Bhaskar Agro Chemicals Ltd

BSE:524534

印度 / 材料 / 化學品

綜觀

股息

10 年 DCF EBITDA 退出價

股價

77.85 INR

公允價值

125.52 INR

Metrics	Range	Conclusion
Discount Rate	10.3% - 9.3%	9.8%
Terminal EBITDA Multiple	7.6x - 9.6x	8.6x
Fair Value	₹111.44 - ₹140.61	₹125.52
Upside	43.9% - 81.5%	62.1%

3.7%

Revenue 10y CAGR

12.2%

10y Avg EBITDA Margin

13.0%

Unlevered FCF 10y CAGR

10-Year DCF Model: EBITDA Exit

股價

77.85 INR

公允價值

125.52 INR

看漲

62.1%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(INR in millions)		Input Projections
Fiscal Years Ending	Mar-24	Mar-25	Mar-26	Mar-27	Mar-28	Mar-29	Mar-30	Mar-31	Mar-32	Mar-33	Mar-34

Revenue	666	750	806	834	851	868	885	903	921	939	958
% Growth	20.6%	12.5%	7.5%	3.5%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%

EBITDA	60	84	99	102	104	106	109	111	113	115	118
% of Revenue	9.1%	11.3%	12.3%	12.3%	12.3%	12.3%	12.3%	12.3%	12.3%	12.3%	12.3%

支援算式

Calculation of Free Cash Flow

Discounting Periods

Discounting Factors

Calculation of Enterprise Value

Equity Waterfall

Historical Financials

Current Trading Multiples


Calculation of Free Cash Flow

Projected Unlevered Cash Flow
(INR in millions)		Mar-25	Mar-26	Mar-27	Mar-28	Mar-29	Mar-30	Mar-31	Mar-32	Mar-33	Mar-34

EBITDA		84	99	102	104	106	109	111	113	115	118
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0
D&A		(16)	(17)	(18)	(18)	(19)	(19)	(20)	(20)	(20)	(21)

EBIT		68	81	84	86	88	89	91	93	95	97
Pro forma Taxes		(14)	(16)	(17)	(17)	(18)	(18)	(18)	(19)	(19)	(19)
NOPAT	36	55	65	67	69	70	72	73	74	76	77

Capital Expenditures	(18)	(20)	(23)	(23)	(24)	(24)	(24)	(24)	(24)	(24)	(24)
NWC Investment	(13)	(9)	(6)	(3)	(2)	(2)	(2)	(2)	(2)	(2)	(2)
(+) D&A	16	16	17	18	18	19	19	20	20	20	21

Free Cash Flow	21	42	54	59	61	63	65	66	68	70	72
% Growth		96%	29%	10%	4%	2%	4%	2%	3%	3%	3%

載入錯誤

Bhaskar Agro Chemicals Ltd

BSE:524534

印度 / 材料 / 化學品

10 年 DCF EBITDA 退出價