Intrinsic Valuation of: TIINDIA
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 33 Market Cap ₹552B
2021 - - (-) P/E Ratio 87 Total Asset ₹160B
2022 ₹6B - (-) Net Income ₹7B Total Debt ₹25B
2023 ₹10B 49.9% (24.5%) EBITDA ₹22B Total Liab ₹83B
2024 ₹5B -53.1% (-58.6%) Opr Margin 8.46 Debt/Equity 0.32
2025 ₹5M -99.9% (-99.9%) PreTax Margin 8.14 BV/Share 181
5Y Average FCF ₹5B 3.5% (-44.7%)
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 (3.5%)
2026 ₹2B MBG Intrinsic Value ₹293
2027 ₹2B
2028 ₹2B
2029 ₹2B
2030 ₹2B
2031 ₹2B
Terminal Value ₹42B Net Worth/Share ₹397
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹36B Growth Rate
(+) Cash & Cash Equivalents ₹7B ₹94 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹25B WACC 6.5% 83 98 118 142 175
Equity Value ₹18B 7.1% 63 75 89 107 130
Shares Outstanding 193,552,869 7.8% 48 57 68 81 97
8.4% 35 42 50 60 73
DCF Intrinsic Value ₹94 9.0% 24 30 37 45 54
Analyzed by QuantJuice (2025)