Company Valuation: SPRAYKINGPAR

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 68.85 82.17 749.9 2,207 710.2 215.6
Change - 19.35% 812.6% 194.31% -67.82% -69.64%
Enterprise Value (EV) 1 72.23 78.16 762.8 2,517 1,177 457.4
Change - 8.21% 875.91% 230% -53.25% -61.13%
P/E 11.1x 23.8x 27.9x 34.6x 9.77x 11.3x
PBR 0.79x 0.9x 3.03x 7.47x 2.24x 0.37x
PEG - -0.5x 0x 0x 0.7x -0.2x
Capitalization / Revenue 0.37x 0.53x 3.88x 2.17x 0.54x 0.16x
EV / Revenue 0.39x 0.5x 3.95x 2.48x 0.9x 0.35x
EV / EBITDA 251x 16x 30.1x 16.3x 8.63x 4.26x
EV / EBIT -53.4x 16.7x 31.5x 18.7x 9.95x 6.01x
EV / FCF 5.12x 10.1x -4.85x -14.6x -7.95x -2.52x
FCF Yield 19.5% 9.88% -20.6% -6.85% -12.6% -39.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0587 0.0327 0.1271 0.3015 0.344 0.0901
Distribution rate - - - - - -
Net sales 1 186.6 156.2 193.3 1,017 1,313 1,316
EBITDA 1 0.2878 4.887 25.36 154.3 136.3 107.3
EBIT 1 -1.352 4.69 24.25 134.8 118.2 76.08
Net income 1 6.204 3.468 17 89.16 72.72 19.04
Net Debt 1 3.379 -4.013 12.86 310.1 466.6 241.8
Reference price 2 0.651 0.777 3.548 10.442 3.360 1.020
Nbr of stocks (in thousands) 105,759 105,759 211,359 211,359 211,359 211,359
Announcement Date 9/9/21 8/31/22 8/28/23 9/6/24 8/26/25 9/4/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.32x10.17x15.58x1.96% 172B
24.36x3.63x8.66x0.82% 104B
11.34x1.31x5.42x3.13% 51.96B
19.17x3.61x12.29x0.92% 21.48B
31.63x - - 1.29% 19.41B
6.89x0.28x7.8x6.17% 18.87B
19.6x1.14x9.86x2.24% 16.77B
10.89x1.52x10.49x3.01% 16.36B
Average 18.78x 3.09x 10.02x 2.44% 52.61B
Weighted average by Cap. 22.13x 5.79x 11.49x 1.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA