| 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 | ₹941B | |||||
| 2021 | - | - (-) | P/E Ratio | 56 | 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% (1.0%) | Opr Margin | 0.18 | Debt/Equity | - | |||||
| 2025 | ₹12B | -2.6% (-13.1%) | PreTax Margin | 17.97 | BV/Share | 17 | |||||
| 5Y Average FCF | ₹11B | 12.4% (8.1%) | |||||||||
| 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 | ₹115 | ||||||||
| 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 | ₹320 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 281 | 302 | 327 | 358 | 398 | |||
| Equity Value | ₹415B | 7.4% | 278 | 299 | 324 | 354 | 393 | ||||
| Shares Outstanding | 1,296,310,016 | 7.4% | 276 | 296 | 320 | 350 | 387 | ||||
| 7.9% | 253 | 270 | 290 | 313 | 343 | ||||||
| DCF Intrinsic Value | ₹320 | 8.4% | 234 | 248 | 264 | 283 | 307 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||