| Intrinsic Valuation of: ADANIPOWER | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 32 | Market Cap | ₹2,281B | |||||
| 2021 | - | - (-) | P/E Ratio | 18 | Total Asset | ₹1,129B | |||||
| 2022 | ₹68B | - (-) | Net Income | ₹127B | Total Debt | ₹276B | |||||
| 2023 | ₹52B | -23.7% (-45.5%) | EBITDA | ₹240B | Total Liab | ₹552B | |||||
| 2024 | ₹116B | 123.0% (71.5%) | Opr Margin | 0.30 | Debt/Equity | 0.48 | |||||
| 2025 | ₹99B | -14.1% (-23.0%) | PreTax Margin | 24.30 | BV/Share | 146 | |||||
| 5Y Average FCF | ₹84B | 28.4% (1.0%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | ₹124B | MBG Intrinsic Value | ₹289 | ||||||||
| 2027 | ₹155B | ||||||||||
| 2028 | ₹194B | ||||||||||
| 2029 | ₹243B | ||||||||||
| 2030 | ₹303B | ||||||||||
| 2031 | ₹379B | ||||||||||
| Terminal Value | ₹7,885B | Net Worth/Share | ₹150 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹6,177B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹1,531 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹276B | WACC | 7.3% | 1,322 | 1,433 | 1,567 | 1,732 | 1,940 | |||
| Equity Value | ₹5,904B | 7.4% | 1,309 | 1,417 | 1,549 | 1,710 | 1,912 | ||||
| Shares Outstanding | 3,856,940,032 | 7.4% | 1,296 | 1,402 | 1,531 | 1,688 | 1,885 | ||||
| 7.9% | 1,178 | 1,266 | 1,370 | 1,496 | 1,649 | ||||||
| DCF Intrinsic Value | ₹1,531 | 8.4% | 1,077 | 1,151 | 1,237 | 1,339 | 1,461 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||