| Intrinsic Valuation of: IREDA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 6 | Market Cap | ₹479B | |||||
| 2021 | - | - (-) | P/E Ratio | 30 | Total Asset | ₹626B | |||||
| 2022 | ₹-33B | - (-) | Net Income | ₹13B | Total Debt | ₹420B | |||||
| 2023 | ₹-53B | -61.4% (-48.4%) | EBITDA | ₹29B | Total Liab | ₹540B | |||||
| 2024 | ₹-124B | -134.9% (-95.3%) | Opr Margin | 0.54 | Debt/Equity | 4.91 | |||||
| 2025 | ₹-111B | 10.0% (37.8%) | PreTax Margin | 30.49 | BV/Share | 30 | |||||
| 5Y Average FCF | ₹-80B | -62.1% (-35.3%) | |||||||||
| 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 | ₹-83B | MBG Intrinsic Value | ₹51 | ||||||||
| 2027 | ₹-87B | ||||||||||
| 2028 | ₹-90B | ||||||||||
| 2029 | ₹-94B | ||||||||||
| 2030 | ₹-97B | ||||||||||
| 2031 | ₹-101B | ||||||||||
| Terminal Value | ₹-2,105B | Net Worth/Share | ₹30 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-1,799B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹742M | ₹-789 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹420B | WACC | 7.3% | -713 | -754 | -803 | -863 | -940 | |||
| Equity Value | ₹-2,218B | 7.4% | -708 | -748 | -796 | -855 | -929 | ||||
| Shares Outstanding | 2,809,230,080 | 7.4% | -703 | -742 | -789 | -847 | -919 | ||||
| 7.9% | -660 | -692 | -730 | -776 | -832 | ||||||
| DCF Intrinsic Value | ₹-789 | 8.4% | -622 | -649 | -681 | -718 | -763 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||