Company Valuation: NCL Industries Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 7,760 8,040 8,056 8,345 8,248 6,719
Change - 3.61% 0.2% 3.59% -1.17% -18.54%
Enterprise Value (EV) 1 10,368 12,060 11,499 10,815 11,301 9,644
Change - 16.32% -4.65% -5.95% 4.5% -14.66%
P/E 5.34x 8.59x 18.2x 8.95x 32.7x 7.04x
PBR 1.17x 1.09x 1.05x 0.98x 0.96x 0.71x
PEG - -0.2x -0.3x 0x -0.4x 0x
Capitalization / Revenue 0.56x 0.49x 0.5x 0.45x 0.58x 0.47x
EV / Revenue 0.75x 0.74x 0.71x 0.58x 0.8x 0.68x
EV / EBITDA 3.68x 5.84x 7.27x 4.91x 9.4x 4.7x
EV / EBIT 4.37x 7.55x 10.5x 6.59x 17.6x 6.46x
EV / FCF 7.69x -8.29x 15.2x 12x -30.7x 48.4x
FCF Yield 13% -12.1% 6.57% 8.33% -3.26% 2.07%
Dividend per Share 2 4 3 3 4 3 3.5
Rate of return 2.33% 1.69% 1.68% 2.17% 1.65% 2.36%
EPS 2 32.16 20.69 9.791 20.61 5.571 21.09
Distribution rate 12.4% 14.5% 30.6% 19.4% 53.9% 16.6%
Net sales 1 13,837 16,334 16,097 18,714 14,108 14,221
EBITDA 1 2,817 2,064 1,583 2,203 1,202 2,051
EBIT 1 2,374 1,597 1,091 1,642 642.8 1,493
Net income 1 1,454 943.5 442.9 932.2 252 953.9
Net Debt 1 2,608 4,020 3,443 2,469 3,053 2,924
Reference price 2 171.55 177.75 178.10 184.50 182.35 148.55
Nbr of stocks (in thousands) 45,233 45,233 45,233 45,233 45,233 45,233
Announcement Date 9/6/21 A 9/5/22 A 9/3/23 A 8/29/24 A 9/3/25 A 8/24/26 A
1INR in Million2INR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.1x1.68x8.2x1.95% 53.32B
17.63x2.42x9.62x2.93% 42.6B
33.07x5.77x17.26x0.73% 33.55B
32.24x3.34x17.15x1.04% 33.31B
27.75x4.32x14.56x0.86% 31.56B
11.26x1.36x6.36x2.73% 27.94B
19.56x6.14x12.83x2.29% 22.8B
66.61x4.17x64.52x0.34% 20.81B
14.76x1.87x7.58x1.48% 19.76B
Average 26.33x 3.45x 17.56x 1.59% 31.74B
Weighted average by Cap. 24.51x 3.28x 15.47x 1.68%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NCL Industries Limited

Historical PBR trend

Valuation ratios - PBR - NCL Industries Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NCL Industries Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NCL Industries Limited

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