| Intrinsic Valuation of: IPCALAB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 29 | Market Cap | ₹352B | |||||
| 2021 | - | - (-) | P/E Ratio | 47 | Total Asset | ₹118B | |||||
| 2022 | ₹4B | - (-) | Net Income | ₹7B | Total Debt | ₹5B | |||||
| 2023 | ₹3B | -17.4% (-23.3%) | EBITDA | ₹16B | Total Liab | ₹34B | |||||
| 2024 | ₹5B | 71.3% (38.0%) | Opr Margin | 0.15 | Debt/Equity | 0.06 | |||||
| 2025 | ₹5B | 2.3% (-11.8%) | PreTax Margin | 13.91 | BV/Share | 266 | |||||
| 5Y Average FCF | ₹4B | 18.7% (1.0%) | |||||||||
| 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 (18.7%) | ||||||||||
| 2026 | ₹6B | MBG Intrinsic Value | ₹260 | ||||||||
| 2027 | ₹8B | ||||||||||
| 2028 | ₹9B | ||||||||||
| 2029 | ₹11B | ||||||||||
| 2030 | ₹13B | ||||||||||
| 2031 | ₹15B | ||||||||||
| Terminal Value | ₹318B | Net Worth/Share | ₹331 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹254B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹2B | ₹986 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹5B | WACC | 7.3% | 858 | 926 | 1,008 | 1,109 | 1,237 | |||
| Equity Value | ₹250B | 7.4% | 850 | 917 | 997 | 1,096 | 1,220 | ||||
| Shares Outstanding | 253,704,000 | 7.4% | 842 | 907 | 986 | 1,082 | 1,203 | ||||
| 7.9% | 770 | 824 | 887 | 964 | 1,058 | ||||||
| DCF Intrinsic Value | ₹986 | 8.4% | 708 | 753 | 806 | 868 | 943 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||