Intrinsic Valuation of: MRPL
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 11 Market Cap ₹263B
2022 - - (-) P/E Ratio 14 Total Asset ₹445B
2023 ₹57B - (-) Net Income ₹19B Total Debt ₹85B
2024 ₹55B -2.9% (17.0%) EBITDA ₹64B Total Liab ₹303B
2025 ₹9B -83.8% (-84.6%) Opr Margin 5.32 Debt/Equity 0.60
2026 ₹11B 26.1% (34.6%) PreTax Margin 4.30 BV/Share 78
5Y Average FCF ₹33B -2.0% (-11.0%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 1.00% 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 (-2.0%)
2027 ₹17B MBG Intrinsic Value ₹98
2028 ₹17B
2029 ₹17B
2030 ₹17B
2031 ₹17B
2032 ₹17B
Terminal Value ₹289B Net Worth/Share ₹81
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹274B Growth Rate
(+) Cash & Cash Equivalents ₹6B ₹111 1.0% 1.2% 1.5% 1.8% 2.0%
(-) Total Debt ₹85B WACC 6.5% 125 131 138 146 154
Equity Value ₹195B 7.1% 108 113 118 124 130
Shares Outstanding 1,752,598,777 7.8% 94 98 102 106 111
8.4% 82 85 88 92 96
DCF Intrinsic Value ₹111 9.0% 72 75 78 80 84
Analyzed by QuantJuice (2025)