| Intrinsic Valuation of: NLCINDIA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 17 | Market Cap | ₹489B | |||||
| 2021 | - | - (-) | P/E Ratio | 20 | Total Asset | ₹579B | |||||
| 2022 | ₹68B | - (-) | Net Income | ₹26B | Total Debt | ₹185B | |||||
| 2023 | ₹16B | -77.0% (-83.0%) | EBITDA | ₹64B | Total Liab | ₹359B | |||||
| 2024 | ₹23B | 49.5% (85.9%) | Opr Margin | 19.34 | Debt/Equity | 0.84 | |||||
| 2025 | ₹16B | -30.2% (-40.6%) | PreTax Margin | 13.71 | BV/Share | 133 | |||||
| 5Y Average FCF | ₹31B | 3.5% (-12.6%) | |||||||||
| 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): | 7.79% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.5%) | ||||||||||
| 2026 | ₹21B | MBG Intrinsic Value | ₹155 | ||||||||
| 2027 | ₹22B | ||||||||||
| 2028 | ₹23B | ||||||||||
| 2029 | ₹24B | ||||||||||
| 2030 | ₹24B | ||||||||||
| 2031 | ₹25B | ||||||||||
| Terminal Value | ₹477B | Net Worth/Share | ₹158 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹411B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹2B | ₹165 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹185B | WACC | 6.5% | 196 | 224 | 260 | 306 | 367 | |||
| Equity Value | ₹228B | 7.3% | 149 | 169 | 194 | 223 | 261 | ||||
| Shares Outstanding | 1,386,636,609 | 8.2% | 114 | 129 | 146 | 166 | 191 | ||||
| 9.0% | 87 | 98 | 111 | 126 | 143 | ||||||
| DCF Intrinsic Value | ₹165 | 9.8% | 65 | 74 | 83 | 95 | 108 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||