| Intrinsic Valuation of: IRB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | ₹245B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | Total Asset | ₹539B | |||||
| 2022 | ₹-10B | - (-) | Net Income | ₹65B | Total Debt | ₹187B | |||||
| 2023 | ₹13B | 230.0% (216.9%) | EBITDA | ₹96B | Total Liab | ₹341B | |||||
| 2024 | ₹38B | 186.1% (145.8%) | Opr Margin | 30.83 | Debt/Equity | 0.94 | |||||
| 2025 | ₹18B | -53.5% (-51.5%) | PreTax Margin | 6.76 | BV/Share | -3 | |||||
| 5Y Average FCF | ₹15B | 15.0% (103.7%) | |||||||||
| 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): | 7.90% | 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 | ₹22B | MBG Intrinsic Value | ₹6 | ||||||||
| 2027 | ₹25B | ||||||||||
| 2028 | ₹28B | ||||||||||
| 2029 | ₹30B | ||||||||||
| 2030 | ₹31B | ||||||||||
| 2031 | ₹32B | ||||||||||
| Terminal Value | ₹602B | Net Worth/Share | ₹16 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹508B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹18B | ₹28 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹187B | WACC | 6.5% | 34 | 38 | 43 | 50 | 59 | |||
| Equity Value | ₹340B | 7.3% | 27 | 29 | 33 | 37 | 43 | ||||
| Shares Outstanding | 12,078,000,000 | 8.2% | 21 | 23 | 26 | 29 | 32 | ||||
| 9.1% | 17 | 19 | 21 | 23 | 25 | ||||||
| DCF Intrinsic Value | ₹28 | 9.9% | 14 | 15 | 17 | 18 | 20 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||