Company Valuation: Cella Space Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 58.79 103.8 136.9 171.7 169.3 191.4
Change - 76.55% 31.92% 25.38% -1.41% 13.1%
Enterprise Value (EV) 1 441.8 596.8 717.3 746.4 745.3 43.71
Change - 35.1% 20.19% 4.06% -0.14% -94.14%
P/E 7.08x 28.9x 13.3x 15.2x 71.8x 0.37x
PBR -0.24x -0.43x -0.59x -0.81x -0.81x 0.62x
PEG - -0.5x 0x 3.85x -0.9x 0x
Capitalization / Revenue 2.19x 3.17x 2.56x 2.32x 2.18x 7.78x
EV / Revenue 16.4x 18.2x 13.4x 10.1x 9.58x 1.78x
EV / EBITDA 147x 29.4x 20.4x 15.6x 16.2x -11.5x
EV / EBIT -341x 47.7x 29.2x 21.4x 22.2x -5.89x
EV / FCF -3.11x -3.05x -6.11x -86.5x -169x -0.28x
FCF Yield -32.1% -32.8% -16.4% -1.16% -0.59% -363%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.4338 0.1873 0.5387 0.56 0.117 25.51
Distribution rate - - - - - -
Net sales 1 26.89 32.78 53.39 74.05 77.77 24.62
EBITDA 1 3.005 20.3 35.2 47.92 46.15 -3.814
EBIT 1 -1.296 12.52 24.58 34.94 33.53 -7.427
Net income 1 8.102 3.587 10.32 11.32 2.358 514
Net Debt 1 383 493 580.4 574.7 576.1 -147.7
Reference price 2 3.07 5.42 7.15 8.52 8.40 9.50
Nbr of stocks (in thousands) 19,151 19,151 19,151 20,151 20,151 20,151
Announcement Date 12/4/20 9/4/21 8/27/22 8/4/23 8/31/24 8/21/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.59M
16.9x1.17x8.52x6.43% 86.72B
15.77x0.96x8.35x1.65% 77.72B
15.92x0.96x7.09x3.61% 70.72B
24.08x1.79x17.04x0.84% 24.17B
22.01x0.81x9.17x-.--% 12.68B
29.11x2.5x9.54x-.--% 8.98B
9.04x0.34x6.69x6.71% 6.28B
15.44x0.7x7.93x3.34% 6.05B
28.43x0.52x7.62x-.--% 5.35B
Average 19.63x 1.08x 9.11x 2.51% 29.87B
Weighted average by Cap. 17.55x 1.10x 8.82x 3.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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