Intrinsic Valuation of: SUZLON
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 2 Market Cap ₹738B
2021 - - (-) P/E Ratio 23 Total Asset ₹130B
2022 ₹12B - (-) Net Income ₹21B Total Debt ₹5B
2023 ₹4B -68.1% (-64.5%) EBITDA ₹18B Total Liab ₹69B
2024 ₹-1B -137.9% (-134.6%) Opr Margin 15.03 Debt/Equity 0.09
2025 ₹7B 588.0% (390.3%) PreTax Margin 14.05 BV/Share 4
5Y Average FCF ₹5B 15.0% (63.7%)
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 (15.0%)
2026 ₹8B MBG Intrinsic Value ₹21
2027 ₹10B
2028 ₹11B
2029 ₹11B
2030 ₹12B
2031 ₹12B
Terminal Value ₹244B Net Worth/Share ₹4
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹206B Growth Rate
(+) Cash & Cash Equivalents ₹9B ₹15 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹5B WACC 6.5% 16 18 19 22 25
Equity Value ₹210B 7.3% 14 15 16 18 20
Shares Outstanding 13,715,534,759 8.0% 12 13 14 15 16
8.8% 11 12 12 13 14
DCF Intrinsic Value ₹15 9.6% 10 10 11 12 12
Analyzed by QuantJuice (2025)