| Intrinsic Valuation of: VEDL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 39 | Market Cap | ₹1,819B | |||||
| 2021 | - | - (-) | P/E Ratio | 12 | Total Asset | ₹2,033B | |||||
| 2022 | ₹243B | - (-) | Net Income | ₹150B | Total Debt | ₹527B | |||||
| 2023 | ₹193B | -20.8% (-28.5%) | EBITDA | ₹479B | Total Liab | ₹1,495B | |||||
| 2024 | ₹189B | -2.0% (0.5%) | Opr Margin | 0.21 | Debt/Equity | 0.98 | |||||
| 2025 | ₹226B | 19.3% (12.3%) | PreTax Margin | 14.15 | BV/Share | 93 | |||||
| 5Y Average FCF | ₹213B | -1.1% (-5.2%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹235B | MBG Intrinsic Value | ₹350 | ||||||||
| 2027 | ₹244B | ||||||||||
| 2028 | ₹254B | ||||||||||
| 2029 | ₹264B | ||||||||||
| 2030 | ₹274B | ||||||||||
| 2031 | ₹285B | ||||||||||
| Terminal Value | ₹5,934B | Net Worth/Share | ₹138 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹5,070B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹40B | ₹1,174 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹527B | WACC | 7.3% | 1,018 | 1,101 | 1,201 | 1,323 | 1,478 | |||
| Equity Value | ₹4,583B | 7.4% | 1,009 | 1,089 | 1,187 | 1,307 | 1,457 | ||||
| Shares Outstanding | 3,905,299,968 | 7.4% | 999 | 1,078 | 1,174 | 1,290 | 1,437 | ||||
| 7.9% | 910 | 976 | 1,053 | 1,146 | 1,260 | ||||||
| DCF Intrinsic Value | ₹1,174 | 8.4% | 834 | 889 | 953 | 1,029 | 1,120 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||