| Intrinsic Valuation of: IRFC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | ₹1,292B | |||||
| 2021 | - | - (-) | P/E Ratio | 19 | Total Asset | ₹4,888B | |||||
| 2022 | ₹-644B | - (-) | Net Income | ₹65B | Total Debt | ₹3,945B | |||||
| 2023 | ₹-286B | 55.6% (61.9%) | EBITDA | ₹145B | Total Liab | ₹4,362B | |||||
| 2024 | ₹79B | 127.7% (124.7%) | Opr Margin | 53.40 | Debt/Equity | 7.49 | |||||
| 2025 | ₹82B | 4.1% (2.0%) | PreTax Margin | 23.88 | BV/Share | 40 | |||||
| 5Y Average FCF | ₹-192B | 15.0% (62.9%) | |||||||||
| 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): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | ₹94B | MBG Intrinsic Value | ₹47 | ||||||||
| 2027 | ₹106B | ||||||||||
| 2028 | ₹116B | ||||||||||
| 2029 | ₹125B | ||||||||||
| 2030 | ₹131B | ||||||||||
| 2031 | ₹135B | ||||||||||
| Terminal Value | ₹3,052B | Net Worth/Share | ₹40 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,588B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹57B | ₹-99 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹3,945B | WACC | 6.5% | -112 | -95 | -74 | -48 | -13 | |||
| Equity Value | ₹-1,300B | 7.1% | -133 | -120 | -105 | -86 | -61 | ||||
| Shares Outstanding | 13,068,506,000 | 7.8% | -150 | -140 | -128 | -114 | -97 | ||||
| 8.4% | -163 | -156 | -147 | -136 | -123 | ||||||
| DCF Intrinsic Value | ₹-99 | 9.0% | -175 | -169 | -161 | -153 | -143 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||