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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 18.17M
19.93x5.34x11.76x2.31% 151B
15.01x3.47x - 2.41% 153B
16.37x7.27x - 1.54% 99.82B
23.41x11.42x16.41x4.43% 71.29B
13.89x5.21x - 2.05% 46.91B
10.87x1.55x4.85x1.44% 40.75B
15.49x5.27x16.47x1.87% 32.56B
4.24x4.32x4.31x4.17% 33.82B
Average 14.90x 5.48x 10.76x 2.53% 69.92B
Weighted average by Cap. 16.45x 5.56x 11.61x 2.45%

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