| Intrinsic Valuation of: NHPC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | ₹771B | |||||
| 2021 | - | - (-) | P/E Ratio | 49 | Total Asset | ₹1,027B | |||||
| 2022 | ₹9B | - (-) | Net Income | ₹30B | Total Debt | ₹377B | |||||
| 2023 | ₹-3B | -130.5% (-126.4%) | EBITDA | ₹90B | Total Liab | ₹575B | |||||
| 2024 | ₹3B | 204.4% (218.3%) | Opr Margin | 43.74 | Debt/Equity | 0.83 | |||||
| 2025 | ₹-38B | -1452.5% (-1306.3%) | PreTax Margin | 11.79 | BV/Share | 39 | |||||
| 5Y Average FCF | ₹-7B | 3.5% (-404.8%) | |||||||||
| 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): | 7.59% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.5%) | ||||||||||
| 2026 | ₹6B | MBG Intrinsic Value | ₹14 | ||||||||
| 2027 | ₹6B | ||||||||||
| 2028 | ₹6B | ||||||||||
| 2029 | ₹7B | ||||||||||
| 2030 | ₹7B | ||||||||||
| 2031 | ₹7B | ||||||||||
| Terminal Value | ₹140B | Net Worth/Share | ₹45 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹121B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹8B | ₹-25 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹377B | WACC | 6.5% | -24 | -23 | -21 | -20 | -17 | |||
| Equity Value | ₹-249B | 7.3% | -26 | -25 | -24 | -23 | -21 | ||||
| Shares Outstanding | 10,045,034,805 | 8.0% | -27 | -26 | -26 | -25 | -24 | ||||
| 8.8% | -28 | -28 | -27 | -26 | -26 | ||||||
| DCF Intrinsic Value | ₹-25 | 9.6% | -29 | -29 | -28 | -28 | -27 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||