Intrinsic Valuation of: SHRIRAMFIN
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 51 Market Cap ₹1,091B
2021 - - (-) P/E Ratio 11 Total Asset ₹2,937B
2022 ₹-89B - (-) Net Income ₹96B Total Debt ₹0
2023 ₹-178B -100.4% (-13.1%) EBITDA - Total Liab ₹2,373B
2024 ₹-314B -76.0% (-56.1%) Opr Margin - Debt/Equity -
2025 ₹-439B -40.0% (-20.4%) PreTax Margin - BV/Share 290
5Y Average FCF ₹-255B -72.1% (-29.9%)
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 ₹-265B MBG Intrinsic Value ₹457
2027 ₹-276B
2028 ₹-287B
2029 ₹-298B
2030 ₹-310B
2031 ₹-323B
Terminal Value ₹-6,708B Net Worth/Share ₹300
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹-5,731B Growth Rate
(+) Cash & Cash Equivalents ₹198B ₹-2,942 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 7.3% -2,578 -2,771 -3,005 -3,293 -3,656
Equity Value ₹-5,533B 7.4% -2,554 -2,744 -2,973 -3,254 -3,608
Shares Outstanding 1,880,920,064 7.4% -2,532 -2,718 -2,942 -3,216 -3,560
7.9% -2,323 -2,477 -2,659 -2,878 -3,146
DCF Intrinsic Value ₹-2,942 8.4% -2,145 -2,274 -2,424 -2,601 -2,815
Analyzed by QuantJuice (2025)