1. Rs. Nos. Rs. Mln
Price Shares Equity Debt Cash
Educomp 4,286.35 17,313,157 74,210 3,672 543
Everonn 396.40 15,120,400 5,994 485 86
Edserv Softsyst 79.95 12,006,000 960 9 2
TARAhaat FY18 529 - 40
FY11
Current Case - Current Valuation: DCF, Future Valuation: Trailing Multiples
Enterprise Value (Exit) USD mln 529
Stake (Entry) % 11.70%
Value Of Stake (Exit) USD mln 61.884
Initial Investment (Entry) USD mln 3.553
CAGR % 42.93% 17.42
Modified Case - Current Valuation: Trailing Multiples, Future Valuation: Trailing Multiples
Enterprise Value (Exit) USD mln 569
Enterprise Value (Entry) USD mln 18
Stake (Entry) % 19.89%
Value Of Stake (Exit) USD mln 113.125
Initial Investment (Entry) USD mln 3.553
CAGR % 54.12% 31.84
Multi-year Exit Scenario
FY16 FY17 FY18
x Rev 10.39
Revenue (USD mln) 37 52 68
EV (USD mln) 384 538 710
Stake 11.70% 11.70% 11.70%
Investor Stake (USD mln) 45 63 83
Investment $ 3.553 3.553 3.553
CAGR 66% 78% 88%

2. FY09 FY09 FY09 FY09 FY09
Mln Rs. Mln Multiples
EV Revenue EBIDTA NP Revenue EBIDTA
77,339 6,371 3,111 1,403 12.14 24.86
6,393 1,447 512 221 4.42 12.48
967 84 51 37 11.44 18.91
Mean 9.33 18.75
Median 11.44 18.91
569 63 26 17 592 491
17.87 1.72 726 495
ing Multiples

3. FY09
Multiples
NP
55.11
28.95
26.19
36.75
28.95
620
489