| Intrinsic Valuation of: KEI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 76 | Market Cap | ₹364B | |||||
| 2021 | - | - (-) | P/E Ratio | 50 | Total Asset | ₹72B | |||||
| 2022 | ₹2B | - (-) | Net Income | ₹7B | Total Debt | ₹0 | |||||
| 2023 | ₹4B | 146.4% (104.3%) | EBITDA | ₹11B | Total Liab | ₹14B | |||||
| 2024 | ₹2B | -49.5% (-57.4%) | Opr Margin | 0.09 | Debt/Equity | - | |||||
| 2025 | ₹-7B | -447.5% (-389.9%) | PreTax Margin | 8.89 | BV/Share | 605 | |||||
| 5Y Average FCF | ₹162M | -116.9% (-114.3%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹169M | MBG Intrinsic Value | ₹678 | ||||||||
| 2027 | ₹176M | ||||||||||
| 2028 | ₹183M | ||||||||||
| 2029 | ₹190M | ||||||||||
| 2030 | ₹197M | ||||||||||
| 2031 | ₹205M | ||||||||||
| Terminal Value | ₹4B | Net Worth/Share | ₹606 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹4B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹11B | ₹148 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 144 | 146 | 149 | 153 | 157 | |||
| Equity Value | ₹14B | 7.4% | 143 | 146 | 149 | 152 | 157 | ||||
| Shares Outstanding | 95,552,600 | 7.4% | 143 | 145 | 148 | 152 | 156 | ||||
| 7.9% | 141 | 142 | 145 | 147 | 151 | ||||||
| DCF Intrinsic Value | ₹148 | 8.4% | 138 | 140 | 142 | 144 | 147 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||