Intrinsic Valuation of: LICI
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 84 Market Cap ₹5,055B
2021 - - (-) P/E Ratio 10 Total Asset ₹56,606B
2022 ₹-45B - (-) Net Income ₹483B Total Debt ₹0
2023 ₹536B 1292.0% (1203.3%) EBITDA - Total Liab ₹55,331B
2024 ₹258B -51.9% (-55.5%) Opr Margin - Debt/Equity -
2025 ₹-99B -138.5% (-136.7%) PreTax Margin - BV/Share 201
5Y Average FCF ₹162B 15.0% (337.0%)
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): 7.00% 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 ₹457B MBG Intrinsic Value ₹749
2027 ₹514B
2028 ₹565B
2029 ₹607B
2030 ₹638B
2031 ₹653B
Terminal Value ₹14,814B Net Worth/Share ₹202
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹12,561B Growth Rate
(+) Cash & Cash Equivalents ₹545B ₹2,072 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 1,950 2,116 2,323 2,590 2,944
Equity Value ₹13,106B 7.1% 1,740 1,866 2,020 2,210 2,453
Shares Outstanding 6,324,997,701 7.8% 1,569 1,668 1,785 1,926 2,101
8.4% 1,430 1,508 1,600 1,708 1,839
DCF Intrinsic Value ₹2,072 9.0% 1,316 1,380 1,453 1,538 1,640
Analyzed by QuantJuice (2025)