Company Valuation: ADAI POWE

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2024 2025 2026 2027 2028 2029
Market Cap 1 713,919 2,058,834 1,964,339 2,900,997 4,277,152 - -
Change - - -4.59% 47.68% 47.44% - -
Enterprise Value (EV) 1 713,919 2,058,834 1,964,339 3,378,436 4,902,203 5,146,128 5,317,633
Change - - -4.59% 71.99% 45.1% 4.98% 3.33%
P/E - 10.3x 15.8x 22.7x 31.6x 26.1x 24.1x
PBR - - 3.49x 4.47x 5.33x 4.5x 4.06x
PEG - - -0.4x 9.41x 5.24x 1.2x 2.93x
Capitalization / Revenue 2.58x - 3.5x 5.35x 6.73x 5.8x 4.82x
EV / Revenue 2.58x - 3.5x 6.23x 7.71x 6.98x 5.99x
EV / EBITDA 7.27x - 9.22x 17.1x 20x 17x 15x
EV / EBIT 10.7x - 11.6x 22.2x 24.8x 21.3x 20.9x
EV / FCF 10.5x - 19.8x -119x -121x -86.9x -80.6x
FCF Yield 9.52% - 5.06% -0.84% -0.83% -1.15% -1.24%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 - 10.32 6.464 6.62 7.02 8.505 9.205
Distribution rate - - - - - - -
Net sales 1 277,112 - 562,031 542,405 635,522 737,431 888,000
EBITDA 1 98,142 - 213,054 198,061 244,891 301,885 354,931
EBIT 1 66,966 - 169,966 152,416 197,439 241,444 254,268
Net income 1 49,116 208,288 129,388 128,343 135,619 164,210 164,866
Net Debt 1 - - - 477,440 625,051 868,976 1,040,480
Reference price 2 37.02 106.76 101.86 150.43 221.79 221.79 221.79
Nbr of stocks (in thousands) 19,284,695 19,284,695 19,284,695 19,284,695 19,284,695 - -
Announcement Date 5/5/22 5/1/24 4/30/25 4/29/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.64x2.93x11.14x2.51% 36.3B
16.51x5.4x11.21x0.02% 16.55B
14.54x4.65x8.35x3.75% 15.83B
7.19x2.83x7.62x5.67% 11.52B
33.51x4.68x10.83x3.77% 8.13B
9.83x1.43x8.54x5.51% 7.46B
4.67x0.57x3.48x4.84% 4.49B
16.74x - - 2.65% 4.71B
Average 14.95x 3.21x 8.74x 3.59% 13.12B
Weighted average by Cap. 15.58x 3.52x 9.74x 3.07%

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