Company Valuation: Ipca Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 270,385 205,589 313,934 381,038 406,231 482,190 - -
Change - -23.96% 52.7% 21.38% 6.61% 18.7% - -
Enterprise Value (EV) 1 275,070 201,870 325,349 391,231 408,673 470,366 458,530 451,359
Change - -26.61% 61.17% 20.25% 4.46% 15.1% -2.52% -1.56%
P/E 30.6x 43.6x 57.4x 51.6x 35.6x 34.6x 29x 24.8x
PBR 4.92x 2.58x 4.96x 5.48x 5.04x 5.13x 4.42x 3.71x
PEG - -0.9x 3.6x 1.5x 0.7x 1.6x 1.5x 1.5x
Capitalization / Revenue 4.64x 3.29x 4.07x 4.26x 4.21x 4.48x 4.02x 3.63x
EV / Revenue 4.72x 3.23x 4.22x 4.38x 4.24x 4.37x 3.82x 3.39x
EV / EBITDA 21x 21.8x 24.6x 22.7x 20.7x 20x 16.8x 14.5x
EV / EBIT 25.6x 30.3x 33.8x 29.5x 26.2x 24.9x 20.9x 17.6x
EV / FCF 72.9x 64.8x 60.9x 71.7x 83.5x 49.6x 41.7x 30.8x
FCF Yield 1.37% 1.54% 1.64% 1.4% 1.2% 2.02% 2.4% 3.24%
Dividend per Share 2 8 4 4 2 6 5.792 6.258 6.25
Rate of return 0.75% 0.49% 0.32% 0.13% 0.37% 0.3% 0.33% 0.33%
EPS 2 34.85 18.58 21.57 29.08 44.98 54.99 65.61 76.72
Distribution rate 23% 21.5% 18.5% 6.88% 13.3% 10.5% 9.54% 8.15%
Net sales 1 58,298 62,443 77,050 89,396 96,463 107,687 120,078 132,985
EBITDA 1 13,073 9,268 13,212 17,261 19,786 23,560 27,251 31,158
EBIT 1 10,748 6,652 9,639 13,283 15,604 18,921 21,987 25,600
Net income 1 8,841 4,713 5,474 7,377 11,411 14,000 16,697 19,470
Net Debt 1 4,685 -3,720 11,415 10,193 2,442 -11,824 -23,660 -30,831
Reference price 2 1,065.75 810.35 1,237.40 1,501.90 1,601.20 1,900.60 1,900.60 1,900.60
Nbr of stocks (in thousands) 253,704 253,704 253,704 253,704 253,704 253,704 - -
Announcement Date 5/24/22 A 5/29/23 A 5/29/24 A 5/29/25 A 5/29/26 A - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.04x12.53x26.21x0.57% 1,051B
27.19x6.2x16.98x2.12% 609B
33.15x7.52x15.43x2.7% 450B
17.85x4.43x10.91x3% 330B
21.66x5.55x13.44x2.84% 284B
21.16x4.46x12.34x1.97% 263B
14.45x5.41x11.15x3.44% 223B
24.02x6.35x11.22x2.75% 198B
-48.37x5.78x31.95x2.42% 167B
Average 16.24x 6.47x 16.62x 2.42% 397.23B
Weighted average by Cap. 24.01x 7.82x 18.33x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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