| Intrinsic Valuation of: NTPC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 18 | Market Cap | ₹3,833B | |||||
| 2021 | - | - (-) | P/E Ratio | 22 | Total Asset | ₹5,242B | |||||
| 2022 | ₹173B | - (-) | Net Income | ₹234B | Total Debt | ₹2,011B | |||||
| 2023 | ₹223B | 28.8% (-2.9%) | EBITDA | ₹585B | Total Liab | ₹3,330B | |||||
| 2024 | ₹93B | -58.4% (-59.1%) | Opr Margin | 19.51 | Debt/Equity | 1.05 | |||||
| 2025 | ₹92B | -1.4% (-6.5%) | PreTax Margin | 12.75 | BV/Share | 189 | |||||
| 5Y Average FCF | ₹145B | 3.7% (-22.8%) | |||||||||
| 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): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.7%) | ||||||||||
| 2026 | ₹112B | MBG Intrinsic Value | ₹161 | ||||||||
| 2027 | ₹116B | ||||||||||
| 2028 | ₹119B | ||||||||||
| 2029 | ₹123B | ||||||||||
| 2030 | ₹126B | ||||||||||
| 2031 | ₹129B | ||||||||||
| Terminal Value | ₹2,934B | Net Worth/Share | ₹197 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,528B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹14B | ₹55 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹2,011B | WACC | 6.5% | 39 | 60 | 87 | 122 | 168 | |||
| Equity Value | ₹531B | 7.1% | 12 | 28 | 48 | 73 | 104 | ||||
| Shares Outstanding | 9,696,666,134 | 7.8% | -10 | 3 | 18 | 36 | 58 | ||||
| 8.4% | -28 | -18 | -6 | 8 | 25 | ||||||
| DCF Intrinsic Value | ₹55 | 9.0% | -43 | -35 | -25 | -14 | -1 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||