| Intrinsic Valuation of: HAVELLS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 27 | Market Cap | ₹759B | |||||
| 2022 | - | - (-) | P/E Ratio | 45 | Total Asset | ₹147B | |||||
| 2023 | ₹-228M | - (-) | Net Income | ₹17B | Total Debt | ₹0 | |||||
| 2024 | ₹12B | 5206.4% (4745.5%) | EBITDA | ₹27B | Total Liab | ₹53B | |||||
| 2025 | ₹8B | -35.1% (-45.0%) | Opr Margin | 7.86 | Debt/Equity | - | |||||
| 2026 | ₹875M | -88.4% (-88.8%) | PreTax Margin | 7.69 | BV/Share | 126 | |||||
| 5Y Average FCF | ₹5B | 15.0% (1537.2%) | |||||||||
| 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%) | ||||||||||
| 2027 | ₹3B | MBG Intrinsic Value | ₹241 | ||||||||
| 2028 | ₹3B | ||||||||||
| 2029 | ₹4B | ||||||||||
| 2030 | ₹4B | ||||||||||
| 2031 | ₹4B | ||||||||||
| 2032 | ₹4B | ||||||||||
| Terminal Value | ₹98B | Net Worth/Share | ₹151 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹83B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹8B | ₹145 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 137 | 148 | 162 | 179 | 203 | |||
| Equity Value | ₹91B | 7.1% | 123 | 131 | 141 | 154 | 170 | ||||
| Shares Outstanding | 627,256,842 | 7.8% | 111 | 118 | 126 | 135 | 147 | ||||
| 8.4% | 102 | 107 | 113 | 121 | 129 | ||||||
| DCF Intrinsic Value | ₹145 | 9.0% | 95 | 99 | 104 | 109 | 116 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||