| Intrinsic Valuation of: TORNTPOWER | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 61 | Market Cap | ₹742B | |||||
| 2021 | - | - (-) | P/E Ratio | 24 | Total Asset | ₹366B | |||||
| 2022 | ₹14B | - (-) | Net Income | ₹30B | Total Debt | ₹73B | |||||
| 2023 | ₹4B | -73.0% (-85.1%) | EBITDA | ₹58B | Total Liab | ₹184B | |||||
| 2024 | ₹6B | 64.1% (53.4%) | Opr Margin | 0.13 | Debt/Equity | 0.40 | |||||
| 2025 | ₹5B | -21.1% (-26.5%) | PreTax Margin | 9.48 | BV/Share | 333 | |||||
| 5Y Average FCF | ₹7B | -10.0% (-19.4%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | ₹5B | MBG Intrinsic Value | ₹547 | ||||||||
| 2027 | ₹5B | ||||||||||
| 2028 | ₹5B | ||||||||||
| 2029 | ₹6B | ||||||||||
| 2030 | ₹6B | ||||||||||
| 2031 | ₹6B | ||||||||||
| Terminal Value | ₹125B | Net Worth/Share | ₹361 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹107B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹72 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹73B | WACC | 7.3% | 47 | 61 | 77 | 97 | 122 | |||
| Equity Value | ₹36B | 7.4% | 45 | 59 | 75 | 94 | 119 | ||||
| Shares Outstanding | 503,904,000 | 7.4% | 44 | 57 | 72 | 91 | 115 | ||||
| 7.9% | 29 | 40 | 53 | 68 | 87 | ||||||
| DCF Intrinsic Value | ₹72 | 8.4% | 17 | 26 | 36 | 49 | 64 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||