Company Valuation: Kartik Investments Trust Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 148 169.3 146.4 145.2 183 240.8
Change - 14.44% -13.54% -0.83% 26.05% 31.6%
Enterprise Value (EV) 1 141.8 163.3 140.9 139.8 177.5 235.5
Change - 15.14% -13.71% -0.81% 26.97% 32.73%
P/E -2,426x -1,045x -342x -600x -3,261x -931x
PBR 5.71x 5.18x 4.32x 3.61x 4.09x 5.74x
PEG - -6x -2x 13.8x 42.5x -3x
Capitalization / Revenue 220x 281x 412x 274x 247x 407x
EV / Revenue 211x 271x 397x 264x 239x 399x
EV / EBITDA - - - - - -
EV / EBIT -1,425x -1,060x -329x -568x -3,060x -906x
EV / FCF 3,414x -1,987x -391x -13,002x -4,302x -1,458x
FCF Yield 0.03% -0.05% -0.26% -0.01% -0.02% -0.07%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.25 -0.6644 -1.754 -0.9918 -0.23 -1.06
Distribution rate - - - - - -
Net sales 1 0.6734 0.6025 0.355 0.53 0.741 0.591
EBITDA - - - - - -
EBIT 1 -0.0995 -0.1541 -0.428 -0.246 -0.058 -0.26
Net income 1 -0.0603 -0.1621 -0.428 -0.242 -0.056 -0.258
Net Debt 1 -6.151 -6.047 -5.493 -5.41 -5.533 -5.282
Reference price 2 606.45 694.00 600.00 595.00 750.00 987.00
Nbr of stocks (in thousands) 244 244 244 244 244 244
Announcement Date 8/28/20 8/2/21 8/4/22 7/11/23 7/5/24 7/11/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 21.77M
20.2x5.66x12.14x2.1% 169B
15.14x3.64x - 2.37% 161B
16.99x7.52x - 1.48% 106B
26.19x12.24x21.03x4.12% 77.18B
13.81x5.29x - 1.9% 50.59B
12.11x1.83x5.63x1.22% 48.25B
5.64x5.55x4.84x3.3% 38.63B
14.33x5.31x16.55x1.84% 33.32B
Average 15.55x 5.88x 12.04x 2.29% 76.01B
Weighted average by Cap. 17.04x 5.90x 12.79x 2.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Kartik Investments Trust Limited