| Intrinsic Valuation of: INDIGO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 188 | Market Cap | ₹2,310B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | 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% (28.7%) | Opr Margin | 0.14 | Debt/Equity | - | |||||
| 2025 | ₹225B | 12.1% (-4.4%) | PreTax Margin | 7.32 | BV/Share | 242 | |||||
| 5Y Average FCF | ₹141B | 224.9% (87.2%) | |||||||||
| 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 | ₹282B | MBG Intrinsic Value | ₹1,681 | ||||||||
| 2027 | ₹352B | ||||||||||
| 2028 | ₹440B | ||||||||||
| 2029 | ₹550B | ||||||||||
| 2030 | ₹688B | ||||||||||
| 2031 | ₹860B | ||||||||||
| Terminal Value | ₹17,882B | Net Worth/Share | ₹242 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹14,009B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹11B | ₹36,271 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 31,541 | 34,055 | 37,089 | 40,824 | 45,535 | |||
| Equity Value | ₹14,019B | 7.4% | 31,244 | 33,708 | 36,676 | 40,322 | 44,908 | ||||
| Shares Outstanding | 386,510,016 | 7.4% | 30,952 | 33,367 | 36,271 | 39,832 | 44,298 | ||||
| 7.9% | 28,287 | 30,279 | 32,638 | 35,476 | 38,955 | ||||||
| DCF Intrinsic Value | ₹36,271 | 8.4% | 26,011 | 27,677 | 29,624 | 31,929 | 34,702 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||