| Intrinsic Valuation of: ADANIPOWER | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 7 | Market Cap | ₹4,268B | |||||
| 2022 | - | - (-) | P/E Ratio | 33 | Total Asset | ₹1,423B | |||||
| 2023 | ₹52B | - (-) | Net Income | ₹128B | Total Debt | ₹428B | |||||
| 2024 | ₹116B | 123.0% (69.4%) | EBITDA | ₹234B | Total Liab | ₹759B | |||||
| 2025 | ₹99B | -14.1% (-23.5%) | Opr Margin | 28.10 | Debt/Equity | 0.65 | |||||
| 2026 | ₹-28B | -128.5% (-129.6%) | PreTax Margin | 21.89 | BV/Share | 34 | |||||
| 5Y Average FCF | ₹60B | 5.5% (-27.9%) | |||||||||
| 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): | 7.08% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (5.5%) | ||||||||||
| 2027 | ₹94B | MBG Intrinsic Value | ₹59 | ||||||||
| 2028 | ₹98B | ||||||||||
| 2029 | ₹103B | ||||||||||
| 2030 | ₹106B | ||||||||||
| 2031 | ₹110B | ||||||||||
| 2032 | ₹112B | ||||||||||
| Terminal Value | ₹2,506B | Net Worth/Share | ₹34 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,153B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹9B | ₹90 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹428B | WACC | 6.5% | 85 | 94 | 106 | 121 | 141 | |||
| Equity Value | ₹1,734B | 7.1% | 73 | 80 | 88 | 99 | 113 | ||||
| Shares Outstanding | 19,284,694,705 | 7.8% | 63 | 68 | 75 | 83 | 92 | ||||
| 8.4% | 55 | 59 | 64 | 70 | 78 | ||||||
| DCF Intrinsic Value | ₹90 | 9.1% | 48 | 52 | 56 | 61 | 66 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||