Company Valuation: Amal Ltd

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 905.3 3,604 3,883 2,243 4,360 8,272
Change - 298.07% 7.74% -42.22% 94.35% 89.73%
Enterprise Value (EV) 1 796.9 3,464 4,392 2,562 4,585 8,045
Change - 334.63% 26.8% -41.66% 78.93% 75.47%
P/E 9.85x 41x 350x -10.6x 287x 28.2x
PBR 3.55x 10.5x 11x 3.28x 6.24x 8.34x
PEG - -9.56x -4x 0x -3x 0x
Capitalization / Revenue 2.78x 11.8x 8.93x 3.66x 5.06x 6.11x
EV / Revenue 2.44x 11.4x 10.1x 4.18x 5.33x 5.95x
EV / EBITDA 5.71x 30.8x 111x -45.7x 29.8x 18.5x
EV / EBIT 6.08x 33.6x 195x -20.8x 72.4x 23.3x
EV / FCF 7.06x 72.6x -7.01x -12.9x 220x 23.4x
FCF Yield 14.2% 1.38% -14.3% -7.73% 0.45% 4.26%
Dividend per Share 2 - - - - - 1
Rate of return - - - - - 0.15%
EPS 2 9.752 9.334 1.177 -17.05 1.228 23.69
Distribution rate - - - - - 4.22%
Net sales 1 326 304.2 434.8 613.2 860.9 1,353
EBITDA 1 139.6 112.5 39.49 -56.05 153.6 435.1
EBIT 1 131.1 103 22.55 -123 63.33 344.7
Net income 1 91.92 87.98 11.09 -161 17.05 292.9
Net Debt 1 -108.3 -140 509.3 319.2 225.3 -226.4
Reference price 2 96.05 382.35 411.95 181.45 352.65 669.10
Nbr of stocks (in thousands) 9,425 9,425 9,425 12,363 12,363 12,363
Announcement Date 7/22/20 A 8/25/21 A 7/29/22 A 8/14/23 A 8/13/24 A 8/6/25 A
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 73.35M
28.37x4.36x14.06x2% 127B
19.38x5.01x28.56x3.3% 45.54B
51.82x1.34x8.28x6.07% 41.91B
11.83x1.15x6.56x2.54% 31.46B
9.6x2.81x6.98x4.63% 22.21B
25.77x - - 1.54% 22.19B
35.91x2.82x15.94x0.35% 20.86B
19.67x2.87x11.55x0.61% 18.63B
11.03x0.94x8.26x3.59% 18.42B
Average 23.71x 2.66x 12.52x 2.74% 34.88B
Weighted average by Cap. 26.23x 3.27x 13.79x 2.76%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA