First of all apologies it was not 44 million but 44 cr.I tried finding cash flow from data which are shared in Q4 report. This was before annual report came out . Actual FCF for 2015 was 32 Cr and if you take last three avg FCF it comes out to be 39 cr.
with these Value per share comes (11% growth in FCF) out to be 1167 and with 50 % margin of safety -583
DCF is dangerous and very hard tool to value company …..you need to make assumptions and when there are regular capex it becomes more hard so only way out is averaging and using long term historical growth avgs. Ambika is more of consistent player so you can probably do this.
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