Intrinsic Valuation of: GLAND
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 51 Market Cap ₹308B
2021 - - (-) P/E Ratio 36 Total Asset ₹112B
2022 ₹3B - (-) Net Income ₹7B Total Debt ₹777M
2023 ₹1B -47.6% (-36.0%) EBITDA ₹15B Total Liab ₹21B
2024 ₹6B 325.0% (170.5%) Opr Margin 15.94 Debt/Equity 0.01
2025 ₹5B -13.0% (-12.1%) PreTax Margin 15.27 BV/Share 534
5Y Average FCF ₹4B 15.0% (40.8%)
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): 7.01% 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 ₹6B MBG Intrinsic Value ₹459
2027 ₹6B
2028 ₹7B
2029 ₹7B
2030 ₹8B
2031 ₹8B
Terminal Value ₹178B Net Worth/Share ₹555
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹151B Growth Rate
(+) Cash & Cash Equivalents ₹26B ₹1,069 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹777M WACC 6.5% 1,014 1,091 1,187 1,310 1,474
Equity Value ₹176B 7.1% 915 973 1,044 1,132 1,244
Shares Outstanding 164,756,423 7.8% 837 883 937 1,003 1,084
8.4% 773 809 852 902 962
DCF Intrinsic Value ₹1,069 9.0% 719 749 783 822 869
Analyzed by QuantJuice (2025)