| Intrinsic Valuation of: ADANIPORTS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 58 | Market Cap | ₹4,136B | |||||
| 2022 | - | - (-) | P/E Ratio | 31 | Total Asset | ₹1,853B | |||||
| 2023 | ₹28B | - (-) | Net Income | ₹128B | Total Debt | ₹504B | |||||
| 2024 | ₹76B | 175.6% (115.1%) | EBITDA | ₹242B | Total Liab | ₹863B | |||||
| 2025 | ₹92B | 20.7% (5.8%) | Opr Margin | 44.75 | Debt/Equity | 0.51 | |||||
| 2026 | ₹50B | -45.1% (-56.8%) | PreTax Margin | 34.85 | BV/Share | 297 | |||||
| 5Y Average FCF | ₹61B | 15.0% (21.4%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.02% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2027 | ₹62B | MBG Intrinsic Value | ₹520 | ||||||||
| 2028 | ₹69B | ||||||||||
| 2029 | ₹76B | ||||||||||
| 2030 | ₹82B | ||||||||||
| 2031 | ₹86B | ||||||||||
| 2032 | ₹88B | ||||||||||
| Terminal Value | ₹1,993B | Net Worth/Share | ₹430 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,690B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹52B | ₹537 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹504B | WACC | 6.5% | 495 | 557 | 634 | 733 | 864 | |||
| Equity Value | ₹1,237B | 7.1% | 416 | 463 | 520 | 590 | 680 | ||||
| Shares Outstanding | 2,303,959,098 | 7.8% | 353 | 390 | 433 | 485 | 550 | ||||
| 8.4% | 302 | 331 | 364 | 405 | 453 | ||||||
| DCF Intrinsic Value | ₹537 | 9.0% | 259 | 282 | 309 | 341 | 378 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||