| Intrinsic Valuation of: MARICO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 14 | Market Cap | ₹1,090B | |||||
| 2022 | - | - (-) | P/E Ratio | 62 | Total Asset | ₹101B | |||||
| 2023 | ₹12B | - (-) | Net Income | ₹18B | Total Debt | ₹0 | |||||
| 2024 | ₹12B | -0.2% (1.0%) | EBITDA | ₹25B | Total Liab | ₹56B | |||||
| 2025 | ₹12B | -2.6% (-13.9%) | Opr Margin | 15.62 | Debt/Equity | - | |||||
| 2026 | ₹18B | 46.8% (16.8%) | PreTax Margin | 15.23 | BV/Share | 13 | |||||
| 5Y Average FCF | ₹14B | 13.4% (1.3%) | |||||||||
| 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 (13.4%) | ||||||||||
| 2027 | ₹19B | MBG Intrinsic Value | ₹122 | ||||||||
| 2028 | ₹21B | ||||||||||
| 2029 | ₹23B | ||||||||||
| 2030 | ₹24B | ||||||||||
| 2031 | ₹25B | ||||||||||
| 2032 | ₹26B | ||||||||||
| Terminal Value | ₹587B | Net Worth/Share | ₹35 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹499B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹388 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 364 | 397 | 437 | 488 | 557 | |||
| Equity Value | ₹503B | 7.1% | 324 | 348 | 378 | 415 | 462 | ||||
| Shares Outstanding | 1,295,802,765 | 7.8% | 291 | 310 | 332 | 360 | 394 | ||||
| 8.4% | 264 | 279 | 297 | 318 | 343 | ||||||
| DCF Intrinsic Value | ₹388 | 9.0% | 242 | 254 | 268 | 285 | 304 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||