Intrinsic Valuation of: CGPOWER
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 7 Market Cap ₹1,093B
2021 - - (-) P/E Ratio 106 Total Asset ₹74B
2022 ₹4B - (-) Net Income ₹10B Total Debt ₹3M
2023 ₹9B 110.0% (64.6%) EBITDA ₹15B Total Liab ₹34B
2024 ₹8B -7.9% (-20.2%) Opr Margin 0.12 Debt/Equity 0.00
2025 ₹5B -34.8% (-47.2%) PreTax Margin 12.23 BV/Share 21
5Y Average FCF ₹6B 22.4% (-0.9%)
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 (22.4%)
2026 ₹6B MBG Intrinsic Value ₹59
2027 ₹8B
2028 ₹9B
2029 ₹12B
2030 ₹14B
2031 ₹17B
Terminal Value ₹362B Net Worth/Share ₹26
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹286B Growth Rate
(+) Cash & Cash Equivalents ₹4B ₹184 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹3M WACC 7.3% 161 173 188 207 230
Equity Value ₹290B 7.4% 159 171 186 204 227
Shares Outstanding 1,574,599,936 7.4% 158 170 184 202 224
7.9% 144 154 166 180 197
DCF Intrinsic Value ₹184 8.4% 133 141 151 163 176
Analyzed by QuantJuice (2025)