Intrinsic Valuation of: TATAPOWER
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 12 Market Cap ₹1,301B
2021 - - (-) P/E Ratio 35 Total Asset ₹1,567B
2022 ₹-6B - (-) Net Income ₹40B Total Debt ₹441B
2023 ₹-5B 14.7% (34.1%) EBITDA ₹148B Total Liab ₹1,141B
2024 ₹-7B -50.2% (-34.6%) Opr Margin 15.07 Debt/Equity 1.04
2025 ₹-46B -523.4% (-487.1%) PreTax Margin 8.27 BV/Share 103
5Y Average FCF ₹-16B -2.0% (-162.5%)
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): 7.10% 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 ₹105
2027 ₹0
2028 ₹0
2029 ₹0
2030 ₹0
2031 ₹0
Terminal Value ₹0 Net Worth/Share ₹133
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹0 Growth Rate
(+) Cash & Cash Equivalents ₹49B ₹-123 1.0% 1.2% 1.5% 1.8% 2.0%
(-) Total Debt ₹441B WACC 6.5% -123 -123 -123 -123 -123
Equity Value ₹-393B 7.2% -123 -123 -123 -123 -123
Shares Outstanding 3,195,339,547 7.8% -123 -123 -123 -123 -123
8.4% -123 -123 -123 -123 -123
DCF Intrinsic Value ₹-123 9.1% -123 -123 -123 -123 -123
Analyzed by QuantJuice (2025)