Company Valuation: Master Trust Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,031 2,814 2,614 15,653 14,112 6,336
Change - 172.89% -7.11% 498.88% -9.84% -55.1%
Enterprise Value (EV) 1 -3,780 3,715 4,010 17,430 16,244 7,739
Change - 198.26% 7.95% 334.68% -6.8% -52.36%
P/E 3x 5.1x 3.97x 14.7x 11.2x 5.34x
PBR 0.4x 0.94x 0.72x 3.1x 2.21x 0.85x
PEG - 0.1x 0.2x 0.2x 0.8x -0.92x
Capitalization / Revenue 0.5x 0.95x 0.84x 3.48x 2.67x 1.21x
EV / Revenue -1.83x 1.25x 1.29x 3.88x 3.07x 1.48x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 3.16 5.072 6.058 9.786 11.21 10.56
Distribution rate - - - - - -
Net sales 1 2,063 2,976 3,101 4,491 5,287 5,233
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 343.7 551.8 658.9 1,081 1,312 1,260
Net Debt 1 -4,812 900.8 1,396 1,777 2,132 1,402
Reference price 2 9.48 25.87 24.03 143.91 125.70 56.44
Nbr of stocks (in thousands) 108,766 108,766 108,766 108,766 112,266 112,266
Announcement Date 9/2/21 9/3/22 9/4/23 9/3/24 9/3/25 9/4/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.92x6.55x - 2.27% 298B
13.08x10.16x - 2.15% 269B
11.38x - - 1.98% 214B
15.37x6.01x10x1.33% 165B
14.77x10.03x16.23x2.28% 73.74B
9.57x1.36x - 3.85% 57.53B
18.37x10.3x11.58x0.68% 41.98B
8.97x4.05x - 3.69% 41.6B
32.32x4.25x5.43x0.39% 39.75B
Average 15.42x 6.59x 10.81x 2.07% 133.34B
Weighted average by Cap. 14.16x 7.36x 11.07x 2.07%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Master Trust Limited

Historical PBR trend

Valuation ratios - PBR - Master Trust Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Master Trust Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Master Trust Limited