Company Valuation: Foseco India Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 8,375 9,086 12,289 24,407 25,699 36,835
Change - 8.5% 35.24% 98.62% 5.29% 43.33%
Enterprise Value (EV) 1 7,012 7,595 10,401 22,124 23,142 35,784
Change - 8.31% 36.96% 112.71% 4.6% 54.63%
P/E 54.3x 27.8x 26.7x 33.4x 35.2x 44.2x
PBR 4.59x 4.35x 5.14x 8.52x 7.48x 3.55x
PEG - 0x 0.7x 0.6x 579.91x -13x
Capitalization / Revenue 3.31x 2.69x 3.02x 5.11x 4.9x 5.72x
EV / Revenue 2.77x 2.25x 2.56x 4.63x 4.41x 5.56x
EV / EBITDA 29.7x 17.1x 16x 31.5x 25.7x 28.8x
EV / EBIT 39.6x 19.7x 18.6x 35.4x 28.6x 31.9x
EV / FCF 24.4x 99.4x 23.6x 46.2x 98.9x -24.9x
FCF Yield 4.1% 1.01% 4.24% 2.16% 1.01% -4.02%
Dividend per Share 2 15 25 25 25 25 25
Rate of return 1.14% 1.76% 1.3% 0.65% 0.62% 0.51%
EPS 2 24.17 51.16 71.98 114.3 114.3 110.5
Distribution rate 62.1% 48.9% 34.7% 21.9% 21.9% 22.6%
Net sales 1 2,528 3,380 4,067 4,774 5,248 6,434
EBITDA 1 236.3 443.4 649.4 701.3 901.7 1,244
EBIT 1 177.2 384.6 560.4 625.5 808.5 1,122
Net income 1 154.4 326.7 459.7 729.8 730.3 722.9
Net Debt 1 -1,363 -1,492 -1,887 -2,283 -2,558 -1,050
Reference price 2 1,311.35 1,422.75 1,924.15 3,821.75 4,024.00 4,887.00
Nbr of stocks (in thousands) 6,386 6,386 6,386 6,386 6,386 7,537
Announcement Date 5/28/21 4/7/22 4/28/23 5/18/24 4/28/25 5/19/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.69x4.14x13.32x2.18% 121B
16.97x5.65x28.11x3.91% 59.82B
63.19x1.3x8.54x6.11% 37.94B
11.48x1.18x6.45x2.95% 32.96B
9.8x3.18x7.46x4.43% 25.74B
8.24x0.84x5.14x4.58% 19.46B
15.89x0.77x5.73x1.94% 18.74B
68.18x12.35x44.88x0.07% 18.2B
9.73x1x7.68x4.39% 17.45B
Average 25.57x 3.38x 14.14x 3.4% 38.99B
Weighted average by Cap. 26.02x 3.65x 14.75x 3.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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