| Intrinsic Valuation of: NTPC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 20 | Market Cap | ₹3,248B | |||||
| 2021 | - | - (-) | P/E Ratio | 16 | Total Asset | ₹5,242B | |||||
| 2022 | ₹173B | - (-) | Net Income | ₹234B | Total Debt | ₹2,011B | |||||
| 2023 | ₹223B | 28.8% (-2.9%) | EBITDA | ₹591B | Total Liab | ₹3,330B | |||||
| 2024 | ₹93B | -58.4% (-59.5%) | Opr Margin | 0.20 | Debt/Equity | 1.05 | |||||
| 2025 | ₹92B | -1.4% (-6.4%) | PreTax Margin | 12.52 | BV/Share | 189 | |||||
| 5Y Average FCF | ₹145B | -10.4% (-22.9%) | |||||||||
| 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 | ₹95B | MBG Intrinsic Value | ₹182 | ||||||||
| 2027 | ₹99B | ||||||||||
| 2028 | ₹103B | ||||||||||
| 2029 | ₹107B | ||||||||||
| 2030 | ₹111B | ||||||||||
| 2031 | ₹116B | ||||||||||
| Terminal Value | ₹2,408B | Net Worth/Share | ₹197 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,057B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹14B | ₹6 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹2,011B | WACC | 7.3% | -19 | -6 | 11 | 31 | 56 | |||
| Equity Value | ₹61B | 7.4% | -21 | -7 | 8 | 28 | 53 | ||||
| Shares Outstanding | 9,696,669,696 | 7.4% | -22 | -9 | 6 | 25 | 49 | ||||
| 7.9% | -37 | -26 | -13 | 2 | 20 | ||||||
| DCF Intrinsic Value | ₹6 | 8.4% | -49 | -40 | -30 | -17 | -3 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||