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 | 9.0% - 8.0% | 8.5% |
| Terminal Revenue Multiple | 1.9x - 2.1x | 2.0x |
| Fair Value | ₹208.71 - ₹270.20 | ₹238.46 |
| Upside | -31.7% - -11.5% | -21.9% |
| 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 | Mar-30 | Mar-31 | Mar-32 | Mar-33 | Mar-34 |
| Revenue | 6,149 | 6,149 | 6,149 | 6,149 | 6,149 | 6,149 | 6,149 | 6,149 | 6,149 | 6,149 | 6,149 |
| % Growth | -6.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| EBITDA | 431 | 409 | 409 | 409 | 409 | 409 | 409 | 409 | 409 | 409 | 409 |
| % of Revenue | 7.0% | 6.7% | 6.7% | 6.7% | 6.7% | 6.7% | 6.7% | 6.7% | 6.7% | 6.7% | 6.7% |
| Calculation of Free Cash Flow | |||||||||||
| Projected Unlevered Cash Flow | |||||||||||
| Mar-25 | Mar-26 | Mar-27 | Mar-28 | Mar-29 | Mar-30 | Mar-31 | Mar-32 | Mar-33 | Mar-34 | ||
| EBITDA | 409 | 409 | 409 | 409 | 409 | 409 | 409 | 409 | 409 | 409 | |
| Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| D&A | (138) | (138) | (138) | (138) | (138) | (138) | (138) | (138) | (138) | (138) | |
| EBIT | 272 | 272 | 272 | 272 | 272 | 272 | 272 | 272 | 272 | 272 | |
| Pro forma Taxes | (52) | (52) | (52) | (52) | (52) | (52) | (52) | (52) | (52) | (52) | |
| NOPAT | 243 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 |
| Capital Expenditures | (104) | (112) | (122) | (122) | (122) | (122) | (122) | (122) | (122) | (122) | (122) |
| NWC Investment | 89 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| (+) D&A | 130 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 |
| Free Cash Flow | 358 | 245 | 236 | 236 | 236 | 236 | 236 | 236 | 236 | 236 | 236 |
| % Growth | -4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||