Company Valuation: Subros Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,112 21,384 19,577 33,596 36,539 47,521 - -
Change - 6.33% -8.45% 71.61% 8.76% 30.06% - -
Enterprise Value (EV) 1 20,112 21,384 19,577 33,596 36,539 41,325 46,821 45,021
Change - 6.33% -8.45% 71.61% 8.76% 13.1% -2.5% -3.84%
P/E 43.1x 65.6x 40.7x 34.4x 24.3x 25x 26.9x 19.8x
PBR 2.53x 2.6x 2.26x 3.52x 3.34x 3.33x 3.4x 2.93x
PEG - -2.2x 0.9x 0x 0.5x 2.5x 4.05x 0.6x
Capitalization / Revenue 1.11x 0.96x 0.7x 1.09x 1.09x 1.1x 1.12x 0.98x
EV / Revenue 1.11x 0.96x 0.7x 1.09x 1.09x 1.1x 1.1x 0.93x
EV / EBITDA 13.1x 14.4x 11.7x 13.2x 11.3x 12.7x 13.1x 9.89x
EV / EBIT 32.6x 46.1x 34.2x 24.4x 18.8x 20.7x 23.5x 16.9x
EV / FCF 13.9x 47.7x 64.8x 74.2x 64.2x -93.4x 62x 28.3x
FCF Yield 7.2% 2.1% 1.54% 1.35% 1.56% -1.07% 1.61% 3.54%
Dividend per Share 2 0.7 0.7 1 1.8 2.6 - - -
Rate of return 0.23% 0.21% 0.33% 0.35% 0.46% - - -
EPS 2 7.16 5 7.37 14.97 23.05 25.4 27.03 36.7
Distribution rate 9.78% 14% 13.6% 12% 11.3% - - -
Net sales 1 18,060 22,386 28,063 30,706 33,676 37,555 42,468 48,488
EBITDA 1 1,538 1,487 1,675 2,542 3,223 3,243 3,574 4,552
EBIT 1 616.6 463.8 572.2 1,377 1,942 1,994 1,993 2,662
Net income 1 467 325.9 480.8 976.6 1,504 1,658 1,766 2,394
Net Debt 1 - - - - - -79.8 -700 -2,500
Reference price 2 308.30 327.80 300.10 515.00 560.10 728.45 728.45 728.45
Nbr of stocks (in thousands) 65,236 65,236 65,236 65,236 65,236 65,236 - -
Announcement Date 6/29/21 A 5/24/22 A 5/25/23 A 5/23/24 A 5/22/25 A 5/18/26 A - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.51x1.27x9.64x1.99% 42.19B
16.07x0.7x5.14x3.62% 34.62B
10.59x0.65x8.3x1.4% 32.13B
12.32x0.59x5.11x3.78% 30.58B
15.04x2.73x9.41x4.05% 21.14B
10.62x0.51x4.97x2.92% 18.01B
31.09x1.22x12.98x0.59% 18.43B
13.26x1.36x7.02x4.12% 16.21B
47.16x5.16x36.03x0.77% 14.78B
Average 19.41x 1.58x 10.95x 2.58% 25.34B
Weighted average by Cap. 17.75x 1.33x 9.56x 2.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA