Company Valuation: Subros Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 21,384 19,577 33,596 36,539 41,405 38,939 - -
Change - -8.45% 71.61% 8.76% 13.32% -5.96% - -
Enterprise Value (EV) 1 21,384 19,577 33,596 36,539 41,325 38,239 36,439 38,939
Change - -8.45% 71.61% 8.76% 13.1% -7.47% -4.71% 6.86%
P/E 65.6x 40.7x 34.4x 24.3x 25x 22.1x 16.3x 12.2x
PBR 2.6x 2.26x 3.52x 3.34x 3.33x 2.79x 2.4x 2.04x
PEG - 0.9x 0x 0.5x 2.5x 3.44x 0.5x 0.4x
Capitalization / Revenue 0.96x 0.7x 1.09x 1.09x 1.1x 0.92x 0.8x 0.72x
EV / Revenue 0.96x 0.7x 1.09x 1.09x 1.1x 0.9x 0.75x 0.72x
EV / EBITDA 14.4x 11.7x 13.2x 11.3x 12.7x 10.7x 8.01x 7x
EV / EBIT 46.1x 34.2x 24.4x 18.8x 20.7x 19.2x 13.7x 10.5x
EV / FCF 47.7x 64.8x 74.2x 64.2x -93.4x 50.6x 22.9x -
FCF Yield 2.1% 1.54% 1.35% 1.56% -1.07% 1.97% 4.37% -
Dividend per Share 2 0.7 1 1.8 2.6 - - - -
Rate of return 0.21% 0.33% 0.35% 0.46% - - - -
EPS 2 5 7.37 14.97 23.05 25.4 27.03 36.7 48.9
Distribution rate 14% 13.6% 12% 11.3% - - - -
Net sales 1 22,386 28,063 30,706 33,676 37,555 42,468 48,488 54,039
EBITDA 1 1,487 1,675 2,542 3,223 3,243 3,574 4,552 5,560
EBIT 1 463.8 572.2 1,377 1,942 1,994 1,993 2,662 3,719
Net income 1 325.9 480.8 976.6 1,504 1,658 1,766 2,394 3,193
Net Debt 1 - - - - -79.8 -700 -2,500 -
Reference price 2 327.80 300.10 515.00 560.10 634.70 596.90 596.90 596.90
Nbr of stocks (in thousands) 65,236 65,236 65,236 65,236 65,236 65,236 - -
Announcement Date 24/05/22 25/05/23 23/05/24 22/05/25 18/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.08x0.9x10.7x - 409M
18.35x2x10.98x1.6% 71.88B
15.19x1.05x8.1x2.46% 35.01B
11.93x0.56x4.94x3.97% 29.51B
12.15x0.52x3.7x4.83% 27.28B
7.12x0.41x5.31x2.13% 21.73B
15.56x2.64x9.38x3.89% 19.79B
10.28x0.48x4.73x3.1% 16.96B
20.64x0.84x10.2x3.44% 16.99B
28.41x1.14x11.97x0.64% 17.02B
Average 16.17x 1.05x 8.00x 2.9% 25.66B
Weighted average by Cap. 15.65x 1.23x 8.12x 2.71%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Subros Limited

Historical PBR trend

Valuation ratios - PBR - Subros Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Subros Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Subros Limited

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