Company Valuation: K.P.R. Mill Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 214,188 197,603 284,543 309,854 283,518 386,318 - -
Change - -7.74% 44% 8.9% -8.5% 36.26% - -
Enterprise Value (EV) 1 221,669 208,685 294,017 312,685 275,820 379,885 371,068 365,485
Change - -5.86% 40.89% 6.35% -11.79% 37.73% -2.32% -1.5%
P/E 25.4x 24.3x 35.3x 38x 32.7x 35.8x 30.9x 26.9x
PBR 6.72x 5.33x 6.53x 6.19x 4.98x 5.9x 5.12x 4.4x
PEG - -9.01x -33.62x 30.87x 5.2x 1.5x 1.9x 1.8x
Capitalization / Revenue 4.44x 3.19x 4.7x 4.85x 4.26x 5.06x 4.45x 4.02x
EV / Revenue 4.6x 3.37x 4.85x 4.89x 4.15x 4.97x 4.28x 3.81x
EV / EBITDA 18.2x 16.4x 23.8x 25.1x 21.8x 23.8x 20.4x 17.9x
EV / EBIT 20.6x 19x 28.1x 30.1x 26.2x 27.2x 23.3x 20.6x
EV / FCF -55.7x -402x 82.9x 25.4x 34.8x 78.8x 70.4x 47.5x
FCF Yield -1.8% -0.25% 1.21% 3.94% 2.88% 1.27% 1.42% 2.11%
Dividend per Share 2 0.15 2 5 2.5 5 5.9 6.643 6.025
Rate of return 0.02% 0.35% 0.6% 0.28% 0.6% 0.52% 0.59% 0.53%
EPS 2 24.47 23.81 23.56 23.85 25.35 31.6 36.63 42.08
Distribution rate 0.61% 8.4% 21.2% 10.5% 19.7% 18.7% 18.1% 14.3%
Net sales 1 48,225 61,859 60,597 63,879 66,504 76,420 86,780 96,027
EBITDA 1 12,187 12,744 12,367 12,460 12,673 15,932 18,202 20,462
EBIT 1 10,776 11,007 10,475 10,382 10,517 13,954 15,916 17,743
Net income 1 8,418 8,141 8,054 8,151 8,665 10,957 12,532 14,380
Net Debt 1 7,481 11,083 9,474 2,830 -7,698 -6,434 -15,250 -20,834
Reference price 2 622.55 578.10 832.45 906.50 829.45 1,130.20 1,130.20 1,130.20
Nbr of stocks (in thousands) 344,050 341,814 341,814 341,814 341,814 341,814 - -
Announcement Date 27/4/22 4/5/23 2/5/24 9/5/25 12/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.77x4.97x23.84x0.52% 4.04B
14.26x1.69x7.16x3.22% 2.11B
102.38x2.1x26.31x - 1.9B
23.62x1.43x12.36x0.71% 1.49B
25.6x - - 1.23% 1.28B
7.21x0.74x7.19x3.36% 1.28B
Average 34.81x 2.18x 15.37x 1.81% 2.02B
Weighted average by Cap. 36.90x 2.84x 17.48x 1.55%

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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