Company Valuation: Simplex Infrastructures Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,757 2,703 1,937 5,854 21,644 10,994
Change - 53.82% -28.33% 202.21% 269.71% -49.2%
Enterprise Value (EV) 1 47,494 56,001 61,223 77,084 42,261 25,783
Change - 17.91% 9.33% 25.91% -45.17% -38.99%
P/E -0.37x -0.51x -0.41x -8.1x 159x 26.7x
PBR 0.14x 0.36x 0.64x 2.52x 4.13x 1.13x
PEG - -0x 0x 0.1x -1x 0x
Capitalization / Revenue 0.08x 0.13x 0.1x 0.42x 2.01x 1.08x
EV / Revenue 2.16x 2.74x 3.27x 5.55x 3.93x 2.52x
EV / EBITDA 217x 129x 315x 255x 186x 46.6x
EV / EBIT -46.2x -91.6x -92.5x -195x -132x 99x
EV / FCF -10.1x -11.2x -11.7x -6.76x 1.02x 18.7x
FCF Yield -9.9% -8.92% -8.55% -14.8% 97.8% 5.35%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -82.13 -92.42 -82.41 -12.65 2.02 5.2
Distribution rate - - - - - -
Net sales 1 22,000 20,468 18,738 13,885 10,756 10,212
EBITDA 1 219.1 434.3 194.5 302 227 552.7
EBIT 1 -1,029 -611.4 -662.2 -394.6 -321.3 260.5
Net income 1 -4,693 -5,281 -4,709 -722.7 115.8 400.1
Net Debt 1 45,737 53,298 59,286 71,230 20,618 14,789
Reference price 2 30.75 47.30 33.90 102.45 321.95 139.00
Nbr of stocks (in thousands) 57,143 57,143 57,143 57,143 67,227 79,095
Announcement Date 9/7/21 9/5/22 9/6/23 8/28/24 9/2/25 8/29/26
1INR in Million2INR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
57.17x2.64x25.17x0.07% 99.62B
11.62x1.01x5.53x5.03% 65.88B
34.7x4.37x23.7x0.19% 59.21B
24.76x1.92x18.92x1.19% 52.66B
48.38x3.9x24.64x2% 37.76B
23.48x1.6x14.78x0.2% 33.92B
27.15x0.68x11.23x2.27% 33.56B
21.83x0.43x6.79x2.83% 28.72B
5.01x0.31x5.98x5.63% 26.71B
Average 28.23x 1.87x 15.19x 2.16% 48.67B
Weighted average by Cap. 32.22x 2.13x 16.97x 1.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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