Company Valuation: Linc Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 2,183 4,202 7,925 7,635 6,086 5,137
Change - 92.47% 88.6% -3.67% -20.29% -15.59%
Enterprise Value (EV) 1 2,274 4,236 7,812 7,748 6,041 5,200
Change - 86.28% 84.42% -0.81% -22.04% -13.91%
P/E 5,570x 51.7x 21.2x 22.3x 16x 15.7x
PBR 1.62x 2.94x 4.47x 3.74x 2.59x 1.99x
PEG - 0x 0x -2.61x 1.4x -1.1x
Capitalization / Revenue 0.85x 1.18x 1.63x 1.5x 1.12x 0.95x
EV / Revenue 0.89x 1.19x 1.6x 1.53x 1.11x 0.96x
EV / EBITDA 23.7x 20x 12.9x 14.2x 9.69x 9.17x
EV / EBIT -91.2x 47.3x 16.4x 18.7x 12.2x 11.7x
EV / FCF 5.9x 147x 89.1x -203x 19.6x -42.8x
FCF Yield 16.9% 0.68% 1.12% -0.49% 5.11% -2.34%
Dividend per Share 2 - 0.45 1.25 1.25 1.5 1.5
Rate of return - 0.64% 0.94% 0.97% 1.47% 1.74%
EPS 2 0.006589 1.367 6.286 5.75 6.395 5.504
Distribution rate - 32.9% 19.9% 21.7% 23.5% 27.3%
Net sales 1 2,567 3,550 4,868 5,078 5,435 5,430
EBITDA 1 95.84 211.8 605.2 546.2 623.6 567.1
EBIT 1 -24.94 89.62 475.6 414.4 494.5 443.9
Net income 1 0.392 81.33 374 342.1 380.4 327.4
Net Debt 1 90.7 33.68 -113.5 113.7 -44.81 63.6
Reference price 2 36.70 70.64 133.22 128.34 102.30 86.35
Nbr of stocks (in thousands) 59,489 59,489 59,489 59,489 59,489 59,489
Announcement Date 8/20/21 8/8/22 8/1/23 7/31/24 8/27/25 8/24/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 58.96M
20.87x3.73x14.49x1.21% 6.83B
13.58x1.69x9.95x1.22% 3.84B
18.38x - - 2.9% 3.38B
13.79x1.15x5.86x3.74% 2.93B
13.86x0.87x11.23x4.91% 2.91B
17.04x0.6x6.22x3% 2.26B
17.21x - - 2.81% 1.56B
14.71x - - 2.22% 1.42B
12.39x0.64x6.25x3.62% 1.43B
Average 15.76x 1.45x 9.00x 2.85% 2.66B
Weighted average by Cap. 16.63x 1.99x 10.40x 2.54%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Linc Limited

Historical PBR trend

Valuation ratios - PBR - Linc Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Linc Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Linc Limited

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