Company Valuation: GTL Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 180.9 825.8 1,730 755 1,471 1,271
Change - 356.52% 109.52% -56.36% 94.79% -13.58%
Enterprise Value (EV) 1 52,293 51,568 62,641 61,372 59,236 57,656
Change - -1.39% 21.47% -2.03% -3.48% -2.67%
P/E -0.6x 1.81x 0.4x 1.32x 0.7x -15x
PBR -0x -0.01x -0.03x -0.01x -0.02x -0.02x
PEG - -0x 0x -0x 0x 0x
Capitalization / Revenue 0.08x 0.37x 0.89x 0.41x 0.73x 0.5x
EV / Revenue 24.3x 23.3x 32.4x 32.9x 29.3x 22.7x
EV / EBITDA -520x 91.6x 157x 90.9x 78.4x 66.9x
EV / EBIT -394x 97.4x 169x 94.7x 80.7x 67.6x
EV / FCF -44.6x 56.8x -2.85x -260x 69.9x 46.5x
FCF Yield -2.24% 1.76% -35.1% -0.38% 1.43% 2.15%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1.915 2.906 27.45 3.63 13.4 -0.54
Distribution rate - - - - - -
Net sales 1 2,154 2,210 1,935 1,864 2,019 2,539
EBITDA 1 -100.6 563.1 400.2 675.4 756 861.2
EBIT 1 -132.7 529.3 370.4 648 734.2 852.9
Net income 1 -300.4 457.8 4,319 572.1 2,108 -83.8
Net Debt 1 52,113 50,742 60,911 60,617 57,765 56,386
Reference price 2 1.150 5.250 11.000 4.800 9.350 8.080
Nbr of stocks (in thousands) 157,297 157,297 157,297 157,297 157,297 157,297
Announcement Date 9/8/20 9/6/21 9/7/22 9/4/23 8/21/24 9/8/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.46x1.36x4.2x6.75% 230B
10.35x2.5x6.61x6% 195B
13.56x2.15x5.51x4.01% 156B
12.74x1.84x8.03x3.37% 81.93B
11.59x0.88x3.29x6.78% 80.09B
11.79x1.89x4.78x2.69% 71.72B
15.37x2.73x8.57x5.07% 57.84B
23.14x5.21x19.03x4.65% 54.84B
12.38x1.77x5.4x4.89% 49.51B
Average 13.60x 2.26x 7.27x 4.91% 108.59B
Weighted average by Cap. 12.65x 2.07x 6.33x 5.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA