Scribd
Upload
31 views

DCF Valuation Sheet

Uploaded by

vikas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
31 views

DCF Valuation Sheet

Uploaded by

vikas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 5

Discounted Cash Flow

Value per Share

Particulars No.
NPV of Explicit Period
Terminal Value
Enterprise Value
Add/(Less): Adjustments
Cash and Surplus
Loan

Total Value attributable to the Equity Shareholders of the company -


Equity Value
No. of Equity Shares

Value per Equity Share

Yearly Cash Flows


31-Mar-20 1
Particulars Year 1

PAT 88,196,779
Add: Depreciation 805,664
Total Inflows 89,002,443

Less: Outflows
Capital Expenses 205,137,000
Incremental Working Capital 224,286,439
Debt Movement -
Total Outflows 429,423,439

Free Cash Flows -340,420,996

Discount rate 18.34%


Discounting factor 0.845

Discounted Cash Flows -287,671,424

Terminal Value Amount


Free Cash Flow 4,466,170,793
WACC 19.83%
Long Term groth Rate 2.50%
Value 25,765,862,965
Discounting Factor Year 3 0.581
Terminal Value 14,972,973,793
Amount
Amount
2,362,437,902
14,972,973,793
17,335,411,695

15,676,561
-45,100,000
17,305,988,256
17306 Million INR
6,746,990 211.05 Million USD

2,565 15 6.64%

(Amount in INR)
2 3
Year 2 Year 3

1,064,176,109 4,318,459,135
4,840,501 8,741,705
1,069,016,610 4,327,200,840

867,508,039 1,415,432,747
32,465,719 -1,445,471,705
- -
899,973,758 -30,038,958

169,042,852 4,357,239,798

19.67% 19.83%
0.698 0.581

118,044,423 2,532,064,903
Terminal Growth Rate 2.50%

Tax Rate MAT


Basic Rate 22.00% 0.00%
Surcharge 10.00% 10.00%
24.20% 0.00%
Cess 4.00% 4.00%
Tax Rate 25.17% 0.00%

WACC
Year 1 Year 2 Year 3
Author: Author: Author:
Risk Free Return 6.00% 6.00% 6.00%
Investing.com
Investing.com
Investing.com
Risk Free Return-Source

Equity Risk Premium 14.00% 14.00% 14.00%


Source
Beta 1.0 1.0 1.0
Company Specific Risk
Cost of Equity 20.00% 20.00% 20.00%

Cost Of Debt (Pre-Tax) 4.5% 4.5% 4.5%


Cost Of Debt (Post-Tax) 3.4% 3.4% 3.4%

Debt-Equity Ratio (Project)


Debt 10% 2% 1%
Equity 90% 98% 99%

WACC 18.34% 19.67% 19.83%

No. of Equity Shares 6746990


CAGR of the market 20%

Rm 20%
Rf 6%
ERP (Rm- Rf) 14%

You might also like