Company Valuation: IL&FS Engineering and Construction Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 380.3 1,455 1,573 4,255 5,102 3,037
Change - 282.76% 8.11% 170.42% 19.91% -40.48%
Enterprise Value (EV) 1 26,405 27,104 26,814 27,549 28,650 27,506
Change - 2.65% -1.07% 2.74% 4% -3.99%
P/E -0.13x -0.38x -1.27x -5.49x -105x 232x
PBR -0.02x -0.05x -0.05x -0.13x -0.16x -0.1x
PEG - -0x 0x 0.1x 1.1x -2x
Capitalization / Revenue 0.11x 0.47x 0.89x 1.65x 1.59x 1.62x
EV / Revenue 7.94x 8.81x 15.1x 10.7x 8.91x 14.6x
EV / EBITDA -13x -21.5x -24x -16.4x -43.1x -154x
EV / EBIT -11.8x -19.4x -22.1x -15.8x -39.6x -119x
EV / FCF 27x -42.9x 186x -22.6x -154x -42x
FCF Yield 3.7% -2.33% 0.54% -4.42% -0.65% -2.38%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -21.74 -29.45 -9.46 -5.91 -0.3722 0.1
Distribution rate - - - - - -
Net sales 1 3,327 3,076 1,771 2,585 3,214 1,879
EBITDA 1 -2,030 -1,264 -1,116 -1,677 -665 -178.1
EBIT 1 -2,245 -1,396 -1,215 -1,746 -722.8 -231
Net income 1 -2,850 -3,861 -1,240 -774.5 -48.8 13.3
Net Debt 1 26,025 25,648 25,241 23,294 23,548 24,469
Reference price 2 2.90 11.10 12.00 32.45 38.91 23.16
Nbr of stocks (in thousands) 131,121 131,121 131,121 131,121 131,121 131,121
Announcement Date 9/30/21 8/30/22 8/23/23 7/23/24 7/17/25 6/25/26
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
65.05x2.81x27.51x0.07% 94.32B
13.08x1.06x5.8x4.48% 71.3B
38.8x4.75x26.33x0.17% 58.83B
25.27x1.93x18.78x1.23% 54.5B
55.39x4.6x29.44x1.64% 45.98B
33.09x0.78x13.13x1.92% 39.23B
27.88x0.54x8.68x2.14% 35.71B
25.4x1.65x15.86x0.19% 33.07B
4.66x0.29x5.75x6.11% 27.62B
Average 32.07x 2.05x 16.81x 2% 51.17B
Weighted average by Cap. 35.91x 2.28x 18.33x 1.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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