Intrinsic Valuation of: MOTILALOFS
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 33 Market Cap ₹508B
2021 - - (-) P/E Ratio 26 Total Asset ₹340B
2022 ₹10B - (-) Net Income ₹25B Total Debt ₹45B
2023 ₹-32B -435.9% (-422.6%) EBITDA ₹46B Total Liab ₹229B
2024 ₹-5B 84.4% (88.5%) Opr Margin 39.58 Debt/Equity 0.41
2025 ₹9B 285.9% (249.3%) PreTax Margin 20.13 BV/Share 183
5Y Average FCF ₹-5B 4.1% (-28.3%)
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): 7.41% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (4.1%)
2026 ₹10B MBG Intrinsic Value ₹294
2027 ₹10B
2028 ₹10B
2029 ₹11B
2030 ₹11B
2031 ₹11B
Terminal Value ₹236B Net Worth/Share ₹185
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹203B Growth Rate
(+) Cash & Cash Equivalents ₹66B ₹371 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹45B WACC 6.5% 380 410 448 496 561
Equity Value ₹224B 7.2% 335 357 384 417 459
Shares Outstanding 602,044,654 8.0% 302 318 338 362 390
8.7% 274 287 302 320 341
DCF Intrinsic Value ₹371 9.4% 252 262 274 287 303
Analyzed by QuantJuice (2025)