Bottom-up 3-statement build with revenue segmented across FMCG, Hotels, Agribusiness, and Paperboards, feeding a DCF with full WACC derivation and terminal value sensitivity. Refined across four revision cycles.
₹633.78
Implied Value / Share (vs. ₹2,127.20 spot)
Current price trades at ~3.36x implied value
Revenue Build
- Segment-level build: FMCG, Hotels, Agribusiness, Paperboards
- Bottom-up drivers per segment rather than a single blended growth rate
- Historical segment mix used to sense-check forward assumptions
Valuation Method
- Full 3-statement linkage (IS, BS, CFS)
- DCF with explicit WACC derivation
- Terminal value sensitivity on WACC and terminal growth rate
- WACC 13.72%, Terminal Growth Rate 6.0%
- Forecast FCFF within ~3% of reported actual across 4 revision cycles
| Check | Result |
|---|
| Forecast FCFF vs. reported actual | Within ~3% |
| Revision cycles to reach this accuracy | 4 |