DCF Calculator India (2026) – Intrinsic Value & Fair Price Calculator

Calculate the intrinsic value of a company using the Discounted Cash Flow (DCF) model. Estimate future growth, terminal value, and find undervalued stocks in India for 2026.

Financial Insight: Estimate intrinsic value using DCF and compare it with market price to identify value-investing opportunities. Professional traders often verify these findings using a WACC Calculator and an Enterprise Value analysis for a 360-degree view.

Valuation Details

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PV of Cash Flows

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PV of Terminal Value

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Valuation Summary

Total Intrinsic Value

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Base FCF

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PV of 10-Year Cash Flows PV of Terminal Value
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Valuation Highlights

  • ✅ Uses 10-Year Projections
  • 📈 Gordon Growth Terminal Model
  • 🔄 Instant intrinsic value update
  • ⚡ Visual PV vs TV breakup

Amortized Cash Flow Schedule

See how the projected cash flows are discounted back to their present value over the next 10 years.

Year Projected CF Discount Factor Present Value

"This calculator uses standard corporate finance formulas followed by investment bankers and financial analysts in India."

How is DCF Fair Value Calculated?

Fair Value = Σ [CFn / (1 + r)n] + [TV / (1 + r)n]

CFn: Cash Flow in year n | r: Discount Rate (WACC)

TV: Terminal Value | n: Year Number

Equity cost: For Re, use the Cost of Equity Tool.

Debt cost: For Rd, use the Cost of Debt Tool.

Example DCF Calculation

If a company generates ₹1,00,000 FCF, grows at 15% for 10 years, and we use a 10% discount rate:
  • Total PV of Cash Flows: ₹12,71,324
  • Terminal Value PV: ₹26,98,421
  • Total Fair Value: ₹39,69,745

What is the Discounted Cash Flow (DCF) Model?

The Discounted Cash Flow (DCF) method is a valuation technique used to estimate the value of an investment based on its expected future cash flows. In the Indian stock market, it is widely considered the "gold standard" for calculating the intrinsic value of a company. To get the discount rate, factor in market risk with a Beta Calculator.

The core logic of DCF is the Time Value of Money. A Rupee today is worth more than a Rupee tomorrow. Therefore, we "discount" future cash flows back to their present value using a discount rate, often the Weighted Average Cost of Capital (WACC).

Our DCF Calculator India (2026) handles the complexities of growth projections and terminal value calculations. Always compare your results against a point-to-point CAGR or XIRR of the asset to see historical context.

How to Value a Stock Using Future Cash Projections and Find Undervalued Assets

When checking stock prices on market tickers, it is incredibly easy to get caught up in daily swings, news headlines, and emotional momentum. But buying a stock means you are purchasing an actual fraction of a living business. To know if you are paying a fair price, you need to strip away market noise and figure out the company's real intrinsic value—and that is exactly where the Discounted Cash Flow model shines.

How the DCF valuation process works in plain, simple terms:

  • Cash in Hand Beats a Promise: A company's real value comes down to the net cash it generates after paying for operations and factory upgrades, known as Free Cash Flow. Because a rupee earned ten years from now cannot buy what a rupee buys today, the model scales future projections down to match present-day purchasing power.
  • Projections Fade into Constant Horizons: Predicting explosive company growth forever is unrealistic. The calculation splits the timeline into two buckets: a clear ten-year roadmap where a company expands rapidly, and a forever stage called Terminal Value where the business settles into a stable, modest pace matching country growth.
  • Build a Vital Margin of Safety: Even the most precise spreadsheet projections are guesses about the future. Value investors protect their capital by applying a major discount corridor. If a stock's calculated fair value says ₹1,000, setting a 25% safety margin means you only pull the trigger if it trades below ₹750 in the open market.

Finding out what a company is fundamentally worth gives you the ultimate psychological edge over the broader market. Instead of reacting to stock fluctuations, you gain the confidence to buy assets when they are heavily discounted and sell them when they grow overly expensive. Balance your growth assumptions against real interest limits above to audit your favourite enterprises cleanly.

WACC vs Discount Rate – Which to Use?

Choosing the right discount rate is the most sensitive part of a DCF analysis. For most Indian stocks, a discount rate of 10% to 12% is used.

Factor Conservative Aggressive
Discount Rate 12% - 15% 8% - 10%
Growth Rate 5% - 10% 15% - 25%
Fair Value Result Lower Intrinsic Value Higher Intrinsic Value

How to Find Undervalued Stocks Faster?

Once you calculate the Intrinsic Value using our tool, compare it with the current market price of the stock:

Margin of Safety (MoS)

If Intrinsic Value is ₹1000 and Market Price is ₹700, you have a 30% MoS. This protects against errors in the long-term SIP model projections.

Buy Opportunity

Terminal Value Check

Ensure Terminal Growth is not higher than the country's GDP growth rate (usually 4-6% for India).

Prevent Overvaluation

DCF Frequently Asked Questions

What is a DCF Calculator?
A DCF calculator estimates the value of an investment based on its expected future cash flows, discounted back to their present value.
What is the Discount Rate in DCF?
The discount rate represents the required rate of return or the cost of capital (WACC). It accounts for the time value of money and risk.
Why is Terminal Value important in DCF?
Terminal value accounts for all future cash flows beyond the projection period (usually 10 years). It often makes up 60-80% of the total intrinsic value.
How does inflation affect DCF?
Inflation increases both the growth rate (due to price hikes) and the discount rate (due to higher interest rates). High inflation generally lowers DCF values.
What is the Gordon Growth Model?
It is a formula used to calculate terminal value, assuming the company will grow at a constant rate forever. Formula: TV = [CF_final * (1 + g)] / (r - g).
Is DCF suitable for all companies?
DCF works best for companies with stable cash flows. It is less effective for banks (due to high debt) or early-stage startups with negative FCF.
What is the Margin of Safety?
It is the difference between intrinsic value and market price. Investing only when market price is significantly lower than intrinsic value protects against valuation risks.
Can intrinsic value change daily?
No, intrinsic value is based on fundamentals. While market price fluctuates daily, intrinsic value only changes when business earnings or macro-economic rates shift.