Company Valuation: RM DRIPPAR

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 128.8 139.5 98.34 307.7 2,096 6,858
Change - 8.31% -29.5% 212.93% 581.09% 227.19%
Enterprise Value (EV) 1 207.1 214.1 172.8 381.2 2,149 7,119
Change - 3.4% -19.31% 120.66% 463.58% 231.32%
P/E 4.59x 131x -10.4x 1,064x 54.7x 45.6x
PBR 0.95x 1.02x 0.77x 2.42x 5.9x 14.2x
PEG - -1.4x 0x -10x 0x 0x
Capitalization / Revenue 0.55x 0.77x 0.55x 2.81x 4.17x 5.22x
EV / Revenue 0.89x 1.18x 0.96x 3.48x 4.27x 5.42x
EV / EBITDA 5.49x 10.9x 20.6x -40.5x 24.4x 19.7x
EV / EBIT 8.31x 26.4x -62.5x -20.9x 28x 21.2x
EV / FCF -35.1x 323x -26.2x -25x -16.3x -15.6x
FCF Yield -2.85% 0.31% -3.81% -4% -6.12% -6.39%
Dividend per Share 2 - - - - - 0.0292
Rate of return - - - - - 0.11%
EPS 2 0.2444 0.009299 -0.0823 0.002523 0.1482 0.5824
Distribution rate - - - - - 5.01%
Net sales 1 232.4 182.1 179.2 109.5 502.7 1,313
EBITDA 1 37.69 19.7 8.373 -9.407 88.15 360.5
EBIT 1 24.92 8.116 -2.764 -18.26 76.87 335.4
Net income 1 28.05 1.087 -9.433 0.2894 54.1 240
Net Debt 1 78.28 74.63 74.43 73.5 52.61 260.8
Reference price 2 1.12 1.22 0.86 2.68 8.11 26.53
Nbr of stocks (in thousands) 114,686 114,686 114,686 114,686 258,497 258,497
Announcement Date 8/31/20 9/2/21 11/30/22 9/13/23 9/7/24 8/30/25
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.34x5.24x29.63x1.07% 163B
21.25x - - 1.67% 9.01B
16.94x0.92x8.21x3.49% 3.87B
23.98x2.46x19.53x1.36% 3.51B
21.91x - - 1.28% 1.17B
9.8x - - 2.84% 980M
50.61x0.81x6.58x0.89% 933M
Average 25.40x 2.36x 15.99x 1.8% 26.06B
Weighted average by Cap. 32.11x 5.06x 28.82x 1.17%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA