The brief: build an investor-grade, three-statement financial model and DCF valuation for AVG Logistics across its business verticals.
What we delivered: a linked three-statement model (FY22A–FY31E) with a full CAPM-based cost-of-capital build and a discounted cash flow valuation. The balance sheet reconciles to zero in every forecast year.
The build: risk-free rate 6.85% + Beta 1.20 × equity risk premium 7.5% + size premium 1.5% = cost of equity 17.35%; WACC 15.30%; Enterprise Value ~INR 935 Cr; Equity Value ~INR 825 Cr; implied ~INR 66 per share.
Why it matters: a model is only credible if it balances and the assumptions are auditable. This one does both — the WACC is built from first principles, not assumed.
Note: historical actuals are calibrated approximations; swap in filed FY22–FY25 figures from BSE before circulating externally.
Download the AVG Logistics model (XLSX)
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AVG Logistics Financial Model & DCF Valuation: A Three-Statement Build