Company Valuation: Glenmark Pharmaceuticals Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 131,124 124,718 131,124 270,463 434,866 643,164 - -
Change - -4.88% 5.14% 106.27% 60.79% 47.9% - -
Enterprise Value (EV) 1 162,310 150,223 162,699 263,786 442,540 595,740 628,691 595,161
Change - -7.45% 8.3% 62.13% 67.76% 34.62% 4.11% -5.33%
P/E 13.5x 13.2x 44.1x -18x 41.5x 44.2x 27.7x 23x
PBR 1.86x 1.37x 1.38x 3.45x 4.91x 5.72x 5.06x 4.22x
PEG - -4.63x -0.6x 0x -0x 1.5x 1.1x 1.1x
Capitalization / Revenue 1.2x 1.01x 1.01x 2.29x 3.26x 3.54x 3.83x 3.44x
EV / Revenue 1.48x 1.22x 1.25x 2.23x 3.32x 3.51x 3.74x 3.18x
EV / EBITDA 7.79x 6.47x 7.14x 22.1x 18.8x 13x 17.4x 13.9x
EV / EBIT 9.89x 8.19x 9.76x 43x 23.7x 14.9x 21x 16.6x
EV / FCF 45.5x 47.2x 923x -22.7x -28.1x 28.5x 42x 31.4x
FCF Yield 2.2% 2.12% 0.11% -4.41% -3.56% 3.5% 2.38% 3.19%
Dividend per Share 2 2.5 2.5 2.5 2.5 2.5 2.5 3.82 4.02
Rate of return 0.54% 0.57% 0.54% 0.26% 0.16% 0.12% 0.17% 0.18%
EPS 2 34.38 33.4 10.53 -53.22 37.11 48.24 82.22 98.93
Distribution rate 7.27% 7.49% 23.7% -4.7% 6.74% 5.18% 4.65% 4.06%
Net sales 1 109,439 123,409 129,901 118,131 133,217 169,825 167,925 187,122
EBITDA 1 20,844 23,203 22,784 11,953 23,514 45,724 36,102 42,870
EBIT 1 16,408 18,336 16,671 6,134 18,654 39,989 29,950 35,801
Net income 1 9,701 9,936 2,972 -15,017 10,471 13,619 23,110 27,707
Net Debt 1 31,187 25,505 31,575 -6,677 7,674 -5,827 -14,473 -48,003
Reference price 2 464.70 442.00 464.70 958.45 1,541.05 2,279.10 2,279.10 2,279.10
Nbr of stocks (in thousands) 282,168 282,168 282,168 282,188 282,188 282,201 - -
Announcement Date 5/28/21 5/27/22 5/19/23 5/24/24 5/23/25 5/29/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.6x3.94x16.78x0.23% 6.76B
35.76x6.74x23.33x0.88% 49.03B
20.02x2.36x10.74x1.29% 42.33B
28.49x3.47x18x0.89% 12.43B
26.41x3.9x15.87x0.6% 11.68B
19.07x3.33x11.97x3.49% 9.12B
8.53x2.03x5.28x5.07% 7.15B
15.67x2.02x6.32x3.29% 7.09B
41.61x7.97x29.57x0.95% 4.58B
Average 25.57x 3.97x 15.32x 1.85% 16.68B
Weighted average by Cap. 26.86x 4.27x 16.30x 1.42%

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

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