Intrinsic Valuation of: HINDPETRO
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 85 Market Cap ₹780B
2021 - - (-) P/E Ratio 4 Total Asset ₹1,947B
2022 ₹35B - (-) Net Income ₹67B Total Debt ₹347B
2023 ₹-129B -472.6% (-399.6%) EBITDA ₹183B Total Liab ₹1,436B
2024 ₹138B 206.7% (207.1%) Opr Margin 2.27 Debt/Equity 0.68
2025 ₹46B -66.3% (-66.3%) PreTax Margin 1.53 BV/Share 234
5Y Average FCF ₹22B 3.5% (-86.3%)
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): 8.98% 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 ₹56B MBG Intrinsic Value ₹760
2027 ₹58B
2028 ₹60B
2029 ₹62B
2030 ₹63B
2031 ₹65B
Terminal Value ₹1,023B Net Worth/Share ₹240
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹881B Growth Rate
(+) Cash & Cash Equivalents ₹2B ₹252 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹347B WACC 7.0% 349 388 437 497 575
Equity Value ₹536B 8.0% 270 296 328 366 412
Shares Outstanding 2,127,822,517 9.0% 212 230 252 278 308
10.0% 167 181 197 215 236
DCF Intrinsic Value ₹252 11.0% 132 143 155 168 183
Analyzed by QuantJuice (2025)