| Intrinsic Valuation of: TATATECH | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 13 | Market Cap | ₹252B | |||||
| 2022 | - | - (-) | P/E Ratio | 46 | Total Asset | ₹90B | |||||
| 2023 | ₹3B | - (-) | Net Income | ₹5B | Total Debt | ₹6B | |||||
| 2024 | ₹2B | -39.7% (-47.9%) | EBITDA | ₹9B | Total Liab | ₹50B | |||||
| 2025 | ₹7B | 229.7% (226.2%) | Opr Margin | 12.86 | Debt/Equity | 0.15 | |||||
| 2026 | ₹7B | 11.1% (4.3%) | PreTax Margin | 12.24 | BV/Share | 53 | |||||
| 5Y Average FCF | ₹5B | 15.0% (60.9%) | |||||||||
| 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): | 7.64% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2027 | ₹8B | MBG Intrinsic Value | ₹120 | ||||||||
| 2028 | ₹9B | ||||||||||
| 2029 | ₹9B | ||||||||||
| 2030 | ₹10B | ||||||||||
| 2031 | ₹11B | ||||||||||
| 2032 | ₹11B | ||||||||||
| Terminal Value | ₹218B | Net Worth/Share | ₹97 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹184B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹7B | ₹456 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹6B | WACC | 6.5% | 489 | 532 | 586 | 656 | 749 | |||
| Equity Value | ₹185B | 7.3% | 422 | 453 | 490 | 536 | 594 | ||||
| Shares Outstanding | 406,051,830 | 8.1% | 370 | 393 | 420 | 452 | 491 | ||||
| 8.8% | 330 | 348 | 368 | 391 | 419 | ||||||
| DCF Intrinsic Value | ₹456 | 9.6% | 297 | 311 | 327 | 344 | 365 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||