| Intrinsic Valuation of: INDIGO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 83 | Market Cap | ₹1,668B | |||||
| 2021 | - | - (-) | P/E Ratio | 52 | Total Asset | ₹1,158B | |||||
| 2022 | ₹17B | - (-) | Net Income | ₹73B | Total Debt | ₹0 | |||||
| 2023 | ₹122B | 597.3% (237.3%) | EBITDA | ₹214B | Total Liab | ₹1,065B | |||||
| 2024 | ₹201B | 65.4% (31.6%) | Opr Margin | 14.29 | Debt/Equity | - | |||||
| 2025 | ₹225B | 12.1% (-2.7%) | PreTax Margin | 7.74 | BV/Share | 241 | |||||
| 5Y Average FCF | ₹141B | 15.0% (88.7%) | |||||||||
| 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%) | ||||||||||
| 2026 | ₹230B | MBG Intrinsic Value | ₹741 | ||||||||
| 2027 | ₹259B | ||||||||||
| 2028 | ₹285B | ||||||||||
| 2029 | ₹306B | ||||||||||
| 2030 | ₹322B | ||||||||||
| 2031 | ₹330B | ||||||||||
| Terminal Value | ₹7,471B | Net Worth/Share | ₹242 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹6,335B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹11B | ₹16,412 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 15,402 | 16,773 | 18,484 | 20,682 | 23,608 | |||
| Equity Value | ₹6,346B | 7.1% | 13,672 | 14,714 | 15,981 | 17,554 | 19,559 | ||||
| Shares Outstanding | 386,646,998 | 7.8% | 12,266 | 13,077 | 14,042 | 15,209 | 16,649 | ||||
| 8.4% | 11,117 | 11,762 | 12,517 | 13,411 | 14,488 | ||||||
| DCF Intrinsic Value | ₹16,412 | 9.0% | 10,175 | 10,699 | 11,304 | 12,010 | 12,843 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||