Company Valuation: Ipca Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 270,385 205,589 313,934 381,038 406,231 466,917 - -
Change - -23.96% 52.7% 21.38% 6.61% 14.94% - -
Enterprise Value (EV) 1 275,070 201,870 325,349 391,231 408,673 455,093 443,257 436,086
Change - -26.61% 61.17% 20.25% 4.46% 11.36% -2.6% -1.62%
P/E 30.6x 43.6x 57.4x 51.6x 35.6x 33.5x 28.1x 24x
PBR 4.92x 2.58x 4.96x 5.48x 5.04x 4.96x 4.28x 3.6x
PEG - -0.9x 3.6x 1.5x 0.7x 1.5x 1.5x 1.4x
Capitalization / Revenue 4.64x 3.29x 4.07x 4.26x 4.21x 4.34x 3.89x 3.51x
EV / Revenue 4.72x 3.23x 4.22x 4.38x 4.24x 4.23x 3.69x 3.28x
EV / EBITDA 21x 21.8x 24.6x 22.7x 20.7x 19.3x 16.3x 14x
EV / EBIT 25.6x 30.3x 33.8x 29.5x 26.2x 24.1x 20.2x 17x
EV / FCF 72.9x 64.8x 60.9x 71.7x 83.5x 47.9x 40.3x 29.8x
FCF Yield 1.37% 1.54% 1.64% 1.4% 1.2% 2.09% 2.48% 3.36%
Dividend per Share 2 8 4 4 2 6 5.792 6.258 6.25
Rate of return 0.75% 0.49% 0.32% 0.13% 0.37% 0.31% 0.34% 0.34%
EPS 2 34.85 18.58 21.57 29.08 44.98 55 65.61 76.72
Distribution rate 23% 21.5% 18.5% 6.88% 13.3% 10.5% 9.54% 8.15%
Net sales 1 58,298 62,443 77,050 89,396 96,463 107,687 120,078 132,985
EBITDA 1 13,073 9,268 13,212 17,261 19,786 23,560 27,251 31,158
EBIT 1 10,748 6,652 9,639 13,283 15,604 18,921 21,987 25,600
Net income 1 8,841 4,713 5,474 7,377 11,411 14,000 16,697 19,470
Net Debt 1 4,685 -3,720 11,415 10,193 2,442 -11,824 -23,660 -30,831
Reference price 2 1,065.75 810.35 1,237.40 1,501.90 1,601.20 1,840.40 1,840.40 1,840.40
Nbr of stocks (in thousands) 253,704 253,704 253,704 253,704 253,704 253,704 - -
Announcement Date 24/05/22 29/05/23 29/05/24 29/05/25 29/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.46x4.23x19.32x0.31% 4.86B
34.25x12.25x25.43x0.59% 1,028B
27.09x6.22x16.9x2.1% 611B
30.33x7.27x14.9x2.81% 432B
17.47x4.34x10.68x3.06% 323B
21.17x5.44x13.17x2.9% 277B
20.69x4.37x12.08x2.02% 257B
13.99x5.26x10.84x3.55% 217B
23.3x6.19x10.94x2.84% 192B
-46.85x5.61x31x2.5% 161B
Average 17.49x 6.12x 16.53x 2.27% 350.32B
Weighted average by Cap. 23.35x 7.66x 17.88x 2.04%

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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