Intrinsic Valuation of: GICRE
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 55 Market Cap ₹680B
2021 - - (-) P/E Ratio 7 Total Asset ₹1,948B
2022 ₹90B - (-) Net Income ₹74B Total Debt ₹0
2023 ₹116B 28.3% (36.6%) EBITDA - Total Liab ₹1,333B
2024 ₹-2B -101.9% (-101.9%) Opr Margin - Debt/Equity -
2025 ₹20B 997.2% (923.7%) PreTax Margin - BV/Share 350
5Y Average FCF ₹56B 15.0% (286.1%)
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 ₹42B MBG Intrinsic Value ₹490
2027 ₹47B
2028 ₹52B
2029 ₹55B
2030 ₹58B
2031 ₹60B
Terminal Value ₹1,352B Net Worth/Share ₹351
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹1,146B Growth Rate
(+) Cash & Cash Equivalents ₹253B ₹797 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 757 812 880 968 1,084
Equity Value ₹1,399B 7.1% 688 730 780 843 923
Shares Outstanding 1,754,400,000 7.8% 632 664 703 749 807
8.4% 586 612 642 678 721
DCF Intrinsic Value ₹797 9.0% 549 570 594 622 655
Analyzed by QuantJuice (2025)