Company Valuation: Unichem Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 21,776 18,330 20,351 34,393 48,777 20,682
Change - -15.83% 11.02% 69% 41.82% -57.6%
Enterprise Value (EV) 1 19,829 18,094 21,638 35,346 52,479 22,788
Change - -8.75% 19.59% 63.35% 48.47% -56.58%
P/E 63.4x 55.6x -10.1x -48.8x 35.6x 8.19x
PBR 0.85x 0.7x 0.84x 1.46x 1.99x 0.76x
PEG - -13.88x 0x 0.7x -0x 0.1x
Capitalization / Revenue 1.76x 1.44x 1.52x 2.02x 2.31x 0.94x
EV / Revenue 1.61x 1.42x 1.61x 2.07x 2.49x 1.03x
EV / EBITDA 23.6x 24.2x -45.1x 37.5x 20.4x 12.6x
EV / EBIT 273x -166x -13.9x -272x 37.4x 35.8x
EV / FCF -9.72x -5.18x -29.2x 64.1x -23.3x -20.8x
FCF Yield -10.3% -19.3% -3.42% 1.56% -4.3% -4.8%
Dividend per Share 2 4 4 - - - -
Rate of return 1.29% 1.54% - - - -
EPS 2 4.875 4.68 -28.72 -10.01 19.47 35.85
Distribution rate 82% 85.5% - - - -
Net sales 1 12,351 12,698 13,430 17,049 21,110 22,018
EBITDA 1 838.6 747 -480.2 943.7 2,577 1,815
EBIT 1 72.76 -109 -1,556 -129.9 1,403 635.7
Net income 1 343.2 330.6 -2,022 -704.7 1,375 2,528
Net Debt 1 -1,948 -236.2 1,288 952.6 3,702 2,107
Reference price 2 309.30 260.35 289.05 488.50 692.80 293.75
Nbr of stocks (in thousands) 70,406 70,406 70,406 70,406 70,406 70,406
Announcement Date 7/2/21 7/12/22 8/30/23 7/11/24 7/4/25 7/3/26
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 367M
33.78x12.37x24.91x0.57% 1,062B
28.59x - - 2.09% 619B
32.06x7.3x15.18x2.84% 431B
20.32x4.82x11.94x2.74% 358B
21.87x5.66x14.12x2.84% 293B
20.44x4.22x11.99x2.09% 247B
25.38x6.71x11.89x2.49% 219B
13.28x4.8x10.09x3.83% 200B
-40.65x5.84x32.95x2.52% 162B
Average 17.23x 6.46x 16.63x 2.44% 359.26B
Weighted average by Cap. 24.43x 8.10x 18.28x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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