Intrinsic Valuation of: LTTS
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 116 Market Cap ₹370B
2022 - - (-) P/E Ratio 30 Total Asset ₹105B
2023 ₹11B - (-) Net Income ₹13B Total Debt ₹0
2024 ₹12B 9.6% (0.1%) EBITDA ₹21B Total Liab ₹40B
2025 ₹14B 10.4% (10.5%) Opr Margin 14.46 Debt/Equity -
2026 ₹13B -7.3% (-18.7%) PreTax Margin 13.88 BV/Share 479
5Y Average FCF ₹13B 6.4% (-2.7%)
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): 7.00% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (6.4%)
2027 ₹13B MBG Intrinsic Value ₹1,035
2028 ₹14B
2029 ₹15B
2030 ₹15B
2031 ₹16B
2032 ₹16B
Terminal Value ₹372B Net Worth/Share ₹612
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹319B Growth Rate
(+) Cash & Cash Equivalents ₹16B ₹3,166 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 2,983 3,232 3,542 3,941 4,472
Equity Value ₹336B 7.1% 2,668 2,857 3,087 3,373 3,737
Shares Outstanding 106,002,393 7.8% 2,413 2,560 2,735 2,947 3,208
8.4% 2,204 2,321 2,458 2,620 2,816
DCF Intrinsic Value ₹3,166 9.0% 2,032 2,128 2,237 2,365 2,517
Analyzed by QuantJuice (2025)