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DABUR INDIA In Crs

0 1 2
Year 2017 2018E 2019E
Revenue 8360.00 10868.00 14128.40
EBITDA [Excluded] 4347.20 5651.36
D&A <b> [Excluded] 32.60 42.39
EBIT [Excluded] 4314.60 5608.97
EBIT*(1-tax) <a> [Excluded] 3408.53 4431.09
Capex <c> [Excluded] 163.02 211.93
FCF to company (a+b-c) [Excluded] 3278.11 4261.55
Terminal value (2023 onwards) -
FCF + Terminal value - 3278.11 4261.55
Enterprise Value <d> ₹64,428.76
3 4 5 Assumptions
2020E 2021E 2022E Discount Rate
18366.92 23877.00 31040.09 Tax rate
7346.77 9550.80 12416.04 Revenue Growth
55.10 71.63 93.12 EBITDA Margin
7291.67 9479.17 12322.92 D&A (% of Capex)
5760.42 7488.54 9735.10 Capex (% of Revenue)
275.50 358.15 465.60
5540.01 7202.02 9362.62
78021.86
5540.01 7202.02 87384.49
12%
21%
30%
40%
20%
1.5%

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