| Intrinsic Valuation of: TORNTPOWER | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 48 | Market Cap | ₹739B | |||||
| 2021 | - | - (-) | P/E Ratio | 31 | 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% (55.0%) | Opr Margin | 13.34 | Debt/Equity | 0.40 | |||||
| 2025 | ₹5B | -21.1% (-26.5%) | PreTax Margin | 9.82 | BV/Share | 333 | |||||
| 5Y Average FCF | ₹7B | 14.8% (-18.9%) | |||||||||
| 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): | 8.26% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (14.8%) | ||||||||||
| 2026 | ₹6B | MBG Intrinsic Value | ₹429 | ||||||||
| 2027 | ₹7B | ||||||||||
| 2028 | ₹8B | ||||||||||
| 2029 | ₹8B | ||||||||||
| 2030 | ₹9B | ||||||||||
| 2031 | ₹9B | ||||||||||
| Terminal Value | ₹157B | Net Worth/Share | ₹361 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹133B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹124 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹73B | WACC | 6.5% | 178 | 207 | 242 | 287 | 348 | |||
| Equity Value | ₹63B | 7.4% | 127 | 146 | 169 | 196 | 231 | ||||
| Shares Outstanding | 503,903,543 | 8.4% | 90 | 103 | 119 | 137 | 159 | ||||
| 9.3% | 62 | 71 | 83 | 96 | 111 | ||||||
| DCF Intrinsic Value | ₹124 | 10.3% | 39 | 47 | 55 | 65 | 76 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||