| Intrinsic Valuation of: TECHM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 55 | Market Cap | ₹1,214B | |||||
| 2022 | - | - (-) | P/E Ratio | 25 | Total Asset | ₹494B | |||||
| 2023 | ₹46B | - (-) | Net Income | ₹48B | Total Debt | ₹0 | |||||
| 2024 | ₹56B | 22.6% (25.6%) | EBITDA | ₹91B | Total Liab | ₹193B | |||||
| 2025 | ₹52B | -7.0% (-8.8%) | Opr Margin | 12.59 | Debt/Equity | - | |||||
| 2026 | ₹55B | 5.5% (-1.6%) | PreTax Margin | 12.00 | BV/Share | 217 | |||||
| 5Y Average FCF | ₹52B | 4.1% (5.1%) | |||||||||
| 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): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.1%) | ||||||||||
| 2027 | ₹56B | MBG Intrinsic Value | ₹494 | ||||||||
| 2028 | ₹58B | ||||||||||
| 2029 | ₹60B | ||||||||||
| 2030 | ₹62B | ||||||||||
| 2031 | ₹64B | ||||||||||
| 2032 | ₹66B | ||||||||||
| Terminal Value | ₹1,487B | Net Worth/Share | ₹340 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,280B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹50B | ₹1,502 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 1,415 | 1,534 | 1,683 | 1,874 | 2,128 | |||
| Equity Value | ₹1,331B | 7.1% | 1,264 | 1,355 | 1,465 | 1,602 | 1,776 | ||||
| Shares Outstanding | 885,718,530 | 7.8% | 1,142 | 1,212 | 1,296 | 1,398 | 1,523 | ||||
| 8.4% | 1,042 | 1,098 | 1,163 | 1,241 | 1,335 | ||||||
| DCF Intrinsic Value | ₹1,502 | 9.0% | 960 | 1,005 | 1,058 | 1,119 | 1,192 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||