Company Valuation: Indo Rama Synthetics (India) Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 10,157 17,142 10,202 10,165 8,888 7,828
Change - 68.77% -40.49% -0.36% -12.56% -11.93%
Enterprise Value (EV) 1 14,109 20,400 18,376 22,986 19,884 19,032
Change - 44.6% -9.92% 25.09% -13.5% -4.28%
P/E 8.96x 6.37x -41.5x -5x 635x 5.21x
PBR 3.05x 2.86x 1.78x 2.76x 2.41x 1.51x
PEG - 0x 0x -0x -6x 0x
Capitalization / Revenue 0.5x 0.42x 0.25x 0.26x 0.21x 0.16x
EV / Revenue 0.69x 0.51x 0.45x 0.59x 0.47x 0.39x
EV / EBITDA 16.4x 6.9x 45x -56.2x 11.4x 5.54x
EV / EBIT 24.6x 7.54x 136x -29.9x 15.5x 6.39x
EV / FCF 20.2x -550x -3.88x -5.82x 12.6x -28.2x
FCF Yield 4.95% -0.18% -25.7% -17.2% 7.94% -3.55%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 4.342 10.3 -0.9406 -7.791 0.0536 5.753
Distribution rate - - - - - -
Net sales 1 20,429 40,381 40,849 38,733 42,589 49,101
EBITDA 1 858.2 2,959 408.1 -408.8 1,739 3,436
EBIT 1 574.5 2,704 135 -769 1,287 2,980
Net income 1 1,134 2,691 -245.6 -2,034 14 1,502
Net Debt 1 3,951 3,258 8,174 12,821 10,996 11,204
Reference price 2 38.90 65.65 39.07 38.93 34.04 29.98
Nbr of stocks (in thousands) 261,113 261,113 261,113 261,113 261,113 261,113
Announcement Date 7/30/21 6/30/22 7/4/23 9/3/24 7/1/25 8/17/26
1INR in Million2INR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 215M
9.17x0.54x5.82x3.9% 4.24B
34.21x4.99x23.32x0.52% 4.18B
37.01x2.16x17.66x - 2.49B
13.48x1.62x6.88x3.45% 1.95B
10.51x - - 5.61% 1.87B
11.96x - - 7.39% 1.7B
12.06x1.47x8.49x1.5% 1.6B
Average 18.34x 2.16x 12.43x 3.73% 2B
Weighted average by Cap. 19.94x 2.36x 13.36x 3.27%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Indo Rama Synthetics (India) Limited

Historical PBR trend

Valuation ratios - PBR - Indo Rama Synthetics (India) Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Indo Rama Synthetics (India) Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Indo Rama Synthetics (India) Limited

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