PNGS Gargi Fashion Jewellery Ltd

BSE:543709

印度 / 非必需消費品 / 特色產品零售

綜觀

股息

10 年 DCF EBITDA 退出價

股價

972.00 INR

公允價值

966.64 INR

Metrics	Range	Conclusion
Discount Rate	9.5% - 8.5%	9.0%
Terminal EBITDA Multiple	16.1x - 18.1x	17.1x
Fair Value	₹901.72 - ₹1,036	₹966.64
Upside	-9.9% - 3.5%	-3.4%

13.0%

Revenue 10y CAGR

43.6%

10y Avg EBITDA Margin

26.5%

Unlevered FCF 10y CAGR

10-Year DCF Model: EBITDA Exit

股價

972.00 INR

公允價值

966.64 INR

看漲

-3.4%

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	505	783	1,056	1,268	1,426	1,533	1,587	1,619	1,651	1,684	1,718
% Growth	76.1%	55.0%	35.0%	20.0%	12.5%	7.5%	3.5%	2.0%	2.0%	2.0%	2.0%

EBITDA	111	239	402	545	649	713	738	753	768	783	799
% of Revenue	22.0%	30.5%	38.0%	43.0%	45.5%	46.5%	46.5%	46.5%	46.5%	46.5%	46.5%

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		239	402	545	649	713	738	753	768	783	799
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0
D&A		(3)	(4)	(5)	(5)	(6)	(6)	(6)	(6)	(6)	(6)

EBIT		236	398	540	644	707	732	747	762	777	792
Pro forma Taxes		(42)	(72)	(97)	(116)	(127)	(132)	(134)	(137)	(140)	(143)
NOPAT	89	193	326	443	528	580	600	612	625	637	650

Capital Expenditures	(4)	(7)	(9)	(11)	(12)	(13)	(12)	(12)	(13)	(12)	(12)
NWC Investment	(26)	(33)	(33)	(25)	(19)	(13)	(6)	(4)	(4)	(4)	(4)
(+) D&A	2	3	4	5	5	6	6	6	6	6	6

Free Cash Flow	61	157	288	412	502	560	588	602	614	627	640
% Growth		156%	84%	43%	22%	12%	5%	2%	2%	2%	2%

載入錯誤

PNGS Gargi Fashion Jewellery Ltd

BSE:543709

印度 / 非必需消費品 / 特色產品零售

10 年 DCF EBITDA 退出價