| Intrinsic Valuation of: HAL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 125 | Market Cap | ₹3,285B | |||||
| 2021 | - | - (-) | P/E Ratio | 39 | Total Asset | ₹1,063B | |||||
| 2022 | ₹87B | - (-) | Net Income | ₹84B | Total Debt | ₹0 | |||||
| 2023 | ₹70B | -18.7% (-24.9%) | EBITDA | ₹122B | Total Liab | ₹713B | |||||
| 2024 | ₹65B | -8.2% (-20.4%) | Opr Margin | 0.27 | Debt/Equity | - | |||||
| 2025 | ₹119B | 83.8% (80.2%) | PreTax Margin | 26.74 | BV/Share | 483 | |||||
| 5Y Average FCF | ₹85B | 18.9% (11.6%) | |||||||||
| 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 (18.9%) | ||||||||||
| 2026 | ₹141B | MBG Intrinsic Value | ₹1,120 | ||||||||
| 2027 | ₹168B | ||||||||||
| 2028 | ₹200B | ||||||||||
| 2029 | ₹238B | ||||||||||
| 2030 | ₹283B | ||||||||||
| 2031 | ₹337B | ||||||||||
| Terminal Value | ₹6,996B | Net Worth/Share | ₹523 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹5,585B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹45B | ₹8,419 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 7,350 | 7,918 | 8,604 | 9,449 | 10,514 | |||
| Equity Value | ₹5,631B | 7.4% | 7,283 | 7,840 | 8,511 | 9,335 | 10,372 | ||||
| Shares Outstanding | 668,774,976 | 7.4% | 7,216 | 7,762 | 8,419 | 9,224 | 10,234 | ||||
| 7.9% | 6,612 | 7,062 | 7,596 | 8,237 | 9,024 | ||||||
| DCF Intrinsic Value | ₹8,419 | 8.4% | 6,095 | 6,472 | 6,912 | 7,434 | 8,061 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||