Company Valuation: Amal Ltd

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 3,604 3,883 2,243 4,360 8,272 5,108
Change - 7.74% -42.22% 94.35% 89.73% -38.25%
Enterprise Value (EV) 1 3,464 4,392 2,562 4,585 8,045 4,725
Change - 26.8% -41.66% 78.93% 75.47% -41.27%
P/E 41x 350x -10.6x 287x 28.2x 22.8x
PBR 10.5x 11x 3.28x 6.24x 8.34x 4.24x
PEG - -4x 0x -3x 0x -1x
Capitalization / Revenue 11.8x 8.93x 3.66x 5.06x 6.11x 2.13x
EV / Revenue 11.4x 10.1x 4.18x 5.33x 5.95x 1.97x
EV / EBITDA 30.8x 111x -45.7x 29.8x 18.5x 13.3x
EV / EBIT 33.6x 195x -20.8x 72.4x 23.3x 17.9x
EV / FCF 72.6x -7.01x -12.9x 220x 23.4x 48.8x
FCF Yield 1.38% -14.3% -7.73% 0.45% 4.26% 2.05%
Dividend per Share 2 - - - - 1 1.5
Rate of return - - - - 0.15% 0.36%
EPS 2 9.334 1.177 -17.05 1.228 23.69 18.11
Distribution rate - - - - 4.22% 8.28%
Net sales 1 304.2 434.8 613.2 860.9 1,353 2,396
EBITDA 1 112.5 39.49 -56.05 153.6 435.1 355.1
EBIT 1 103 22.55 -123 63.33 344.7 263.6
Net income 1 87.98 11.09 -161 17.05 292.9 223.8
Net Debt 1 -140 509.3 319.2 225.3 -226.4 -382.2
Reference price 2 382.35 411.95 181.45 352.65 669.10 413.15
Nbr of stocks (in thousands) 9,425 9,425 12,363 12,363 12,363 12,363
Announcement Date 25/8/21 29/7/22 14/8/23 13/8/24 6/8/25 22/7/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 88.62M
27.17x4.21x13.56x2.13% 122B
17.47x5.62x27.94x3.94% 59.28B
62.79x1.29x8.48x6.15% 37.71B
11.07x1.18x6.38x2.99% 32.37B
9.23x3.01x7.07x4.7% 24.18B
8.28x0.84x5.18x4.59% 19.44B
15.89x0.77x5.73x1.94% 18.68B
69.23x12.52x45.52x0.07% 18.36B
9.46x0.98x7.57x4.51% 16.93B
Average 25.62x 3.38x 14.16x 3.45% 34.87B
Weighted average by Cap. 26.33x 3.68x 14.84x 3.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA