| Intrinsic Valuation of: HAVELLS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 24 | Market Cap | ₹974B | |||||
| 2021 | - | - (-) | P/E Ratio | 66 | Total Asset | ₹138B | |||||
| 2022 | ₹15B | - (-) | Net Income | ₹15B | Total Debt | ₹0 | |||||
| 2023 | ₹-228M | -101.6% (-101.3%) | EBITDA | ₹24B | Total Liab | ₹55B | |||||
| 2024 | ₹12B | 5206.4% (4716.3%) | Opr Margin | 0.08 | Debt/Equity | - | |||||
| 2025 | ₹7B | -35.8% (-45.2%) | PreTax Margin | 7.95 | BV/Share | 110 | |||||
| 5Y Average FCF | ₹8B | 1689.7% (1523.3%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹9B | MBG Intrinsic Value | ₹210 | ||||||||
| 2027 | ₹12B | ||||||||||
| 2028 | ₹15B | ||||||||||
| 2029 | ₹18B | ||||||||||
| 2030 | ₹23B | ||||||||||
| 2031 | ₹29B | ||||||||||
| Terminal Value | ₹594B | Net Worth/Share | ₹133 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹466B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹8B | ₹755 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 659 | 710 | 772 | 849 | 945 | |||
| Equity Value | ₹474B | 7.4% | 652 | 703 | 764 | 838 | 932 | ||||
| Shares Outstanding | 626,942,016 | 7.4% | 647 | 696 | 755 | 828 | 920 | ||||
| 7.9% | 592 | 633 | 681 | 739 | 810 | ||||||
| DCF Intrinsic Value | ₹755 | 8.4% | 545 | 579 | 619 | 667 | 723 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||