Company Valuation: GTL Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 825.8 1,730 755 1,471 1,271 797.5
Change - 109.52% -56.36% 94.79% -13.58% -37.25%
Enterprise Value (EV) 1 51,568 62,641 61,372 59,236 57,656 49,325
Change - 21.47% -2.03% -3.48% -2.67% -14.45%
P/E 1.81x 0.4x 1.32x 0.7x -15x 0.14x
PBR -0.01x -0.03x -0.01x -0.02x -0.02x -0.01x
PEG - 0x -0x 0x 0x -0x
Capitalization / Revenue 0.37x 0.89x 0.41x 0.73x 0.5x 0.36x
EV / Revenue 23.3x 32.4x 32.9x 29.3x 22.7x 22x
EV / EBITDA 91.6x 157x 90.9x 78.4x 66.9x 58.6x
EV / EBIT 97.4x 169x 94.7x 80.7x 67.6x 60.5x
EV / FCF 56.8x -2.85x -260x 69.9x 46.5x 18.3x
FCF Yield 1.76% -35.1% -0.38% 1.43% 2.15% 5.48%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 2.906 27.45 3.63 13.4 -0.54 37.03
Distribution rate - - - - - -
Net sales 1 2,210 1,935 1,864 2,019 2,539 2,244
EBITDA 1 563.1 400.2 675.4 756 861.2 842.1
EBIT 1 529.3 370.4 648 734.2 852.9 815
Net income 1 457.8 4,319 572.1 2,108 -83.8 5,825
Net Debt 1 50,742 60,911 60,617 57,765 56,386 48,528
Reference price 2 5.250 11.000 4.800 9.350 8.080 5.070
Nbr of stocks (in thousands) 157,297 157,297 157,297 157,297 157,297 157,297
Announcement Date 9/6/21 9/7/22 9/4/23 8/21/24 9/8/25 9/8/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.03x1.31x4.14x7.04% 222B
10.61x2.53x6.69x5.87% 200B
13.18x2.12x4.91x4.16% 149B
13.93x1.87x8.15x3.01% 91.97B
11.64x0.87x3.26x6.65% 79.55B
11.52x1.78x4.48x2.84% 67.46B
15.29x2.68x8.37x5.06% 58B
23.43x5.3x19.36x4.66% 55.58B
14.98x2.77x6.2x4.39% 51.14B
Average 13.96x 2.36x 7.28x 4.85% 108.34B
Weighted average by Cap. 12.80x 2.12x 6.33x 5.26%

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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