Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Discount Rate | 8.8% - 7.8% | 8.3% |
| Terminal EBITDA Multiple | 10.7x - 12.7x | 11.7x |
| Fair Value | ₹189.97 - ₹266.98 | ₹227.84 |
| Upside | -33.5% - -6.6% | -20.3% |
| Select Revenue and EBITDA Forecast | ||||||
| (INR in millions) | Input Projections | |||||
| Fiscal Years Ending | Mar-24 | Mar-25 | Mar-26 | Mar-27 | Mar-28 | Mar-29 |
| Revenue | 4,799 | 5,159 | 5,339 | 5,446 | 5,555 | 5,666 |
| % Growth | 12.4% | 7.5% | 3.5% | 2.0% | 2.0% | 2.0% |
| EBITDA | 577 | 591 | 612 | 624 | 637 | 650 |
| % of Revenue | 12.0% | 11.5% | 11.5% | 11.5% | 11.5% | 11.5% |
| Calculation of Free Cash Flow | ||||||
| Projected Unlevered Cash Flow | ||||||
| (INR in millions) | Mar-25 | Mar-26 | Mar-27 | Mar-28 | Mar-29 | |
| EBITDA | 591 | 612 | 624 | 637 | 650 | |
| Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | |
| D&A | (101) | (105) | (107) | (109) | (111) | |
| EBIT | 490 | 507 | 518 | 528 | 538 | |
| Pro forma Taxes | (127) | (132) | (135) | (137) | (140) | |
| NOPAT | 348 | 363 | 375 | 383 | 391 | 398 |
| Capital Expenditures | (514) | (399) | (413) | (442) | (451) | (460) |
| NWC Investment | (84) | (57) | (29) | (17) | (17) | (18) |
| (+) D&A | 107 | 101 | 105 | 107 | 109 | 111 |
| Free Cash Flow | (143) | 7 | 38 | 31 | 31 | 32 |
| % Growth | NM | 422% | -20% | 2% | 2% | |