Intrinsic Valuation of: KPITTECH
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 23 Market Cap ₹192B
2022 - - (-) P/E Ratio 30 Total Asset ₹73B
2023 ₹3B - (-) Net Income ₹6B Total Debt ₹1B
2024 ₹8B 154.2% (75.6%) EBITDA ₹12B Total Liab ₹37B
2025 ₹13B 48.9% (24.1%) Opr Margin 14.83 Debt/Equity 0.04
2026 ₹11B -16.5% (-24.4%) PreTax Margin 13.69 BV/Share 6
5Y Average FCF ₹9B 15.0% (25.1%)
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): 7.01% 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%)
2027 ₹11B MBG Intrinsic Value ₹208
2028 ₹13B
2029 ₹14B
2030 ₹15B
2031 ₹16B
2032 ₹16B
Terminal Value ₹371B Net Worth/Share ₹130
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹315B Growth Rate
(+) Cash & Cash Equivalents ₹13B ₹1,200 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹1B WACC 6.5% 1,132 1,229 1,350 1,506 1,713
Equity Value ₹327B 7.1% 1,008 1,081 1,170 1,281 1,422
Shares Outstanding 272,227,219 7.8% 908 966 1,034 1,116 1,217
8.4% 828 874 928 991 1,067
DCF Intrinsic Value ₹1,200 9.0% 761 798 840 890 949
Analyzed by QuantJuice (2025)