Discounted Cash Flow (DCF) Analysis Unlevered
Mohota Industries Limited (MOHOTAIND.NS)
4.9 ₹
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 3,516.74 | 2,988.02 | 1,110.54 | 78.35 | 10.96 | 3.92 | 1.40 | 0.50 | 0.18 | 0.06 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | 190.09 | 139.36 | -211.49 | -60.99 | -22.99 | -2.33 | -0.83 | -0.30 | -0.11 | -0.04 |
| EBITDA (%) | ||||||||||
| EBIT | 156.42 | 107.99 | -242.21 | -91.28 | -52.70 | -4.80 | -1.72 | -0.61 | -0.22 | -0.08 |
| EBIT (%) | ||||||||||
| Depreciation | 33.67 | 31.36 | 30.72 | 30.29 | 29.71 | 2.47 | 0.88 | 0.32 | 0.11 | 0.04 |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Total Cash | 11.09 | 13.01 | 2.04 | 4.56 | 13.42 | 1.01 | 0.36 | 0.13 | 0.05 | 0.02 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | - | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | ||||||||||
| Inventories | 521.88 | 536.10 | 35.66 | 17.86 | 11.53 | 1.29 | 0.46 | 0.16 | 0.06 | 0.02 |
| Inventories (%) | ||||||||||
| Accounts Payable | 257.87 | 270.83 | 316.20 | 302.39 | 301.49 | 24.96 | 8.94 | 3.20 | 1.14 | 0.41 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -9.97 | -1.75 | -0.40 | -0.10 | -0.01 | -0 | -0 | -0 | -0 | -0 |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 4.9 |
|---|---|
| Beta | 1.108 |
| Diluted Shares Outstanding | 14.71 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 5.07% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.761 |
| Total Debt | 864.63 |
| Total Equity | 72.09 |
| Total Capital | 936.72 |
| Debt Weighting | 92.30 |
| Equity Weighting | 7.70 |
| Wacc |
Build Up Free Cash
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 3,516.74 | 2,988.02 | 1,110.54 | 78.35 | 10.96 | 3.92 | 1.40 | 0.50 | 0.18 | 0.06 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 190.09 | 139.36 | -211.49 | -60.99 | -22.99 | -2.33 | -0.83 | -0.30 | -0.11 | -0.04 |
| EBIT | 156.42 | 107.99 | -242.21 | -91.28 | -52.70 | -4.80 | -1.72 | -0.61 | -0.22 | -0.08 |
| Tax Rate | 39.13% | 18.98% | 9.43% | 0.00% | 0.00% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% |
| EBIAT | 95.21 | 87.50 | -219.36 | -91.28 | -52.70 | -4.15 | -1.48 | -0.53 | -0.19 | -0.07 |
| Depreciation | 33.67 | 31.36 | 30.72 | 30.29 | 29.71 | 2.47 | 0.88 | 0.32 | 0.11 | 0.04 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | -14.22 | 500.44 | 17.80 | 6.33 | 10.24 | 0.83 | 0.30 | 0.11 | 0.04 |
| Accounts Payable | - | 12.96 | 45.37 | -13.81 | -0.90 | -276.52 | -16.03 | -5.74 | -2.05 | -0.74 |
| Capital Expenditure | -9.97 | -1.75 | -0.40 | -0.10 | -0.01 | -0 | -0 | -0 | -0 | -0 |
| UFCF | 118.90 | 115.86 | 356.76 | -57.10 | -17.58 | -267.97 | -15.81 | -5.66 | -2.03 | -0.72 |
| WACC | ||||||||||
| PV UFCF | -254.36 | -14.24 | -4.84 | -1.64 | -0.56 | |||||
| SUM PV UFCF | -275.64 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.35 |
| Free cash flow (t + 1) | -0.74 |
| Terminal Value | -22.07 |
| Present Value of Terminal Value | -17.01 |
Intrinsic Value
| Enterprise Value | -292.65 |
|---|---|
| Net Debt | 855.99 |
| Equity Value | -1,148.64 |
| Shares Outstanding | 14.71 |
| Equity Value Per Share | -78.07 |