| Intrinsic Valuation of: HINDALCO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 76 | Market Cap | ₹1,563B | |||||
| 2021 | - | - (-) | P/E Ratio | 9 | 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 | 0.11 | Debt/Equity | 0.45 | |||||
| 2025 | ₹38B | -54.8% (-59.1%) | PreTax Margin | 9.34 | BV/Share | 412 | |||||
| 5Y Average FCF | ₹82B | -28.0% (-31.9%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹39B | MBG Intrinsic Value | ₹681 | ||||||||
| 2027 | ₹41B | ||||||||||
| 2028 | ₹42B | ||||||||||
| 2029 | ₹44B | ||||||||||
| 2030 | ₹46B | ||||||||||
| 2031 | ₹48B | ||||||||||
| Terminal Value | ₹989B | Net Worth/Share | ₹557 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹845B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹98B | ₹172 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹562B | WACC | 7.3% | 126 | 150 | 180 | 216 | 261 | |||
| Equity Value | ₹381B | 7.4% | 123 | 147 | 176 | 211 | 255 | ||||
| Shares Outstanding | 2,220,740,096 | 7.4% | 120 | 144 | 172 | 206 | 249 | ||||
| 7.9% | 94 | 114 | 136 | 164 | 197 | ||||||
| DCF Intrinsic Value | ₹172 | 8.4% | 72 | 88 | 107 | 129 | 156 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||