| Intrinsic Valuation of: IREDA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -136 | Market Cap | ₹395B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | ₹797B | |||||
| 2022 | ₹-53B | - (-) | Net Income | ₹17B | Total Debt | ₹523B | |||||
| 2023 | ₹-124B | -134.9% (-95.3%) | EBITDA | ₹40B | Total Liab | ₹695B | |||||
| 2024 | ₹-111B | 10.0% (37.8%) | Opr Margin | 0.63 | Debt/Equity | 5.09 | |||||
| 2025 | ₹-145B | -30.2% (4.8%) | PreTax Margin | 34.16 | BV/Share | 37 | |||||
| 5Y Average FCF | ₹-108B | -51.7% (-17.6%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹-112B | MBG Intrinsic Value | ₹-1,214 | ||||||||
| 2027 | ₹-117B | ||||||||||
| 2028 | ₹-122B | ||||||||||
| 2029 | ₹-126B | ||||||||||
| 2030 | ₹-131B | ||||||||||
| 2031 | ₹-137B | ||||||||||
| Terminal Value | ₹-2,843B | Net Worth/Share | ₹37 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-2,429B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹573M | ₹-1,051 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹523B | WACC | 7.3% | -947 | -1,002 | -1,069 | -1,150 | -1,254 | |||
| Equity Value | ₹-2,952B | 7.4% | -941 | -995 | -1,060 | -1,139 | -1,240 | ||||
| Shares Outstanding | 2,809,230,080 | 7.4% | -934 | -987 | -1,051 | -1,129 | -1,226 | ||||
| 7.9% | -875 | -919 | -970 | -1,032 | -1,109 | ||||||
| DCF Intrinsic Value | ₹-1,051 | 8.4% | -825 | -861 | -904 | -954 | -1,015 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||