Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Disa India Limited (DISAQ.BO)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$12,147.26 - $65,619.06$23,788.58
Multi-Stage$6,810.37 - $7,452.37$7,125.49
Blended Fair Value$15,457.03
Current Price$13,497.80
Upside14.52%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS132.16%57.74%199.43109.82259.949.972.482.962.962.542.612.61
YoY Growth--81.59%-57.75%2,506.90%302.78%-16.28%0.00%16.22%-2.63%0.00%25.00%
Dividend Yield--1.42%0.70%2.55%0.16%0.05%0.09%0.05%0.04%0.05%0.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)479.80
(-) Cash Dividends Paid (M)72.70
(=) Cash Retained (M)407.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)95.9659.9835.99
Cash Retained (M)407.10407.10407.10
(-) Cash Required (M)-95.96-59.98-35.99
(=) Excess Retained (M)311.14347.13371.12
(/) Shares Outstanding (M)1.451.451.45
(=) Excess Retained per Share213.97238.71255.21
LTM Dividend per Share49.9949.9949.99
(+) Excess Retained per Share213.97238.71255.21
(=) Adjusted Dividend263.96288.71305.20
WACC / Discount Rate7.79%7.79%7.79%
Growth Rate5.50%6.50%7.50%
Fair Value$12,147.26$23,788.58$65,619.06
Upside / Downside-10.01%76.24%386.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)479.80510.99544.20579.57617.25657.37677.09
Payout Ratio15.15%30.12%45.09%60.06%75.03%90.00%92.50%
Projected Dividends (M)72.70153.92245.39348.10463.12591.63626.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.79%7.79%7.79%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)141.45142.79144.13
Year 2 PV (M)207.24211.19215.18
Year 3 PV (M)270.17277.93285.83
Year 4 PV (M)330.33343.04356.10
Year 5 PV (M)387.81406.54425.99
PV of Terminal Value (M)8,566.318,980.079,409.66
Equity Value (M)9,903.3310,361.5610,836.89
Shares Outstanding (M)1.451.451.45
Fair Value$6,810.37$7,125.49$7,452.37
Upside / Downside-49.54%-47.21%-44.79%

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