| Intrinsic Valuation of: TECHM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 48 | Market Cap | ₹1,493B | |||||
| 2021 | - | - (-) | P/E Ratio | 35 | Total Asset | ₹445B | |||||
| 2022 | ₹43B | - (-) | Net Income | ₹43B | Total Debt | ₹0 | |||||
| 2023 | ₹46B | 5.3% (-11.8%) | EBITDA | ₹78B | Total Liab | ₹167B | |||||
| 2024 | ₹56B | 22.6% (25.6%) | Opr Margin | 0.10 | Debt/Equity | - | |||||
| 2025 | ₹52B | -7.0% (-8.8%) | PreTax Margin | 9.09 | BV/Share | 196 | |||||
| 5Y Average FCF | ₹49B | 6.9% (1.7%) | |||||||||
| 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 (6.9%) | ||||||||||
| 2026 | ₹56B | MBG Intrinsic Value | ₹429 | ||||||||
| 2027 | ₹59B | ||||||||||
| 2028 | ₹64B | ||||||||||
| 2029 | ₹68B | ||||||||||
| 2030 | ₹73B | ||||||||||
| 2031 | ₹78B | ||||||||||
| Terminal Value | ₹1,615B | Net Worth/Share | ₹314 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,357B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹43B | ₹1,583 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 1,396 | 1,496 | 1,615 | 1,763 | 1,948 | |||
| Equity Value | ₹1,401B | 7.4% | 1,385 | 1,482 | 1,599 | 1,743 | 1,924 | ||||
| Shares Outstanding | 884,972,032 | 7.4% | 1,373 | 1,468 | 1,583 | 1,723 | 1,899 | ||||
| 7.9% | 1,267 | 1,345 | 1,438 | 1,550 | 1,687 | ||||||
| DCF Intrinsic Value | ₹1,583 | 8.4% | 1,176 | 1,241 | 1,318 | 1,409 | 1,519 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||