Price

Product FY1 FY2 FY3 FY4

A 2000 2200 2400 2600
B 35000 38500 42400 46600
C 30000 33000 36300 39900
D 27000 29700 32700 36000

Expected sale (Unit)

Product FY1 FY2 FY3 FY4
A 2100 4500 8400 13200
B 30 80 180 280
C 30 80 180 280
D 50 60 80 100

Expected sale
Product FY1 FY2 FY3 FY4
A 4200000 9900000 20160000 34320000
B 1050000 3080000 7632000 13048000
C 900000 2640000 6534000 11172000
D 1350000 1782000 2616000 3600000
Total Sales 7500000 17402000 36942000 62140000

Assumption for Expense %

Manpower cost 59.45 0.59 Annual Depriciation
Rent 2.39 0.02 Interest
Electricity 0.43 0.00 Tax
Water 0.04 0.00
Staff Welfare 0.17 0.00
Security 0.07 0.00
House Keeping 0.34 0.00
Printing and stationary 0.07 0.00
Employee transport 0.17 0.00
Postage and courier 0.03 0.00
Repairs and maintenance 0.05 0.00
Telephone & Comm 0.52 0.01
Other Expenses 0.52 0.01
Health Insurance 0.46 0.00
Software charges 0.17 0.00
Audit fee 2.58 0.03
Travel Costs 0.45 0.00
Business Promotion 4.86 0.05
Training and development 0.34 0.00
Profit and Loss Account
FY1 FY2 FY3 FY4
Revenue
Manpower cost 4458750 10345489 21962019 36942230
Rent 179250 415907.8 882913.8 1485146
Electricity 32250 74828.6 158850.6 267202
Water 3000 6960.8 14776.8 24856
Staff Welfare 12750 29583.4 62801.4 105638
Security 5250 12181.4 25859.4 43498
House Keeping 25500 59166.8 125602.8 211276
Printing and stationary 5250 12181.4 25859.4 43498
Employee transport 12750 29583.4 62801.4 105638
Postage and courier 2250 5220.6 11082.6 18642
Repairs and maintenance 3750 8701 18471 31070
Telephone & Comm 39000 90490.4 192098.4 323128
Other Expenses 39000 90490.4 192098.4 323128
Health Insurance 34500 80049.2 169933.2 285844
Software charges 12750 29583.4 62801.4 105638
Audit fee 193500 448971.6 953103.6 1603212
Travel Costs 33750 78309 166239 279630
Business Promotion 364500 845737.2 1795381.2 3020004
Training and development 25500 59166.8 125602.8 211276
Total Expense 5483250 12722602 27008296 45430554
EBITDA 2016750 4679397.8 9933703.8 16709446
Less: Dep 100000 100000 100000 100000
EBIT 1916750 4579397.8 9833703.8 16609446
Less :Int 25000 25000 25000 25000
EBT 1891750 4554397.8 9808703.8 16584446
Tax @ 32.45% 613872.875 1477902.1 3182924.4 5381652.727
PAT 1277877.125 3076495.7 6625779.4 11202793.273

FCFF (FREE CASH FLOW FOR FIRM)

FY1 FY2 FY3 FY4
PAT
Add: I(1-T)
Add: Dep
FCF
PV of FCF
TV
PV of TV
value of the firm
FY5
2900
51300
43900
39600

FY5
18000
380
380
120

FY5
52200000
19494000
16682000
4752000
93128000

100000
25000
0.3245 32.45%
FY5

55364596
2225759.2
400450.4
37251.2
158317.6
65189.6
316635.2
65189.6
158317.6
27938.4
46564
484265.6
484265.6
428388.8
158317.6
2402702.4
419076
4526020.8
316635.2
68085880.8
25042119.2 EBITA = REV - TOTAL EXPENSES
100000
24942119.2 EBIT = EBITA - DEP
25000
24917119.2 EBT = EBIT - INT
8085605.1804
16831514.02 PAT = EBT - TAX

WACC 0.1
FY5 Terminal G 0.05