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 6/9/21 5/9/22 3/9/23 29/8/24 3/9/25 24/8/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 78.26M
15.03x1.76x8.63x1.84% 56.48B
18.98x2.51x9.93x2.82% 44.79B
34.68x6.09x18.42x0.68% 36.02B
30.2x4.62x15.67x0.8% 33.91B
34.01x3.36x17.88x1.14% 34.24B
11.69x1.4x6.56x2.63% 29.03B
16.09x2.02x8.18x1.36% 21.55B
66.76x4.14x64.15x0.35% 20.68B
16.43x5.18x10.66x2.58% 19.57B
Average 27.10x 3.45x 17.79x 1.58% 29.63B
Weighted average by Cap. 25.40x 3.29x 15.66x 1.64%

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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