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 46,392 - -
Change - -8.45% 71.61% 8.76% 13.32% 12.05% - -
Enterprise Value (EV) 1 21,384 19,577 33,596 36,539 41,325 45,692 43,892 46,392
Change - -8.45% 71.61% 8.76% 13.1% 10.57% -3.94% 5.7%
P/E 65.6x 40.7x 34.4x 24.3x 25x 26.3x 19.4x 14.5x
PBR 2.6x 2.26x 3.52x 3.34x 3.33x 3.32x 2.86x 2.44x
PEG - 0.9x 0x 0.5x 2.5x 4.09x 0.5x 0.4x
Capitalization / Revenue 0.96x 0.7x 1.09x 1.09x 1.1x 1.09x 0.96x 0.86x
EV / Revenue 0.96x 0.7x 1.09x 1.09x 1.1x 1.08x 0.91x 0.86x
EV / EBITDA 14.4x 11.7x 13.2x 11.3x 12.7x 12.8x 9.64x 8.34x
EV / EBIT 46.1x 34.2x 24.4x 18.8x 20.7x 22.9x 16.5x 12.5x
EV / FCF 47.7x 64.8x 74.2x 64.2x -93.4x 60.5x 27.6x -
FCF Yield 2.1% 1.54% 1.35% 1.56% -1.07% 1.65% 3.63% -
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 2 327.80 300.10 515.00 560.10 634.70 711.15 711.15 711.15
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.11x1.07x12.69x - 487M
18.4x1.25x9.65x2.02% 42.17B
15.87x0.69x5.07x3.61% 33.84B
12.29x0.58x5.1x3.79% 31.21B
9.03x0.54x6.92x1.66% 27.59B
15.19x2.76x9.49x3.99% 21.28B
30.15x1.19x12.6x0.61% 18.1B
10.52x0.5x4.92x2.95% 17.81B
13.41x1.37x7.07x4.08% 16.32B
46.18x5.05x35.28x0.78% 14.66B
Average 19.71x 1.50x 10.88x 2.61% 22.35B
Weighted average by Cap. 17.50x 1.32x 9.33x 2.68%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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