Intrinsic Value

₹ 8,874.49
Company info
Name UltraTech Cement Ltd
Market Cap (Millions) ₹ 1,925,593.30

Inputs
Cash And Cash Equivalents ₹ 20,075.50
Total debt ₹ 217,193.90
Free cash flow (Millions) ₹ 57,480.20
Shares outstanding (Millions) 288.67
Growth rate 37.91%
Margin of Safety 30%
Conservative growth rate 26.537%
Growth decline rate 5%
Discount rate 10.74%
Valuation last FCF 12

Calculations In Millions
Year FCF * Growth rate NPV FCF
1 ₹ 72,733.72 ₹ 65,679.72
2 ₹ 91,070.00 ₹ 74,261.94
3 ₹ 112,880.94 ₹ 83,120.29
4 ₹ 138,563.79 ₹ 92,136.49
5 ₹ 168,513.74 ₹ 101,184.20
6 ₹ 203,116.05 ₹ 110,132.91
7 ₹ 242,738.17 ₹ 118,851.99
8 ₹ 287,721.87 ₹ 127,214.53
9 ₹ 338,375.84 ₹ 135,101.04
10 ₹ 394,968.96 ₹ 142,402.55

Total NPV FCF ₹ 1,050,085.67

Year 10 FCF value ₹ 1,708,830.64
Cash in Hand ₹ 20,075.50
Total Debt ₹ 217,193.90
Company value: ₹ 2,561,797.91
 In Millions FY 19 FY 20 FY 21
Free Cash Flow ₹ 26,151.90 ₹ 54,540.00 ₹ 91,748.70
Source: Bloomberg
5 Year Growth of
28.96% 42.90% 37.91%
Free Cash Flow
WACC 10.74% 14.17% 9.24%

Year FY
1 FY 22
2 FY 23
3 FY 24
4 FY 25
5 FY 26
6 FY 27
7 FY 28
8 FY 29
9 FY 30
10 FY 31