| Intrinsic Valuation of: IRB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 11 | Market Cap | ₹300B | |||||
| 2021 | - | - (-) | P/E Ratio | 5 | Total Asset | ₹539B | |||||
| 2022 | ₹-10B | - (-) | Net Income | ₹65B | Total Debt | ₹187B | |||||
| 2023 | ₹13B | 230.0% (216.9%) | EBITDA | ₹97B | Total Liab | ₹341B | |||||
| 2024 | ₹38B | 186.1% (144.3%) | Opr Margin | 0.29 | Debt/Equity | 0.94 | |||||
| 2025 | ₹19B | -50.9% (-48.5%) | PreTax Margin | 3.18 | BV/Share | -6 | |||||
| 5Y Average FCF | ₹15B | 121.7% (104.2%) | |||||||||
| 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 | ₹23B | MBG Intrinsic Value | ₹96 | ||||||||
| 2027 | ₹29B | ||||||||||
| 2028 | ₹37B | ||||||||||
| 2029 | ₹46B | ||||||||||
| 2030 | ₹57B | ||||||||||
| 2031 | ₹71B | ||||||||||
| Terminal Value | ₹1,485B | Net Worth/Share | ₹33 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,163B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹19B | ₹165 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹187B | WACC | 7.3% | 140 | 153 | 169 | 189 | 214 | |||
| Equity Value | ₹995B | 7.4% | 138 | 151 | 167 | 186 | 211 | ||||
| Shares Outstanding | 6,039,000,064 | 7.4% | 137 | 149 | 165 | 184 | 207 | ||||
| 7.9% | 122 | 133 | 145 | 161 | 179 | ||||||
| DCF Intrinsic Value | ₹165 | 8.4% | 110 | 119 | 129 | 142 | 156 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||