Company Valuation: Subros Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 21,384 19,577 33,596 36,539 41,405 46,934 - -
Change - -8.45% 71.61% 8.76% 13.32% 13.35% - -
Enterprise Value (EV) 1 21,384 19,577 33,596 36,539 41,325 46,234 44,434 46,934
Change - -8.45% 71.61% 8.76% 13.1% 11.88% -3.89% 5.63%
P/E 65.6x 40.7x 34.4x 24.3x 25x 26.6x 19.6x 14.7x
PBR 2.6x 2.26x 3.52x 3.34x 3.33x 3.36x 2.89x 2.46x
PEG - 0.9x 0x 0.5x 2.5x 4.14x 0.5x 0.4x
Capitalization / Revenue 0.96x 0.7x 1.09x 1.09x 1.1x 1.11x 0.97x 0.87x
EV / Revenue 0.96x 0.7x 1.09x 1.09x 1.1x 1.09x 0.92x 0.87x
EV / EBITDA 14.4x 11.7x 13.2x 11.3x 12.7x 12.9x 9.76x 8.44x
EV / EBIT 46.1x 34.2x 24.4x 18.8x 20.7x 23.2x 16.7x 12.6x
EV / FCF 47.7x 64.8x 74.2x 64.2x -93.4x 61.2x 27.9x -
FCF Yield 2.1% 1.54% 1.35% 1.56% -1.07% 1.63% 3.59% -
Dividend per Share 2 0.7 1 1.8 2.6 - - - -
Rate of return 0.21% 0.33% 0.35% 0.46% - - - -
EPS 2 5 7.37 14.97 23.05 25.4 27.03 36.7 48.9
Distribution rate 14% 13.6% 12% 11.3% - - - -
Net sales 1 22,386 28,063 30,706 33,676 37,555 42,468 48,488 54,039
EBITDA 1 1,487 1,675 2,542 3,223 3,243 3,574 4,552 5,560
EBIT 1 463.8 572.2 1,377 1,942 1,994 1,993 2,662 3,719
Net income 1 325.9 480.8 976.6 1,504 1,658 1,766 2,394 3,193
Net Debt 1 - - - - -79.8 -700 -2,500 -
Reference price 2 327.80 300.10 515.00 560.10 634.70 719.45 719.45 719.45
Nbr of stocks (in thousands) 65,236 65,236 65,236 65,236 65,236 65,236 - -
Announcement Date 5/24/22 5/25/23 5/23/24 5/22/25 5/18/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.61x1.09x12.94x - 489M
19.03x1.3x10.05x1.95% 43.18B
15.08x0.66x4.8x3.83% 32.64B
12.16x0.58x5.07x3.84% 30.14B
7.9x0.47x5.98x1.91% 23.74B
14.09x2.56x8.81x4.33% 19.88B
30.21x1.19x12.63x0.61% 17.86B
9.97x0.47x4.61x3.19% 16.49B
13.19x1.35x7x4.17% 15.73B
46.91x5.13x35.84x0.77% 14.67B
Average 19.51x 1.48x 10.77x 2.73% 21.48B
Weighted average by Cap. 17.50x 1.32x 9.33x 2.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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