Intrinsic Valuation of: SJVN
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 2 Market Cap ₹304B
2021 - - (-) P/E Ratio 47 Total Asset ₹461B
2022 ₹-23B - (-) Net Income ₹8B Total Debt ₹262B
2023 ₹-52B -128.7% (-95.1%) EBITDA ₹24B Total Liab ₹319B
2024 ₹-43B 17.1% (9.0%) Opr Margin 52.79 Debt/Equity 1.85
2025 ₹-42B 3.6% (18.3%) PreTax Margin 32.42 BV/Share 35
5Y Average FCF ₹-40B -2.0% (-22.6%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 1.00% 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 (-2.0%)
2026 ₹0 MBG Intrinsic Value ₹15
2027 ₹0
2028 ₹0
2029 ₹0
2030 ₹0
2031 ₹0
Terminal Value ₹0 Net Worth/Share ₹36
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹0 Growth Rate
(+) Cash & Cash Equivalents ₹4B ₹-66 1.0% 1.2% 1.5% 1.8% 2.0%
(-) Total Debt ₹262B WACC 6.5% -66 -66 -66 -66 -66
Equity Value ₹-259B 7.1% -66 -66 -66 -66 -66
Shares Outstanding 3,929,795,175 7.8% -66 -66 -66 -66 -66
8.4% -66 -66 -66 -66 -66
DCF Intrinsic Value ₹-66 9.0% -66 -66 -66 -66 -66
Analyzed by QuantJuice (2025)