| Intrinsic Valuation of: LUPIN | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 117 | Market Cap | ₹1,041B | |||||
| 2021 | - | - (-) | P/E Ratio | 20 | 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 | 19.58 | Debt/Equity | 0.10 | |||||
| 2025 | ₹13B | -51.6% (-57.1%) | PreTax Margin | 18.36 | BV/Share | 273 | |||||
| 5Y Average FCF | ₹10B | 15.0% (194.2%) | |||||||||
| 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): | 7.04% | 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 | ₹16B | MBG Intrinsic Value | ₹1,042 | ||||||||
| 2027 | ₹18B | ||||||||||
| 2028 | ₹19B | ||||||||||
| 2029 | ₹21B | ||||||||||
| 2030 | ₹22B | ||||||||||
| 2031 | ₹22B | ||||||||||
| Terminal Value | ₹505B | Net Worth/Share | ₹378 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹428B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹19B | ₹939 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹18B | WACC | 6.5% | 890 | 969 | 1,068 | 1,195 | 1,364 | |||
| Equity Value | ₹429B | 7.1% | 788 | 847 | 920 | 1,009 | 1,124 | ||||
| Shares Outstanding | 457,215,863 | 7.8% | 707 | 754 | 809 | 875 | 958 | ||||
| 8.4% | 640 | 677 | 720 | 771 | 832 | ||||||
| DCF Intrinsic Value | ₹939 | 9.0% | 586 | 615 | 650 | 690 | 737 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||