| Intrinsic Valuation of: NLCINDIA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 19 | Market Cap | ₹319B | |||||
| 2021 | - | - (-) | P/E Ratio | 12 | Total Asset | ₹579B | |||||
| 2022 | ₹68B | - (-) | Net Income | ₹26B | Total Debt | ₹185B | |||||
| 2023 | ₹16B | -77.0% (-83.0%) | EBITDA | ₹65B | Total Liab | ₹359B | |||||
| 2024 | ₹23B | 49.5% (85.9%) | Opr Margin | 0.19 | Debt/Equity | 0.84 | |||||
| 2025 | ₹16B | -30.2% (-40.6%) | PreTax Margin | 13.24 | BV/Share | 133 | |||||
| 5Y Average FCF | ₹31B | -19.2% (-12.6%) | |||||||||
| 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 | ₹17B | MBG Intrinsic Value | ₹173 | ||||||||
| 2027 | ₹18B | ||||||||||
| 2028 | ₹18B | ||||||||||
| 2029 | ₹19B | ||||||||||
| 2030 | ₹20B | ||||||||||
| 2031 | ₹21B | ||||||||||
| Terminal Value | ₹431B | Net Worth/Share | ₹158 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹368B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹2B | ₹133 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹185B | WACC | 7.3% | 102 | 119 | 139 | 164 | 196 | |||
| Equity Value | ₹185B | 7.4% | 100 | 116 | 136 | 161 | 191 | ||||
| Shares Outstanding | 1,386,640,000 | 7.4% | 98 | 114 | 133 | 157 | 187 | ||||
| 7.9% | 79 | 93 | 109 | 128 | 151 | ||||||
| DCF Intrinsic Value | ₹133 | 8.4% | 64 | 75 | 88 | 104 | 122 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||