Company Valuation: SBC Exports Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 435.4 1,156 3,901 6,390 6,000 14,290
Change - 165.37% 237.55% 63.84% -6.11% 138.17%
Enterprise Value (EV) 1 497.9 1,212 4,123 6,868 7,234 16,381
Change - 143.53% 240.01% 66.6% 5.33% 126.45%
P/E 22x 34.1x 55.8x 69.4x 45x 56.6x
PBR 1.94x 4.38x 11.1x 14.5x 10.8x 17.8x
PEG - 0.5x 1x 2.2x 1x 0.6x
Capitalization / Revenue 0.34x 0.69x 1.99x 3.05x 2x 3.54x
EV / Revenue 0.38x 0.72x 2.11x 3.28x 2.41x 4.06x
EV / EBITDA 11.5x 15.7x 38.8x 39.5x 38.9x 48.2x
EV / EBIT 14x 17.3x 43.3x 43.4x 42.6x 50.9x
EV / FCF -14x 49.6x -20.7x -25.3x -8.29x -17.9x
FCF Yield -7.13% 2.02% -4.82% -3.95% -12.1% -5.58%
Dividend per Share 2 - - 0.0222 0.0333 - -
Rate of return - - 0.27% 0.25% - -
EPS 2 0.0416 0.0711 0.1467 0.1933 0.28 0.53
Distribution rate - - 15.1% 17.2% - -
Net sales 1 1,299 1,682 1,957 2,094 3,000 4,032
EBITDA 1 43.17 77.23 106.2 173.8 186 339.9
EBIT 1 35.63 70.15 95.24 158.1 170 321.9
Net income 1 18.36 34.3 68.93 92.76 133.7 252.7
Net Debt 1 62.44 56.94 222.1 477.7 1,234 2,091
Reference price 2 0.91 2.43 8.19 13.42 12.60 30.01
Nbr of stocks (in thousands) 476,190 476,190 476,190 476,190 476,190 476,190
Announcement Date 9/6/21 9/2/22 9/2/23 9/5/24 9/5/25 9/5/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 332M
9.3x0.53x5.67x3.87% 3.8B
33.66x4.6x22.55x0.56% 3.74B
34.11x1.95x15.9x - 2.14B
14.27x1.72x7.29x3.15% 2.13B
10.14x - - 5.81% 1.81B
11.04x - - 7.86% 1.56B
12.04x1.38x8.97x1.35% 1.51B
Average 17.79x 2.04x 12.07x 3.77% 2.13B
Weighted average by Cap. 19.08x 2.19x 12.68x 3.32%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SBC Exports Limited

Historical PBR trend

Valuation ratios - PBR - SBC Exports Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SBC Exports Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SBC Exports Limited

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