Company Valuation: PSP Projects Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 19,409 24,152 24,764 25,097 22,814 31,416 - -
Change - 24.44% 2.53% 1.34% -9.1% 37.71% - -
Enterprise Value (EV) 1 18,454 23,181 27,064 25,735 21,853 29,706 28,245 31,416
Change - 25.62% 16.75% -4.91% -15.08% 35.94% -4.92% 11.23%
P/E 12x 18.2x 20x 44.2x 43.6x 21.9x 16.2x 12.5x
PBR 2.83x 3.02x 2.71x 2.08x 1.81x 2.25x 1.99x 1.73x
PEG - -1x -2.92x -0.8x -5.48x 0x 0.5x 0.4x
Capitalization / Revenue 1.11x 1.25x 1.01x 1.02x 0.76x 0.7x 0.65x 0.49x
EV / Revenue 1.06x 1.2x 1.1x 1.04x 0.73x 0.66x 0.58x 0.49x
EV / EBITDA 7.19x 10.3x 10.3x 14.5x 12.2x 9.47x 7.14x 6.5x
EV / EBIT 8.22x 12.5x 13.8x 24.4x 23.5x 13.9x 10.2x 9.69x
EV / FCF 42x -63.2x -7.34x -194x 16.9x 57.3x 87.2x 112x
FCF Yield 2.38% -1.58% -13.6% -0.51% 5.9% 1.74% 1.15% 0.89%
Dividend per Share 2 5 2.5 - - - 3 4.6 3
Rate of return 0.93% 0.37% - - - 0.38% 0.58% 0.38%
EPS 2 45.11 36.95 34.42 14.33 13.19 36.17 48.95 63.65
Distribution rate 11.1% 6.77% - - - 8.29% 9.4% 4.71%
Net sales 1 17,488 19,266 24,625 24,683 29,895 44,826 48,440 64,411
EBITDA 1 2,565 2,250 2,616 1,781 1,795 3,137 3,954 4,833
EBIT 1 2,245 1,850 1,968 1,054 929.6 2,132 2,774 3,244
Net income 1 1,624 1,330 1,239 564.6 522.9 1,433 1,940 2,524
Net Debt 1 -955.2 -971.1 2,300 637.4 -960.9 -1,710 -3,171 -
Reference price 2 539.15 670.90 687.90 633.10 575.50 792.50 792.50 792.50
Nbr of stocks (in thousands) 36,000 36,000 36,000 39,642 39,642 39,642 - -
Announcement Date 5/27/22 5/18/23 5/24/24 5/23/25 4/30/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.09x0.67x9.55x0.38% 335M
39.62x1.96x18.45x0.09% 76.7B
12.52x1.06x5.85x4.65% 70.24B
26.91x2.04x20.64x1.1% 58.85B
53.45x4.22x26.37x1.84% 41.76B
19.05x2.28x12.67x0.34% 33.7B
23.9x0.59x9.79x2.6% 29.25B
5.9x0.37x6.97x4.82% 28.8B
17.24x1.2x10.79x0.25% 26.06B
20.19x0.38x5.99x3.01% 25.35B
Average 24.09x 1.48x 12.71x 1.91% 39.11B
Weighted average by Cap. 26.12x 1.71x 14.04x 2.01%

Y-o-Y evolution of P/E

Valuation ratios - P/E - PSP Projects Limited

Historical PBR trend

Valuation ratios - PBR - PSP Projects Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - PSP Projects Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - PSP Projects Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - PSP Projects Limited
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