Dixon Technologies (India) Ltd

NSEI:DIXON

印度 / 非必需消費品 / 家居耐用品

綜觀

股息

5 年 DCF 收入退出價

股價

14,270.00 INR

公允價值

12,637.46 INR

Metrics	Range	Conclusion
Discount Rate	8.8% - 7.8%	8.3%
Terminal Revenue Multiple	0.8x - 0.9x	0.8x
Fair Value	₹11,840 - ₹13,461	₹12,637
Upside	-10.9% - 1.3%	-4.9%

45.4%

Revenue 5y CAGR

3.8%

5y Avg EBITDA Margin

Unlevered FCF 5y CAGR

5-Year DCF Model: Revenue Exit

股價

14,270.00 INR

公允價值

12,637.46 INR

看漲

-4.9%

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

Revenue	176,909	394,602	578,934	737,965	980,074	1,149,210
% Growth	45.1%	123.1%	46.7%	27.5%	32.8%	17.3%

EBITDA	6,642	14,974	21,927	28,679	36,214	42,968
% of Revenue	3.8%	3.8%	3.8%	3.9%	3.7%	3.7%

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

EBITDA		14,974	21,927	28,679	36,214	42,968
Other Income / (Exp)		0	0	0	0	0
D&A		(2,632)	(3,078)	(3,424)	(5,926)	(7,091)

EBIT		12,342	18,849	25,256	30,288	35,877
Pro forma Taxes		(3,086)	(4,712)	(6,314)	(7,572)	(8,969)
NOPAT	4,027	9,257	14,137	18,942	22,716	26,908

Capital Expenditures	(5,844)	(7,943)	(7,000)	(6,250)	(5,750)	(5,750)
NWC Investment	136	540	457	395	601	420
(+) D&A	1,273	2,632	3,078	3,424	5,926	7,091

Free Cash Flow	(408)	4,486	10,672	16,510	23,492	28,668
% Growth		NM	138%	55%	42%	22%

載入錯誤

Dixon Technologies (India) Ltd

NSEI:DIXON

印度 / 非必需消費品 / 家居耐用品

5 年 DCF 收入退出價