2010 2011 2012 2013 2014 2015

Sales 200 250 375 469 539

COGS 110 138 206 258 296
SGAQ 40 38 56 70 81
PBIT 50 74 113 141 162
DEP 20 5 13 9 7
CAPEX 40 10 25 19 14
Tax 12.5 18.5 28.25 35.25 40.5
30 40 50 75 93.8 107.8
10 10 25 18.8 14
FCF 7.5 40.5 47.75 76.95 100.5
NPV ₹ 162.50
Cont 524.65 1055.25
MV ₹ 687.15
Total 1000
Excess Debt ₹ -312.85 to Be written of 31.28%

Sustainable debt ₹ 481.01

 50 74 113 141 162
12.5 18.5 28.25 35.25 40.5
37.5 55.5 84.75 105.75 121.5 0
57.5 60.5 97.75 114.75 128.5
17.5 50.5 72.75 95.75 114.5
7.5 40.5 47.75 76.95 100.5