Company Valuation: Sagar Cements Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 29,011 24,730 27,259 23,469 19,953 19,345 - -
Change - -14.76% 10.23% -13.91% -14.98% -3.05% - -
Enterprise Value (EV) 42,417 37,346 39,028 36,111 19,953 19,345 29,323 19,345
Change - -11.96% 4.5% -7.47% -44.75% -3.05% 51.58% -34.03%
P/E 49.1x 287x -52.4x -10.8x -2,544x -106x 49.9x -
PBR 2.31x 1.51x 1.4x 1.36x 1.18x 1.11x 1.08x 1x
PEG - -3.3x 0x -0x 25.5x -0x -0x -
Capitalization / Revenue 1.82x 1.11x 1.09x 1.04x 0.75x 0.63x 0.56x 0.53x
EV / Revenue 0x 0x 0x 0x 0x 0.63x 0.56x 0.53x
EV / EBITDA 0x 0x 0x 0x 0x 5.15x 3.9x 4.2x
EV / EBIT 0x -0x 0x -0x 0x 26.9x 10.5x 10.2x
EV / FCF -0x 0x 0x 0x -0x 7.9x 4.14x 7.59x
FCF Yield -9.44% 2.32% 6.41% 4.08% -10.4% 12.7% 24.1% 13.2%
Dividend per Share 2 0.7 0.7 0.7 0.7 - - 0.5 -
Rate of return 0.28% 0.37% 0.34% 0.39% - - 0.34% -
EPS 2 5.03 0.66 -3.98 -16.58 -0.06 -1.4 2.967 -
Distribution rate 13.9% 106% -17.6% -4.22% - - 16.9% -
Net sales 1 15,969 22,295 25,046 22,576 26,500 30,587 34,322 36,522
EBITDA 1 2,758 1,532 2,459 1,411 2,920 3,754 4,960 4,603
EBIT 1 1,831 -25.9 318 -896.6 523.4 719 1,847 1,892
Net income 1 691.5 290.4 -433.6 -2,098 -110.7 554 974.6 668
Net Debt 13,407 12,616 11,769 12,643 - - 9,978 -
Reference price 2 246.90 189.20 208.55 179.55 152.65 148.00 148.00 148.00
Nbr of stocks (in thousands) 117,500 130,708 130,708 130,708 130,708 130,708 - -
Announcement Date 5/11/22 5/10/23 5/14/24 5/12/25 5/13/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.31x1.71x8.31x1.92% 54.51B
17.72x2.44x9.67x2.9% 43.13B
33.46x5.84x17.38x0.72% 34.25B
32.09x3.33x17.07x0.98% 32.77B
27.29x4.3x14.4x0.86% 31.5B
11.79x1.41x6.57x2.61% 29.3B
20.21x6.3x12.42x2.15% 23.33B
67.76x4.24x65.59x0.34% 20.9B
15.23x1.92x7.72x1.44% 20.31B
Average 26.65x 3.50x 17.68x 1.54% 32.22B
Weighted average by Cap. 24.63x 3.31x 15.48x 1.64%

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

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  5. Valuation Sagar Cements Limited