Company Valuation: SRF Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 793,949 713,257 758,121 871,296 722,447 755,928 - -
Change - -10.16% 6.29% 14.93% -17.08% 4.63% - -
Enterprise Value (EV) 1 824,839 745,733 799,193 907,171 760,747 791,416 785,334 772,579
Change - -9.59% 7.17% 13.51% -16.14% 4.03% -0.77% -1.62%
P/E 42x 33x 56.8x 69.7x 39.4x 31.7x 28.3x 24.8x
PBR 9.27x 6.91x 6.6x 6.9x 5.14x 4.69x 4.1x 3.55x
PEG - 2.3x -1.5x -10.98x 0.8x 1.1x 2.4x 1.8x
Capitalization / Revenue 6.39x 4.8x 5.77x 5.93x 4.58x 4.14x 3.72x 3.32x
EV / Revenue 6.63x 5.01x 6.08x 6.17x 4.82x 4.34x 3.87x 3.39x
EV / EBITDA 26x 21.1x 30.9x 33.4x 22.3x 18.6x 16.7x 14.5x
EV / EBIT 31x 25.2x 41.8x 46.6x 29.7x 23.7x 21.6x 18.3x
EV / FCF 301x 1,174x -649x 72.2x 103x 92x 61.9x 44.5x
FCF Yield 0.33% 0.09% -0.15% 1.38% 0.97% 1.09% 1.62% 2.25%
Dividend per Share 2 7.15 7.2 7.2 7.2 5 9.298 10.84 12.25
Rate of return 0.27% 0.3% 0.28% 0.24% 0.21% 0.36% 0.43% 0.48%
EPS 2 63.75 72.95 45.06 42.2 61.91 80.48 90 102.7
Distribution rate 11.2% 9.87% 16% 17.1% 8.08% 11.6% 12% 11.9%
Net sales 1 124,337 148,702 131,385 146,931 157,865 182,538 203,174 227,968
EBITDA 1 31,759 35,292 25,841 27,184 34,096 42,652 46,984 53,372
EBIT 1 26,587 29,539 19,115 19,469 25,576 33,379 36,280 42,199
Net income 1 18,889 21,623 13,357 12,508 18,352 23,895 26,559 30,442
Net Debt 1 30,890 32,476 41,071 35,875 38,301 35,488 29,406 16,652
Reference price 2 2,678.45 2,406.20 2,557.55 2,939.35 2,437.20 2,550.15 2,550.15 2,550.15
Nbr of stocks (in thousands) 296,421 296,425 296,425 296,425 296,425 296,425 - -
Announcement Date 5/9/22 5/9/23 5/7/24 5/12/25 5/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.37x4.42x18.94x0.36% 8.17B
19.36x3.43x9.72x2.04% 70.03B
12.64x0.95x7.95x4.26% 53.54B
58.38x9.37x39.91x0.93% 17.64B
13.41x0.88x6.23x2.73% 14.31B
13.46x0.78x5.13x2.55% 11.2B
15.94x0.72x7.8x3.1% 10.27B
38.26x1.73x9.15x2.01% 9.67B
5.29x0.63x2.64x1.29% 7.93B
19.65x3.62x11.81x2.75% 6.86B
Average 22.87x 2.65x 11.93x 2.2% 20.96B
Weighted average by Cap. 20.89x 2.71x 11.36x 2.57%

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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  3. SRF Stock
  4. Valuation SRF Limited