| Intrinsic Valuation of: LUPIN | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 73 | Market Cap | ₹896B | |||||
| 2021 | - | - (-) | P/E Ratio | 27 | Total Asset | ₹292B | |||||
| 2022 | ₹-5B | - (-) | Net Income | ₹33B | Total Debt | ₹18B | |||||
| 2023 | ₹4B | 173.9% (173.6%) | EBITDA | ₹55B | Total Liab | ₹119B | |||||
| 2024 | ₹27B | 583.9% (466.1%) | Opr Margin | 0.20 | Debt/Equity | 0.10 | |||||
| 2025 | ₹13B | -51.6% (-57.1%) | PreTax Margin | 18.72 | BV/Share | 273 | |||||
| 5Y Average FCF | ₹10B | 235.4% (194.2%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹16B | MBG Intrinsic Value | ₹649 | ||||||||
| 2027 | ₹21B | ||||||||||
| 2028 | ₹26B | ||||||||||
| 2029 | ₹32B | ||||||||||
| 2030 | ₹40B | ||||||||||
| 2031 | ₹50B | ||||||||||
| Terminal Value | ₹1,045B | Net Worth/Share | ₹379 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹819B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹15B | ₹1,787 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹18B | WACC | 7.3% | 1,554 | 1,678 | 1,828 | 2,013 | 2,246 | |||
| Equity Value | ₹816B | 7.4% | 1,539 | 1,661 | 1,807 | 1,988 | 2,215 | ||||
| Shares Outstanding | 456,716,000 | 7.4% | 1,524 | 1,644 | 1,787 | 1,964 | 2,184 | ||||
| 7.9% | 1,393 | 1,491 | 1,608 | 1,748 | 1,920 | ||||||
| DCF Intrinsic Value | ₹1,787 | 8.4% | 1,280 | 1,362 | 1,459 | 1,573 | 1,710 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||