| Intrinsic Valuation of: HINDALCO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 72 | Market Cap | ₹2,387B | |||||
| 2021 | - | - (-) | P/E Ratio | 15 | Total Asset | ₹2,660B | |||||
| 2022 | ₹114B | - (-) | Net Income | ₹160B | Total Debt | ₹562B | |||||
| 2023 | ₹95B | -17.0% (-27.5%) | EBITDA | ₹335B | Total Liab | ₹1,423B | |||||
| 2024 | ₹83B | -12.1% (-9.1%) | Opr Margin | 10.75 | Debt/Equity | 0.45 | |||||
| 2025 | ₹38B | -54.8% (-59.1%) | PreTax Margin | 9.34 | BV/Share | 409 | |||||
| 5Y Average FCF | ₹82B | 3.5% (-31.9%) | |||||||||
| 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): | 7.27% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.5%) | ||||||||||
| 2026 | ₹53B | MBG Intrinsic Value | ₹646 | ||||||||
| 2027 | ₹55B | ||||||||||
| 2028 | ₹56B | ||||||||||
| 2029 | ₹58B | ||||||||||
| 2030 | ₹59B | ||||||||||
| 2031 | ₹61B | ||||||||||
| Terminal Value | ₹1,302B | Net Worth/Share | ₹553 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,122B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹98B | ₹294 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹562B | WACC | 6.5% | 292 | 336 | 391 | 461 | 555 | |||
| Equity Value | ₹658B | 7.2% | 232 | 264 | 303 | 352 | 413 | ||||
| Shares Outstanding | 2,236,153,208 | 7.9% | 183 | 208 | 237 | 272 | 315 | ||||
| 8.6% | 145 | 164 | 187 | 213 | 245 | ||||||
| DCF Intrinsic Value | ₹294 | 9.3% | 113 | 129 | 146 | 167 | 191 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||