Company Valuation: IL&FS Engineering and Construction Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 229.5 380.3 1,455 1,573 4,255 5,102
Change - 65.71% 282.76% 8.11% 170.42% 19.91%
Enterprise Value (EV) 1 26,285 26,405 27,104 26,814 27,549 28,650
Change - 0.46% 2.65% -1.07% 2.74% 4%
P/E -0.06x -0.13x -0.38x -1.27x -5.49x -105x
PBR -0.01x -0.02x -0.05x -0.05x -0.13x -0.16x
PEG - 0x -0x 0x 0.1x 1.1x
Capitalization / Revenue 0.04x 0.11x 0.47x 0.89x 1.65x 1.59x
EV / Revenue 4.67x 7.94x 8.81x 15.1x 10.7x 8.91x
EV / EBITDA 471x -13x -21.5x -24x -16.4x -43.1x
EV / EBIT -100x -11.8x -19.4x -22.1x -15.8x -39.6x
EV / FCF 7.57x 27x -42.9x 186x -22.6x -154x
FCF Yield 13.2% 3.7% -2.33% 0.54% -4.42% -0.65%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -30.89 -21.74 -29.45 -9.46 -5.91 -0.3722
Distribution rate - - - - - -
Net sales 1 5,624 3,327 3,076 1,771 2,585 3,214
EBITDA 1 55.8 -2,030 -1,264 -1,116 -1,677 -665
EBIT 1 -262.1 -2,245 -1,396 -1,215 -1,746 -722.8
Net income 1 -4,050 -2,850 -3,861 -1,240 -774.5 -48.8
Net Debt 1 26,056 26,025 25,648 25,241 23,294 23,548
Reference price 2 1.75 2.90 11.10 12.00 32.45 38.91
Nbr of stocks (in thousands) 131,121 131,121 131,121 131,121 131,121 131,121
Announcement Date 9/8/20 9/30/21 8/30/22 8/23/23 7/23/24 7/17/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
71.04x3.06x29.91x0.06% 103B
14.35x1.17x6.44x4.08% 81.74B
42.98x5.34x29.67x0.16% 65.17B
27.95x2.11x20.47x1.12% 61.54B
59.3x4.95x31.69x1.43% 49.92B
36.37x0.86x14.52x1.74% 42.72B
30.75x0.62x9.86x1.96% 38.68B
27.33x1.77x17.1x0.18% 35.47B
4.51x0.29x6.19x6.29% 26.73B
Average 34.95x 2.24x 18.43x 1.89% 56.13B
Weighted average by Cap. 39.23x 2.51x 20.12x 1.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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