Intrinsic Valuation of: ADANIENT
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 74 Market Cap ₹3,723B
2022 - - (-) P/E Ratio 37 Total Asset ₹2,616B
2023 ₹29B - (-) Net Income ₹93B Total Debt ₹762B
2024 ₹-121B -515.4% (-649.4%) EBITDA ₹266B Total Liab ₹1,724B
2025 ₹-254B -110.4% (-107.0%) Opr Margin 7.82 Debt/Equity 0.85
2026 ₹-310B -22.3% (-19.1%) PreTax Margin 0.91 BV/Share 319
5Y Average FCF ₹-164B -2.0% (-258.5%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 1.00% Historical US Bond Yield: 4.40%
Discount Rate (WACC): 7.93% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (-2.0%)
2027 ₹28B MBG Intrinsic Value ₹659
2028 ₹28B
2029 ₹28B
2030 ₹28B
2031 ₹28B
2032 ₹28B
Terminal Value ₹410B Net Worth/Share ₹685
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹389B Growth Rate
(+) Cash & Cash Equivalents ₹63B ₹-238 1.0% 1.2% 1.5% 1.8% 2.0%
(-) Total Debt ₹762B WACC 6.5% -161 -147 -132 -115 -97
Equity Value ₹-310B 7.4% -211 -201 -191 -179 -167
Shares Outstanding 1,301,693,464 8.2% -249 -242 -234 -226 -217
9.1% -280 -274 -268 -262 -255
DCF Intrinsic Value ₹-238 9.9% -304 -300 -295 -291 -285
Analyzed by QuantJuice (2025)