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 3,925,592 - -
Change - - -4.59% 47.68% 35.32% - -
Enterprise Value (EV) 1 713,919 2,058,834 1,964,339 3,378,436 4,500,653 4,782,893 4,966,073
Change - - -4.59% 71.99% 33.22% 6.27% 3.83%
P/E - 10.3x 15.8x 22.7x 31.9x 25.2x 22.8x
PBR - - 3.49x 4.47x 4.95x 4.21x 3.68x
PEG - - -0.4x 9.41x -8.63x 0.9x 2.2x
Capitalization / Revenue 2.58x - 3.5x 5.35x 6.26x 5.48x 4.61x
EV / Revenue 2.58x - 3.5x 6.23x 7.18x 6.68x 5.83x
EV / EBITDA 7.27x - 9.22x 17.1x 19.2x 16.6x 14.3x
EV / EBIT 10.7x - 11.6x 22.2x 23.9x 21.2x 18.8x
EV / FCF 10.5x - 19.8x -119x -87.6x -36x -40.1x
FCF Yield 9.52% - 5.06% -0.84% -1.14% -2.78% -2.5%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 - 10.32 6.464 6.62 6.375 8.091 8.923
Distribution rate - - - - - - -
Net sales 1 277,112 - 562,031 542,405 626,731 716,205 852,209
EBITDA 1 98,142 - 213,054 198,061 233,862 287,891 347,843
EBIT 1 66,966 - 169,966 152,416 188,147 225,851 264,798
Net income 1 49,116 208,288 129,388 128,343 123,203 154,100 167,164
Net Debt 1 - - - 477,440 575,060 857,301 1,040,480
Reference price 2 37.02 106.76 101.86 150.43 203.56 203.56 203.56
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.($)
32.19x7.23x19.38x-.--% 41.39B
14.94x2.88x10.71x2.74% 34.48B
22.18x5.78x12.2x-.--% 17.38B
14.85x4.76x8.59x3.7% 16.35B
7.45x2.86x7.7x5.47% 11.93B
4.39x0.65x3.02x2.96% 7.77B
55.81x4.31x10.23x4.14% 7.62B
10.09x1.46x8.15x4.66% 7.53B
Average 20.24x 3.74x 10.00x 2.96% 18.06B
Weighted average by Cap. 21.46x 4.57x 12.32x 2.15%

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