| Intrinsic Valuation of: NIACL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 6 | Market Cap | ₹317B | |||||
| 2021 | - | - (-) | P/E Ratio | 30 | Total Asset | ₹1,098B | |||||
| 2022 | ₹-42B | - (-) | Net Income | ₹10B | Total Debt | ₹0 | |||||
| 2023 | ₹-60B | -42.8% (-24.7%) | EBITDA | - | Total Liab | ₹807B | |||||
| 2024 | ₹-47B | 20.4% (23.3%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | ₹-35B | 26.1% (26.2%) | PreTax Margin | - | BV/Share | 176 | |||||
| 5Y Average FCF | ₹-46B | 1.2% (8.3%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹-48B | MBG Intrinsic Value | ₹56 | ||||||||
| 2027 | ₹-50B | ||||||||||
| 2028 | ₹-52B | ||||||||||
| 2029 | ₹-54B | ||||||||||
| 2030 | ₹-56B | ||||||||||
| 2031 | ₹-58B | ||||||||||
| Terminal Value | ₹-1,208B | Net Worth/Share | ₹176 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-1,032B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹177B | ₹-519 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | -444 | -484 | -532 | -591 | -666 | |||
| Equity Value | ₹-855B | 7.4% | -439 | -478 | -525 | -583 | -656 | ||||
| Shares Outstanding | 1,648,000,000 | 7.4% | -435 | -473 | -519 | -575 | -646 | ||||
| 7.9% | -392 | -423 | -461 | -506 | -561 | ||||||
| DCF Intrinsic Value | ₹-519 | 8.4% | -355 | -382 | -412 | -449 | -493 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||