| Intrinsic Valuation of: JSWSTEEL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 14 | Market Cap | ₹2,513B | |||||
| 2021 | - | - (-) | P/E Ratio | 71 | Total Asset | ₹2,407B | |||||
| 2022 | ₹162B | - (-) | Net Income | ₹35B | Total Debt | ₹820B | |||||
| 2023 | ₹85B | -47.2% (-53.6%) | EBITDA | ₹228B | Total Liab | ₹1,591B | |||||
| 2024 | ₹-37B | -143.6% (-141.3%) | Opr Margin | 0.08 | Debt/Equity | 1.00 | |||||
| 2025 | ₹82B | 320.4% (328.3%) | PreTax Margin | 3.11 | BV/Share | 313 | |||||
| 5Y Average FCF | ₹73B | 43.2% (44.5%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹103B | MBG Intrinsic Value | ₹129 | ||||||||
| 2027 | ₹128B | ||||||||||
| 2028 | ₹160B | ||||||||||
| 2029 | ₹200B | ||||||||||
| 2030 | ₹250B | ||||||||||
| 2031 | ₹313B | ||||||||||
| Terminal Value | ₹6,508B | Net Worth/Share | ₹335 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹5,098B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹117B | ₹1,801 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹820B | WACC | 7.3% | 1,528 | 1,673 | 1,848 | 2,063 | 2,335 | |||
| Equity Value | ₹4,395B | 7.4% | 1,511 | 1,653 | 1,824 | 2,034 | 2,299 | ||||
| Shares Outstanding | 2,440,480,000 | 7.4% | 1,494 | 1,633 | 1,801 | 2,006 | 2,263 | ||||
| 7.9% | 1,341 | 1,455 | 1,591 | 1,755 | 1,955 | ||||||
| DCF Intrinsic Value | ₹1,801 | 8.4% | 1,209 | 1,305 | 1,418 | 1,550 | 1,710 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||