Company Valuation: McLeod Russel India Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 208.9 1,995 2,382 1,765 2,496 3,525
Change - 855% 19.37% -25.88% 41.42% 41.21%
Enterprise Value (EV) 1 23,258 23,638 23,019 21,266 21,389 22,457
Change - 1.63% -2.62% -7.62% 0.58% 4.99%
P/E -0.14x -3.8x -1.32x -0.17x -0.8x -1.78x
PBR 0.01x 0.11x 0.14x 0.31x 1x 6.22x
PEG - 0.1x -0x -0x 0x 0x
Capitalization / Revenue 0.02x 0.14x 0.18x 0.13x 0.22x 0.3x
EV / Revenue 2.04x 1.64x 1.7x 1.55x 1.88x 1.89x
EV / EBITDA 53.7x 12.3x 33.7x 22.3x -20.1x 110x
EV / EBIT -74.7x 22.4x -974x 76.5x -12.4x -55.1x
EV / FCF 22.1x 13.4x 25.6x 11.3x 20.8x 40.5x
FCF Yield 4.52% 7.44% 3.91% 8.86% 4.82% 2.47%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -14.15 -5.02 -17.32 -101.1 -29.83 -18.94
Distribution rate - - - - - -
Net sales 1 11,427 14,384 13,558 13,696 11,359 11,854
EBITDA 1 433.2 1,915 683.1 955.7 -1,062 203.5
EBIT 1 -311.4 1,054 -23.64 277.8 -1,718 -407.5
Net income 1 -1,478 -523.9 -1,809 -10,565 -3,116 -1,979
Net Debt 1 23,049 21,643 20,638 19,501 18,892 18,931
Reference price 2 2.00 19.10 22.80 16.90 23.90 33.75
Nbr of stocks (in thousands) 104,456 104,456 104,456 104,456 104,456 104,456
Announcement Date 08/12/20 26/11/21 08/09/22 07/09/23 06/09/24 04/09/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 56.58M
55.7x4.65x32.2x1.04% 11.34B
41.31x4.09x23.86x0.59% 1.64B
15.18x1.13x4.92x3.95% 1.36B
-24.76x - - - 797M
22.65x - - - 678M
Average 22.02x 3.29x 20.33x 1.86% 2.65B
Weighted average by Cap. 45.25x 4.26x 28.66x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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