CASE_Maharashtra State Road

Development Corporation_2017
Cost of Debt
% increase in toll
IRR
% increase in toll for
trucks
1.08 1.08
# Cars Car Toll # Trucks Truck Toll Daily Revenue

4000 100 2400 200 880,000.00

4320 100 2592 200 950,400.00
4666 100 2799 200 1,026,400.00
5039 118 3023 240 1,320,122.00
5442 118 3265 240 1,425,756.00
5877 118 3526 240 1,539,726.00
6347 140 3808 280 1,954,820.00
6855 140 4113 280 2,111,340.00
7403 140 4442 280 2,280,180.00
7995 165 4797 320 2,854,215.00
8635 165 5181 320 3,082,695.00
9326 165 5595 320 3,329,190.00
10072 195 6043 390 4,320,810.00
10878 195 6526 390 4,666,350.00
11748 195 7048 390 5,039,580.00
12688 230 7612 460 6,419,760.00
13703 230 8221 460 6,933,350.00
14799 230 8879 460 7,488,110.00
15983 265 9589 530 9,317,665.00
17262 265 10356 530 10,063,110.00
18643 265 11184 530 10,867,915.00
20134 300 12079 601 13,299,679.00
21745 300 13045 601 14,363,545.00
23485 300 14089 601 15,512,989.00
25364 335 15216 671 18,706,876.00
27393 335 16433 671 20,203,198.00
29584 335 17748 671 21,819,548.00
31951 371 19168 741 26,057,309.00
34507 371 20701 741 28,141,538.00
37268 371 22357 741 30,392,965.00
40249 406 24146 811 35,923,500.00
 6.00% Net Revenue for 30 years 56,901,304,240.00
18% Net Revenue for 32 years 79,666,813,965.00
11.305% 8,632,256,072.61

18% cost of debt<IRR Good

Annual Revenue
-12,000,000,000.00 Interest to be paid Free Cashflows
321,200,000.00 720,000,000.00 -398,800,000.00
346,896,000.00 720,000,000.00 -373,104,000.00
374,636,000.00 720,000,000.00 -345,364,000.00
481,844,530.00 720,000,000.00 -238,155,470.00
520,400,940.00 720,000,000.00 -199,599,060.00
561,999,990.00 720,000,000.00 -158,000,010.00
713,509,300.00 720,000,000.00 -6,490,700.00
770,639,100.00 720,000,000.00 50,639,100.00
832,265,700.00 720,000,000.00 112,265,700.00
1,041,788,475.00 720,000,000.00 321,788,475.00
1,125,183,675.00 720,000,000.00 405,183,675.00
1,215,154,350.00 720,000,000.00 495,154,350.00
1,577,095,650.00 720,000,000.00 857,095,650.00
1,703,217,750.00 720,000,000.00 983,217,750.00
1,839,446,700.00 720,000,000.00 1,119,446,700.00
2,343,212,400.00 720,000,000.00 1,623,212,400.00
2,530,672,750.00 720,000,000.00 1,810,672,750.00
2,733,160,150.00 720,000,000.00 2,013,160,150.00
3,400,947,725.00 720,000,000.00 2,680,947,725.00
3,673,035,150.00 720,000,000.00 2,953,035,150.00
3,966,788,975.00 720,000,000.00 3,246,788,975.00
4,854,382,835.00 720,000,000.00 4,134,382,835.00
5,242,693,925.00 720,000,000.00 4,522,693,925.00
5,662,240,985.00 720,000,000.00 4,942,240,985.00
6,828,009,740.00 720,000,000.00 6,108,009,740.00
7,374,167,270.00 720,000,000.00 6,654,167,270.00
7,964,135,020.00 720,000,000.00 7,244,135,020.00
9,510,917,785.00 720,000,000.00 8,790,917,785.00
10,271,661,370.00 720,000,000.00 9,551,661,370.00
11,093,432,225.00 720,000,000.00 10,373,432,225.00
13,112,077,500.00 720,000,000.00 12,392,077,500.00
92,001,295,905.00
PCUs Year

8800.00 2002
9504.00 2003
10264.00 2004
11085.00 2005
11972.00 2006
12929.00 2007
13963.00 2008
15081.00 2009
16287.00 2010
17589.00 2011
18997.00 2012
20516.00 2013
22158.00 2014
23930.00 2015
25844.00 2016
27912.00 2017
30145.00 2018
32557.00 2019
35161.00 2020
37974.00 2021
41011.00 2022
44292.00 2023
47835.00 2024
51663.00 2025
55796.00 2026
60259.00 2027
65080.00 2028
70287.00 2029
75909.00 2030
81982.00 2031
88541.00 2032
 1.247 0.001
18.41 1.476343% 544335 8036.252887
1.072 1.5271% 65756 1004.12847 23%
16.37
1 1004
2 1236.118608
3 1521.901607
4 1873.755873
5 2306.956674
6 2840.31083
7 3496.973177
8 4305.451809
9 5300.845715
10 6526.368553
11 8035.224713