Company Valuation: Modison Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,524 2,147 1,733 3,805 3,986 3,764
Change - 40.89% -19.24% 119.49% 4.78% -5.58%
Enterprise Value (EV) 1 1,637 2,278 1,779 4,114 4,710 5,505
Change - 39.13% -21.9% 131.28% 14.49% 16.88%
P/E 6.79x 14.7x 15.5x 17.8x 16.2x 5.19x
PBR 0.93x 1.22x 0.93x 1.87x 1.84x 1.37x
PEG - -0.4x -0.7x 0.2x 1x 0x
Capitalization / Revenue 0.52x 0.63x 0.52x 0.94x 0.81x 0.53x
EV / Revenue 0.56x 0.67x 0.53x 1.02x 0.96x 0.78x
EV / EBITDA 4.08x 7.48x 7.22x 12.6x 10.4x 4.64x
EV / EBIT 4.81x 9.54x 9.7x 15.5x 12.6x 5.05x
EV / FCF 9.94x -689x 23.9x -18.9x -10.9x -5.64x
FCF Yield 10.1% -0.15% 4.18% -5.28% -9.15% -17.7%
Dividend per Share 2 1.5 1 1 2.5 3.5 5.5
Rate of return 3.19% 1.51% 1.87% 2.13% 2.85% 4.74%
EPS 2 6.91 4.509 3.44 6.58 7.606 22.35
Distribution rate 21.7% 22.2% 29.1% 38% 46% 24.6%
Net sales 1 2,921 3,395 3,347 4,046 4,902 7,103
EBITDA 1 400.9 304.3 246.3 327.5 454.5 1,186
EBIT 1 340.6 238.8 183.4 264.8 374.5 1,090
Net income 1 224.4 146.3 111.8 213.6 246.8 725.4
Net Debt 1 113.5 131 45.22 309 723.5 1,741
Reference price 2 46.95 66.15 53.42 117.25 122.85 116.00
Nbr of stocks (in thousands) 32,450 32,450 32,450 32,450 32,450 32,450
Announcement Date 09/07/21 08/06/22 27/06/23 04/07/24 11/08/25 29/06/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 163M
8.75x1.84x4.81x7.27% 58.5B
13.49x1.5x7.8x0.89% 55.91B
16.55x0.85x7.07x0.93% 46.91B
14.13x2.37x5.39x4.31% 34.27B
14.12x1.54x8.94x0.89% 33.55B
20.36x1.8x9.97x0.57% 30.96B
12.77x1.14x6.92x2.35% 22.65B
11.53x0.75x6.66x3.71% 21.19B
17.22x1.24x11.27x1.24% 20.23B
Average 14.32x 1.45x 7.65x 2.46% 32.43B
Weighted average by Cap. 13.92x 1.50x 7.31x 2.69%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Modison Limited

Historical PBR trend

Valuation ratios - PBR - Modison Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Modison Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Modison Limited

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