Company Valuation: Unitech Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 4,343 5,311 3,061 29,329 15,489 8,215
Change - 22.29% -42.36% 858.12% -47.19% -46.96%
Enterprise Value (EV) 1 74,994 72,161 72,340 98,870 90,175 80,205
Change - -3.78% 0.25% 36.67% -8.79% -11.06%
P/E -0.27x -0.52x -0.11x -0.88x -0.6x -0.33x
PBR 0.14x 0.27x -0.36x -0.7x -0.23x -0.09x
PEG - 0x -0x -0x 0x 0.06x
Capitalization / Revenue 0.79x 1x 0.75x 6.15x 4.81x 1.6x
EV / Revenue 13.7x 13.5x 17.8x 20.7x 28x 15.7x
EV / EBITDA -75.2x -225x -260x -12.9x -21.1x -1,416x
EV / EBIT -71.3x -195x -213x -12.8x -21x -805x
EV / FCF 13.5x 11.8x 4.25x 4x 11.4x 7.55x
FCF Yield 7.41% 8.47% 23.5% 25% 8.81% 13.2%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -6.08 -3.87 -10.65 -12.72 -9.913 -9.39
Distribution rate - - - - - -
Net sales 1 5,482 5,335 4,055 4,773 3,217 5,122
EBITDA 1 -997.1 -321 -277.9 -7,675 -4,272 -56.65
EBIT 1 -1,052 -370.5 -340.4 -7,723 -4,294 -99.64
Net income 1 -15,906 -10,120 -27,877 -33,267 -25,935 -24,557
Net Debt 1 70,651 66,849 69,279 69,541 74,686 71,990
Reference price 2 1.660 2.030 1.170 11.210 5.920 3.140
Nbr of stocks (in thousands) 2,616,301 2,616,301 2,616,301 2,616,301 2,616,301 2,616,301
Announcement Date 6/15/22 3/9/23 9/5/23 9/3/24 9/1/25 5/28/26
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.63x5.21x14.02x3.04% 47.38B
9.3x1.56x8.16x3.82% 32.18B
18.25x4.03x16.32x1.35% 27.9B
5.48x0.66x1.38x9.12% 26.37B
13.89x3.09x14.78x2.52% 25.36B
11.15x2.12x9.92x3.98% 21.12B
7.95x0.88x3.21x2.81% 20.33B
10.79x1.69x14.65x3.5% 19.68B
13.38x6.55x17.49x1.59% 19.4B
Average 11.87x 2.87x 11.10x 3.53% 26.64B
Weighted average by Cap. 12.36x 3.04x 11.24x 3.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA