Discounted Cash Flow (DCF) Analysis Levered
Jindal Drilling & Industries Limite... (JINDRILL.NS)
264.3 ₹
+1.35 (+0.51%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1,489.40 | 2,073.94 | 2,161.96 | 3,978.55 | 4,198.60 | 5,595.13 | 7,456.17 | 9,936.23 | 13,241.19 | 17,645.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -666.50 | 76.83 | 516.77 | 1,911.60 | 1,957.30 | 867.50 | 1,156.05 | 1,540.57 | 2,052.99 | 2,735.86 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -70.03 | 76.92 | -5,042.62 | -55.50 | -1,926.20 | -3,150.15 | -4,197.95 | -5,594.26 | -7,455.02 | -9,934.69 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -736.53 | 153.75 | -4,525.85 | 1,856.10 | 31.10 | -2,282.65 | -3,041.90 | -4,053.69 | -5,402.02 | -7,198.83 |
Weighted Average Cost Of Capital
| Share price | $ 264.3 |
|---|---|
| Beta | 0.879 |
| Diluted Shares Outstanding | 28.98 |
| Cost of Debt | |
| Tax Rate | 25.54 |
| After-tax Cost of Debt | 2.65% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.679 |
| Total Debt | 2,203.50 |
| Total Equity | 7,659.68 |
| Total Capital | 9,863.18 |
| Debt Weighting | 22.34 |
| Equity Weighting | 77.66 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1,489.40 | 2,073.94 | 2,161.96 | 3,978.55 | 4,198.60 | 5,595.13 | 7,456.17 | 9,936.23 | 13,241.19 | 17,645.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -666.50 | 76.83 | 516.77 | 1,911.60 | 1,957.30 | 867.50 | 1,156.05 | 1,540.57 | 2,052.99 | 2,735.86 |
| Capital Expenditure | -70.03 | 76.92 | -5,042.62 | -55.50 | -1,926.20 | -3,150.15 | -4,197.95 | -5,594.26 | -7,455.02 | -9,934.69 |
| Free Cash Flow | -736.53 | 153.75 | -4,525.85 | 1,856.10 | 31.10 | -2,282.65 | -3,041.90 | -4,053.69 | -5,402.02 | -7,198.83 |
| WACC | ||||||||||
| PV LFCF | -1,559.10 | -1,949.78 | -2,438.36 | -3,049.36 | -3,813.47 | |||||
| SUM PV LFCF | -17,600.39 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.56 |
| Free cash flow (t + 1) | -7,342.81 |
| Terminal Value | -161,026.54 |
| Present Value of Terminal Value | -117,199.68 |
Intrinsic Value
| Enterprise Value | -134,800.07 |
|---|---|
| Net Debt | 2,203.10 |
| Equity Value | -137,003.17 |
| Shares Outstanding | 28.98 |
| Equity Value Per Share | -4,727.34 |