Hi Harsh,
U mentioned Amara Raja on ur watchlist.Here’s my understanding of the valuation : -
Per recent con-call the co. generates 900crs. FCF before taking into account any sort of Capex or payouts. with maintenance capex of roughly 200 crs. that leaves out 700 crs. The co. gave guidance of 15% for next 5 yrs and ample growth opportunities for next 2-3 decades. Taking a conservative 2% growth against risk free 6% gives valuation of arnd 16000 crs. & the stock currently trades at a good 30% discount to it.
This is a very rudimentary valuation based on wat I cld analyse abt the co. so far. Would like to hear ur views.