| Intrinsic Valuation of: JSWSTEEL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 91 | Market Cap | ₹3,121B | |||||
| 2021 | - | - (-) | P/E Ratio | 14 | Total Asset | ₹2,407B | |||||
| 2022 | ₹162B | - (-) | Net Income | ₹35B | Total Debt | ₹819B | |||||
| 2023 | ₹85B | -47.2% (-53.6%) | EBITDA | ₹222B | Total Liab | ₹1,591B | |||||
| 2024 | ₹-37B | -143.6% (-141.3%) | Opr Margin | 8.50 | Debt/Equity | 1.00 | |||||
| 2025 | ₹82B | 320.4% (328.3%) | PreTax Margin | 3.78 | BV/Share | 313 | |||||
| 5Y Average FCF | ₹73B | 15.0% (44.5%) | |||||||||
| 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): | 8.41% | 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 | ₹104B | MBG Intrinsic Value | ₹818 | ||||||||
| 2027 | ₹117B | ||||||||||
| 2028 | ₹129B | ||||||||||
| 2029 | ₹138B | ||||||||||
| 2030 | ₹145B | ||||||||||
| 2031 | ₹149B | ||||||||||
| Terminal Value | ₹2,570B | Net Worth/Share | ₹335 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,168B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹110B | ₹598 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹819B | WACC | 6.5% | 809 | 907 | 1,029 | 1,186 | 1,395 | |||
| Equity Value | ₹1,459B | 7.5% | 625 | 689 | 767 | 861 | 979 | ||||
| Shares Outstanding | 2,440,633,358 | 8.5% | 493 | 538 | 590 | 652 | 726 | ||||
| 9.4% | 394 | 427 | 465 | 508 | 559 | ||||||
| DCF Intrinsic Value | ₹598 | 10.4% | 317 | 341 | 369 | 401 | 437 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||