Company Valuation: Astral Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 406,451 359,134 534,904 347,680 429,572 401,068 - -
Change - -11.64% 48.94% -35% 23.55% -6.64% - -
Enterprise Value (EV) 1 400,884 353,086 529,772 343,036 421,669 389,074 381,935 374,986
Change - -11.92% 50.04% -35.25% 22.92% -7.73% -1.83% -1.82%
P/E 84x 78.6x 97.9x 66.4x 80.1x 55.7x 44.3x 38.5x
PBR 17.4x 13.3x 16.8x 9.63x 10.6x 8.64x 7.44x 6.5x
PEG - -13.39x 5x -16.26x 33.23x 1.6x 1.7x 2.5x
Capitalization / Revenue 9.25x 6.96x 9.48x 5.96x 6.54x 5.17x 4.5x 3.94x
EV / Revenue 9.12x 6.84x 9.39x 5.88x 6.42x 5.01x 4.29x 3.68x
EV / EBITDA 53.6x 44.9x 57.9x 36.3x 39.7x 30.6x 24.9x 21.4x
EV / EBIT 64.5x 58x 73.8x 48.8x 54.7x 40.8x 31.9x 26.9x
EV / FCF 203x 144x 197x 405x 63.8x 65.3x 43.6x 34.7x
FCF Yield 0.49% 0.7% 0.51% 0.25% 1.57% 1.53% 2.3% 2.88%
Dividend per Share 2 2.25 3.188 3.75 2.25 4 4.769 5.678 6.015
Rate of return 0.15% 0.24% 0.19% 0.17% 0.25% 0.32% 0.38% 0.4%
EPS 2 18.06 17 20.33 19.5 19.97 26.8 33.72 38.82
Distribution rate 12.5% 18.8% 18.4% 11.5% 20% 17.8% 16.8% 15.5%
Net sales 1 43,940 51,585 56,414 58,324 65,686 77,596 89,117 101,760
EBITDA 1 7,485 7,870 9,157 9,459 10,619 12,701 15,356 17,550
EBIT 1 6,216 6,089 7,181 7,025 7,703 9,528 11,971 13,932
Net income 1 4,838 4,566 5,461 5,238 5,366 7,216 9,056 10,313
Net Debt 1 -5,567 -6,048 -5,132 -4,644 -7,903 -11,994 -19,133 -26,082
Reference price 2 1,517.21 1,337.00 1,991.25 1,294.25 1,599.00 1,492.90 1,492.90 1,492.90
Nbr of stocks (in thousands) 267,894 268,612 268,627 268,635 268,650 268,650 - -
Announcement Date 5/27/22 5/15/23 5/17/24 5/21/25 5/18/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.12x5.83x19.84x2.37% 22.52B
21.81x3.41x11.3x0.59% 10.24B
55.7x5.01x30.63x0.32% 4.25B
16.11x1.78x9.44x1.72% 2.24B
16.78x2.4x12.23x4.83% 2.03B
6.14x0.77x5.01x5.78% 1.37B
Average 24.28x 3.20x 14.74x 2.6% 7.11B
Weighted average by Cap. 28.00x 4.63x 17.48x 1.93%

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