| Intrinsic Valuation of: MARICO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 13 | Market Cap | ₹935B | |||||
| 2021 | - | - (-) | P/E Ratio | 57 | Total Asset | ₹83B | |||||
| 2022 | ₹9B | - (-) | Net Income | ₹16B | Total Debt | ₹0 | |||||
| 2023 | ₹12B | 39.9% (36.5%) | EBITDA | ₹23B | Total Liab | ₹41B | |||||
| 2024 | ₹12B | -0.2% (0.1%) | Opr Margin | 0.18 | Debt/Equity | - | |||||
| 2025 | ₹12B | -2.6% (-13.2%) | PreTax Margin | 17.62 | BV/Share | 17 | |||||
| 5Y Average FCF | ₹11B | 12.4% (7.8%) | |||||||||
| 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 (12.4%) | ||||||||||
| 2026 | ₹14B | MBG Intrinsic Value | ₹112 | ||||||||
| 2027 | ₹15B | ||||||||||
| 2028 | ₹17B | ||||||||||
| 2029 | ₹19B | ||||||||||
| 2030 | ₹22B | ||||||||||
| 2031 | ₹24B | ||||||||||
| Terminal Value | ₹503B | Net Worth/Share | ₹33 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹412B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹321 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 281 | 302 | 328 | 359 | 398 | |||
| Equity Value | ₹415B | 7.4% | 278 | 299 | 324 | 355 | 393 | ||||
| Shares Outstanding | 1,294,409,984 | 7.4% | 276 | 296 | 321 | 351 | 388 | ||||
| 7.9% | 253 | 270 | 290 | 314 | 343 | ||||||
| DCF Intrinsic Value | ₹321 | 8.4% | 234 | 248 | 265 | 284 | 307 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||