Company Valuation: Ipca Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 270,385 205,589 313,934 381,038 406,231 453,877 - -
Change - -23.96% 52.7% 21.38% 6.61% 11.73% - -
Enterprise Value (EV) 1 275,070 201,870 325,349 391,231 408,673 442,053 430,217 423,046
Change - -26.61% 61.17% 20.25% 4.46% 8.17% -2.68% -1.67%
P/E 30.6x 43.6x 57.4x 51.6x 35.6x 32.5x 27.3x 23.3x
PBR 4.92x 2.58x 4.96x 5.48x 5.04x 4.82x 4.16x 3.49x
PEG - -0.9x 3.6x 1.5x 0.7x 1.5x 1.4x 1.4x
Capitalization / Revenue 4.64x 3.29x 4.07x 4.26x 4.21x 4.21x 3.78x 3.41x
EV / Revenue 4.72x 3.23x 4.22x 4.38x 4.24x 4.1x 3.58x 3.18x
EV / EBITDA 21x 21.8x 24.6x 22.7x 20.7x 18.8x 15.8x 13.6x
EV / EBIT 25.6x 30.3x 33.8x 29.5x 26.2x 23.4x 19.6x 16.5x
EV / FCF 72.9x 64.8x 60.9x 71.7x 83.5x 46.6x 39.1x 28.9x
FCF Yield 1.37% 1.54% 1.64% 1.4% 1.2% 2.15% 2.56% 3.46%
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% 0.32% 0.35% 0.35%
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 1,789.00 1,789.00 1,789.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.32x4.08x18.64x0.33% 4.7B
35.56x12.7x26.67x0.56% 1,068B
28.51x6.52x18.04x2.02% 641B
32.33x7.59x15.6x2.68% 454B
19.49x4.75x11.79x2.78% 351B
22.29x5.76x14.37x2.78% 299B
21.47x4.5x12.72x1.93% 266B
14.4x5.35x11.02x3.48% 220B
24.71x6.49x11.44x2.68% 203B
-47.03x5.64x31.15x2.53% 162B
Average 18.41x 6.34x 17.14x 2.18% 366.8B
Weighted average by Cap. 24.77x 7.96x 18.76x 1.95%

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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