Company Valuation: NINtec Systems Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 48.16 90.82 318.9 2,689 9,117 8,330
Change - 88.57% 251.14% 743.37% 239% -8.63%
Enterprise Value (EV) 1 -9.681 -19.18 181.5 2,519 8,873 7,885
Change - -98.15% 1,046.31% 1,287.78% 252.19% -11.13%
P/E 3.76x 6.95x 11.5x 48.5x 58.8x 31.6x
PBR 0.48x 0.8x 2.29x 13.9x 26.1x 13.6x
PEG - 3.18x 0x 0x 0x 0.5x
Capitalization / Revenue 0.62x 1.03x 1.61x 8.33x 11x 5.96x
EV / Revenue -0.13x -0.22x 0.92x 7.8x 10.7x 5.64x
EV / EBITDA -0.92x -1.3x 5.3x 43.3x 44.5x 24x
EV / EBIT -1.06x -1.56x 5.86x 47.8x 47.1x 25.6x
EV / FCF -0.47x -0.93x 9.38x 223x 241x 61.3x
FCF Yield -212% -107% 10.7% 0.45% 0.41% 1.63%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.6887 0.7037 1.493 2.988 8.35 14.17
Distribution rate - - - - - -
Net sales 1 77.35 88.41 198.1 323 830.5 1,398
EBITDA 1 10.54 14.76 34.27 58.13 199.3 329
EBIT 1 9.113 12.27 30.99 52.75 188.3 308.4
Net income 1 12.79 13.09 27.72 55.51 155.1 263.2
Net Debt 1 -57.84 -110 -137.3 -170 -244.2 -445.1
Reference price 2 2.59 4.89 17.17 144.78 490.80 448.45
Nbr of stocks (in thousands) 18,576 18,576 18,576 18,576 18,576 18,576
Announcement Date 9/1/20 9/7/21 9/6/22 9/6/23 8/31/24 9/1/25
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 147M
25.35x16.39x19.44x-.--% 136B
13.9x3.75x7.84x-.--% 99.91B
37.64x6.14x17.08x0.37% 52.64B
27.64x5.93x14.39x-.--% 49.56B
39.57x3.62x10.9x-.--% 40.76B
15.62x5.64x14.42x0.91% 38.83B
15.77x6.06x12.39x-.--% 15.18B
36.28x2.69x15.52x-.--% 15.01B
26.19x - - 3.71% 10.46B
Average 26.44x 6.28x 14.00x 0.55% 45.89B
Weighted average by Cap. 25.02x 8.31x 14.44x 0.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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