Company Valuation: Orient Ceratech Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 2,477 3,536 2,728 5,705 3,685 4,123
Change - 42.77% -22.84% 109.12% -35.41% 11.88%
Enterprise Value (EV) 1 2,750 3,890 2,818 6,242 4,348 4,440
Change - 41.47% -27.55% 121.48% -30.35% 2.11%
P/E 21.8x 51.8x 19.2x 30x 37.1x 18.9x
PBR 1.02x 1.43x 1.05x 2.07x 1.3x 1.36x
PEG - -1.3x 0x 0.9x -0.8x 0x
Capitalization / Revenue 0.82x 1.32x 0.9x 1.82x 1.13x 1.02x
EV / Revenue 0.91x 1.46x 0.93x 1.99x 1.33x 1.1x
EV / EBITDA 8.98x 23.9x 10x 18x 14x 9.95x
EV / EBIT 13.9x 75.4x 17.2x 29.4x 26x 16.7x
EV / FCF 13.7x -29x 13.6x -15x -25.1x 19x
FCF Yield 7.32% -3.44% 7.35% -6.67% -3.99% 5.27%
Dividend per Share 2 0.15 0.15 0.25 0.25 0.25 0.35
Rate of return 0.72% 0.51% 1.1% 0.52% 0.81% 1.02%
EPS 2 0.95 0.57 1.188 1.59 0.8297 1.827
Distribution rate 15.8% 26.3% 21% 15.7% 30.1% 19.2%
Net sales 1 3,022 2,671 3,022 3,134 3,271 4,036
EBITDA 1 306.2 162.8 281.7 347.1 311 446.3
EBIT 1 198.2 51.6 164.2 212.1 167.4 265.8
Net income 1 113.7 68.61 142.1 190.2 99.26 218.6
Net Debt 1 273.1 354.3 89.97 536.5 662.7 316.8
Reference price 2 20.70 29.55 22.80 47.68 30.80 34.46
Nbr of stocks (in thousands) 119,639 119,652 119,659 119,659 119,639 119,639
Announcement Date 8/31/21 9/3/22 9/1/23 9/6/24 8/29/25 9/1/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.97x1.8x8.63x1.78% 58.32B
31.79x5.04x14.71x0.71% 35.69B
32.9x3.4x17.48x0.94% 33.78B
27.87x4.42x14.73x0.84% 32.47B
12.24x1.46x6.75x2.51% 31.53B
22.28x6.95x13.65x2.13% 25.7B
75.92x4.73x73.17x0.3% 23.55B
16.25x2.05x8.19x1.29% 22.04B
11.03x1.18x5.8x0.94% 15.45B
Average 27.25x 3.45x 18.12x 1.27% 30.95B
Weighted average by Cap. 26.21x 3.39x 16.71x 1.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  5. Valuation Orient Ceratech Limited
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