Intrinsic Valuation of: TITAN
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 57 Market Cap ₹3,698B
2022 - - (-) P/E Ratio 73 Total Asset ₹606B
2023 ₹9B - (-) Net Income ₹51B Total Debt ₹930M
2024 ₹10B 7.0% (-15.0%) EBITDA ₹88B Total Liab ₹449B
2025 ₹-10B -203.1% (-191.9%) Opr Margin 9.80 Debt/Equity 0.01
2026 ₹47B 552.9% (437.0%) PreTax Margin 8.27 BV/Share 156
5Y Average FCF ₹14B 15.0% (76.7%)
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 (15.0%)
2027 ₹45B MBG Intrinsic Value ₹511
2028 ₹51B
2029 ₹56B
2030 ₹60B
2031 ₹63B
2032 ₹65B
Terminal Value ₹1,471B Net Worth/Share ₹177
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹1,248B Growth Rate
(+) Cash & Cash Equivalents ₹9B ₹1,415 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹930M WACC 6.5% 1,329 1,447 1,594 1,782 2,033
Equity Value ₹1,256B 7.1% 1,178 1,267 1,376 1,510 1,681
Shares Outstanding 887,045,260 7.8% 1,060 1,129 1,212 1,312 1,436
8.4% 961 1,016 1,081 1,158 1,250
DCF Intrinsic Value ₹1,415 9.0% 880 925 977 1,038 1,109
Analyzed by QuantJuice (2025)