Intrinsic Valuation of: SAIL
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 7 Market Cap ₹795B
2021 - - (-) P/E Ratio 29 Total Asset ₹1,364B
2022 ₹273B - (-) Net Income ₹24B Total Debt ₹101B
2023 ₹-92B -133.7% (-133.4%) EBITDA ₹117B Total Liab ₹775B
2024 ₹-18B 80.5% (80.6%) Opr Margin 5.31 Debt/Equity 0.17
2025 ₹37B 305.2% (310.9%) PreTax Margin 2.60 BV/Share 143
5Y Average FCF ₹50B 15.0% (86.0%)
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): 8.79% 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 ₹83B MBG Intrinsic Value ₹60
2027 ₹94B
2028 ₹103B
2029 ₹111B
2030 ₹116B
2031 ₹119B
Terminal Value ₹1,935B Net Worth/Share ₹143
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹1,630B Growth Rate
(+) Cash & Cash Equivalents ₹3B ₹371 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹101B WACC 6.8% 467 508 558 621 704
Equity Value ₹1,532B 7.8% 388 415 447 486 533
Shares Outstanding 4,130,525,289 8.8% 330 349 371 397 427
9.8% 286 300 316 334 355
DCF Intrinsic Value ₹371 10.8% 251 262 274 287 302
Analyzed by QuantJuice (2025)