Inside Logic
VALUATION
October 6, 2022
Net Present Value	₹            16,50,09,574
		2022	2023	2024
VALUATION		Year 1	Year 2	Year 3
EBIT	INR	15,90,188	2,81,38,955	6,69,76,576
(-) Taxes	INR	4,13,449	73,16,128	1,74,13,910
(-) Interests	INR	0	0	0
Net income	INR	11,76,739	2,08,22,826	4,95,62,666
(+) D&A	INR	0	0	0
Gross cash flow	INR	11,76,739	2,08,22,826	4,95,62,666
(-) Change in WC	INR	0	0	0
(-) CAPEX	INR	0	0	0
(+) Equity investment	INR	0	0	0
(+) Debt	INR	0	0	0
Free cash flow	INR	11,76,739	2,08,22,826	4,95,62,666
Exit value	INR			26,79,06,305
Discounted cash flow	INR	11,76,739	2,08,22,826	31,74,68,971