The Discounted Cash Flow (DCF) valuation of Bhagyanagar Properties Ltd (BHAGYAPROP.NS) is 21.06 INR. With the latest stock price at 42.00 INR, the upside of Bhagyanagar Properties Ltd based on DCF is -49.9%.

Is BHAGYAPROP.NS a buy or a sell?

Based on the latest price of 42.00 INR and our DCF valuation, Bhagyanagar Properties Ltd (BHAGYAPROP.NS) is a sell. Selling BHAGYAPROP.NS stocks now will result in a potential gain of 49.9%.

	Range	Selected
WACC / Discount Rate	11.0% - 16.3%	13.7%
Long-term Growth Rate	2.5% - 4.5%	3.5%
Fair Price	15.63 - 32.62	21.06
Upside	-62.8% - -22.3%	-49.9%

42.00 INR

Stock Price

21.06 INR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

BHAGYAPROP.NS DCF Valuation: Revenue & Expenses Forecast

(INR in millions)		Projections

	03-2022	03-2023	03-2024	03-2025	03-2026	03-2027

Revenue	82	113	153	205	259	325
% Growth	64%	38%	35%	34%	26%	25%

Cost of goods sold	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Selling, G&A expenses	(9)	(12)	(17)	(22)	(28)	(35)
% of Revenue	11%	11%	11%	11%	11%	11%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(33)	(45)	(61)	(83)	(104)	(130)
% of Revenue	40%	40%	40%	40%	40%	40%

Tax expense	(2)	(4)	(5)	(7)	(9)	(11)
Tax rate	5%	7%	7%	7%	7%	7%

Net profit	38	52	70	94	118	148
% Margin	46%	46%	46%	46%	46%	46%