Company Valuation: Aptech Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 7,579 14,076 14,129 13,431 6,782 4,072
Change - 85.72% 0.37% -4.94% -49.5% -39.96%
Enterprise Value (EV) 1 7,084 13,235 12,603 11,791 5,547 3,618
Change - 86.82% -4.78% -6.45% -52.95% -34.78%
P/E 62.4x 28.3x 20.9x 46.2x 35.5x 17.3x
PBR 4.56x 6.71x 5.51x 5.17x 2.7x 1.64x
PEG - 0x 0.6x -0.8x -1x 0.7x
Capitalization / Revenue 8.52x 6.23x 3.09x 3.07x 1.47x 0.81x
EV / Revenue 7.96x 5.85x 2.76x 2.7x 1.21x 0.72x
EV / EBITDA 37.2x 34.6x 16.9x 30.4x 21x 12.8x
EV / EBIT 57.1x 40.2x 18.2x 35.7x 27.1x 15.4x
EV / FCF 10.9x 49.4x 10.6x -42.5x 27.3x 22.8x
FCF Yield 9.18% 2.02% 9.42% -2.35% 3.66% 4.38%
Dividend per Share 2 1.607 3.571 4.286 4.5 4.5 4.5
Rate of return 1.21% 1.47% 1.76% 1.94% 3.85% 6.41%
EPS 2 2.135 8.579 11.66 5.009 3.29 4.056
Distribution rate 75.3% 41.6% 36.8% 89.8% 137% 111%
Net sales 1 889.6 2,261 4,569 4,368 4,601 5,034
EBITDA 1 190.5 382.8 743.6 387.4 264 283.5
EBIT 1 124 329.1 692.3 329.9 204.4 234.7
Net income 1 122.6 494.4 676.9 290.4 190.8 235.2
Net Debt 1 -494.5 -840.9 -1,526 -1,640 -1,235 -454.4
Reference price 2 133.11 243.18 243.68 231.60 116.94 70.21
Nbr of stocks (in thousands) 56,939 57,883 57,980 57,991 58,000 58,003
Announcement Date 6/7/21 7/8/22 8/28/23 8/29/24 8/25/25 8/28/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 53.56M
34.38x4.95x18.4x-.--% 1.69B
7.8x0.83x2.27x9.29% 1.06B
30.88x - - - 1.03B
15.71x - - 5.66% 929M
27.69x - - - 683M
Average 23.29x 2.89x 10.34x 4.98% 907.45M
Weighted average by Cap. 24.41x 3.36x 12.18x 4.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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