹-5B | ||||||||||
| 2030 | ₹-5B | ||||||||||
| 2031 | ₹-5B | ||||||||||
| Terminal Value | ₹-103B | Net Worth/Share | ₹329 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-88B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹-130 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | -114 | -122 | -133 | -145 | -161 | |||
| Equity Value | ₹-84B | 7.4% | -113 | -121 | -131 | -144 | -159 | ||||
| Shares Outstanding | 650,732,992 | 7.4% | -112 | -120 | -130 | -142 | -157 | ||||
| 7.9% | -102 | -109 | -117 | -127 | -139 | ||||||
| DCF Intrinsic Value | ₹-130 | 8.4% | -94 | -100 | -107 | -115 | -124 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||