Company Valuation: Hikal Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 49,622 34,758 32,650 49,333 18,131 28,254 -
Change - -29.95% -6.07% 51.1% -63.25% 55.83% -
Enterprise Value (EV) 49,622 34,758 32,650 49,333 18,131 28,254 28,254
Change - -29.95% -6.07% 51.1% -63.25% 55.83% 0%
P/E 30.9x 44.3x 47x 54.4x -37.1x 76.4x 25.5x
PBR 4.65x 3.07x 2.75x 3.91x 1.51x 2.3x 2.12x
PEG - -0.9x -4.2x 1.8x 0x -0x 0x
Capitalization / Revenue 2.55x 1.72x 1.83x 2.68x 1.07x 1.52x 1.33x
EV / Revenue 0x 0x 0x 0x 0x 1.52x 1.33x
EV / EBITDA 0x 0x 0x 0x 0x 10.4x 7.49x
EV / EBIT 0x - 0x 0x 0x 24.5x 13.2x
EV / FCF 0x 0x -0x - 0x 58x 19.7x
FCF Yield 0.41% 0.37% -0.54% - 8.49% 1.72% 5.07%
Dividend per Share 2 1.6 1.2 0.6 - - - -
Rate of return 0.4% 0.43% 0.23% - - - -
EPS 2 13.02 6.36 5.64 7.36 -3.96 3 9
Distribution rate 12.3% 18.9% 10.6% - - - -
Net sales 1 19,427 20,230 17,846 18,435 16,952 18,641 21,279
EBITDA 1 3,406 2,571 2,670 3,284 2,204 2,722 3,771
EBIT 1 2,449 - 1,494 1,940 566 1,151 2,145
Net income 1 1,605 783.9 696 908 -488 374 1,112
Net Debt - - - - - - -
Reference price 2 402.45 281.90 264.80 400.10 147.05 229.15 229.15
Nbr of stocks (in thousands) 123,301 123,301 123,301 123,301 123,301 123,301 -
Announcement Date 5/28/22 5/29/23 5/9/24 5/14/25 5/27/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.12x12.04x24.4x0.6% 1,038B
29.97x6.67x18.66x1.99% 649B
33.44x7.83x16.17x2.59% 467B
19.76x4.83x11.96x2.74% 355B
19.95x5.21x12.92x3.08% 269B
21.41x4.44x12.62x1.99% 260B
24.9x6.52x11.62x2.57% 213B
11.64x4.24x8.76x4.32% 176B
-45.54x6.63x25.88x2.19% 187B
Average 16.52x 6.49x 15.89x 2.45% 401.68B
Weighted average by Cap. 23.87x 7.78x 17.95x 1.98%

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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