| Intrinsic Valuation of: NAM-INDIA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 20 | Market Cap | ₹513B | |||||
| 2021 | - | - (-) | P/E Ratio | 40 | Total Asset | ₹47B | |||||
| 2022 | ₹6B | - (-) | Net Income | ₹13B | Total Debt | ₹0 | |||||
| 2023 | ₹6B | 0.2% (-3.0%) | EBITDA | ₹17B | Total Liab | ₹5B | |||||
| 2024 | ₹8B | 33.4% (9.6%) | Opr Margin | 0.63 | Debt/Equity | - | |||||
| 2025 | ₹8B | 5.6% (-22.2%) | PreTax Margin | 62.95 | BV/Share | 62 | |||||
| 5Y Average FCF | ₹7B | 13.1% (-5.2%) | |||||||||
| 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 (13.1%) | ||||||||||
| 2026 | ₹9B | MBG Intrinsic Value | ₹179 | ||||||||
| 2027 | ₹10B | ||||||||||
| 2028 | ₹12B | ||||||||||
| 2029 | ₹13B | ||||||||||
| 2030 | ₹15B | ||||||||||
| 2031 | ₹17B | ||||||||||
| Terminal Value | ₹351B | Net Worth/Share | ₹66 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹287B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹266M | ₹452 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 395 | 425 | 462 | 506 | 563 | |||
| Equity Value | ₹287B | 7.4% | 392 | 421 | 457 | 500 | 555 | ||||
| Shares Outstanding | 635,355,008 | 7.4% | 388 | 417 | 452 | 494 | 548 | ||||
| 7.9% | 356 | 380 | 408 | 442 | 484 | ||||||
| DCF Intrinsic Value | ₹452 | 8.4% | 329 | 349 | 372 | 400 | 433 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||