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.($)
- - - - 4.8M
16.65x1.32x9.62x5.57% 96.18B
16.69x1.02x7.5x3.47% 71.03B
26.58x1.95x18.52x0.9% 23.2B
19.86x0.71x8.1x-.--% 11.49B
25.99x2.47x9.23x-.--% 8.82B
29.53x0.57x8.42x-.--% 6.07B
15.75x0.72x8.11x3.33% 5.95B
8.78x0.28x5.37x8.05% 5.56B
Average 19.98x 1.13x 9.36x 2.67% 25.37B
Weighted average by Cap. 18.32x 1.24x 9.60x 3.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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