Company Valuation: MPS Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,092 18,165 26,046 48,316 25,292 45,133 -
Change - 80% 43.39% 85.51% -47.65% 78.45% -
Enterprise Value (EV) 10,092 18,165 26,046 48,316 25,292 45,133 45,133
Change - 80% 43.39% 85.51% -47.65% 78.45% 0%
P/E 12.1x 16.6x 21.9x 32.5x - 21.6x 20.5x
PBR - 4.29x 5.71x 10.2x - 5.61x 4.4x
PEG - 0.5x 2.3x 1.3x - - 3.65x
Capitalization / Revenue 2.25x 3.63x 4.78x 6.65x 3.29x 4.81x 4.49x
EV / Revenue 0x 0x 0x 0x 0x 4.81x 4.49x
EV / EBITDA - 0x 0x 0x - 14.2x 13.5x
EV / EBIT - 0x 0x 0x - 16.2x 15.4x
EV / FCF 0x 0x 0x 0x 0x 22.7x 20.2x
FCF Yield 10.9% 5.97% 4.39% 1.91% 7.45% 4.4% 4.95%
Dividend per Share 2 30 20 75 83 - - -
Rate of return 5.09% 1.88% 4.89% 2.91% - - -
EPS 2 48.61 63.87 69.96 87.73 - 122.9 129.8
Distribution rate 61.7% 31.3% 107% 94.6% - - -
Net sales 1 4,489 5,010 5,453 7,269 7,684 9,390 10,056
EBITDA 1 - 1,568 1,699 2,109 - 3,168 3,338
EBIT 1 - 1,373 1,499 1,835 - 2,790 2,936
Net income 1 - 1,092 1,188 1,489 - 2,085 2,203
Net Debt - - - - - - -
Reference price 2 589.95 1,061.90 1,533.30 2,848.70 1,491.20 2,660.20 2,660.20
Nbr of stocks (in thousands) 17,106 17,106 16,987 16,961 16,961 16,966 -
Announcement Date 5/17/22 5/16/23 5/21/24 5/16/25 5/15/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.77x2.31x9.97x2.2% 9.95B
-15.57x8.38x21.63x0.97% 5.81B
85.74x1.43x17.65x0.82% 3.4B
13.05x - - 5.81% 3.26B
9.82x0.59x4.7x3.53% 3.16B
14.28x - - - 2.7B
10.79x0.24x1.73x7.01% 2.64B
64.92x1.99x7.47x2.86% 2.12B
Average 25.22x 2.49x 10.52x 3.31% 4.13B
Weighted average by Cap. 20.15x 3.07x 11.82x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield