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 4,120,368 - -
Change - - -4.59% 47.68% 42.03% - -
Enterprise Value (EV) 1 713,919 2,058,834 1,964,339 3,378,436 4,695,428 4,977,669 5,160,848
Change - - -4.59% 71.99% 38.98% 6.01% 3.68%
P/E - 10.3x 15.8x 22.7x 33.5x 26.4x 23.9x
PBR - - 3.49x 4.47x 5.19x 4.42x 3.86x
PEG - - -0.4x 9.41x -9.07x 1x 2.3x
Capitalization / Revenue 2.58x - 3.5x 5.35x 6.57x 5.75x 4.83x
EV / Revenue 2.58x - 3.5x 6.23x 7.49x 6.95x 6.06x
EV / EBITDA 7.27x - 9.22x 17.1x 20.1x 17.3x 14.8x
EV / EBIT 10.7x - 11.6x 22.2x 25x 22x 19.5x
EV / FCF 10.5x - 19.8x -119x -91.4x -37.5x -41.6x
FCF Yield 9.52% - 5.06% -0.84% -1.09% -2.67% -2.4%
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 37.02 106.76 101.86 150.43 213.66 213.66 213.66
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.21x2.88x10.95x2.57% 34.96B
16.01x4.93x8.92x3.44% 17.52B
16.84x5.53x11.81x0.02% 17.24B
7.93x2.92x7.85x5.14% 12.7B
28.85x4.53x10.68x3.88% 7.99B
10.16x1.44x8.63x5.33% 7.76B
6.06x0.64x3.85x3.71% 6.13B
17.19x - - - 4.85B
Average 14.90x 3.27x 8.96x 3.44% 13.64B
Weighted average by Cap. 15.28x 3.55x 9.76x 2.98%

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