Company Valuation: VTM Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 925.2 1,718 1,832 2,879 8,418 7,034
Change - 85.65% 6.63% 57.17% 192.41% -16.44%
Enterprise Value (EV) 1 431.7 1,185 1,153 2,437 8,583 7,541
Change - 174.47% -2.69% 111.35% 252.16% -12.14%
P/E 9.47x 11.5x 20.1x 15.7x 18.6x 63x
PBR 0.42x 0.73x 0.75x 1.09x 2.75x 2.23x
PEG - 0.2x -0.5x 0x 0x -0.8x
Capitalization / Revenue 0.65x 0.89x 0.88x 1.38x 2.44x 1.89x
EV / Revenue 0.3x 0.61x 0.55x 1.17x 2.49x 2.03x
EV / EBITDA 2.62x 5.1x 6.69x 9.38x 12.8x 27.4x
EV / EBIT 4.9x 8.41x 15.4x 14.2x 14.9x 46.4x
EV / FCF -8.63x 88.5x 7.51x -8.71x -13.3x -41.6x
FCF Yield -11.6% 1.13% 13.3% -11.5% -7.52% -2.4%
Dividend per Share 2 0.24 0.36 0.28 0.4 0.4 -
Rate of return 2.61% 2.11% 1.54% 1.4% 0.48% -
EPS 2 0.972 1.48 0.908 1.819 4.512 1.11
Distribution rate 24.7% 24.3% 30.8% 22% 8.87% -
Net sales 1 1,426 1,937 2,087 2,080 3,445 3,720
EBITDA 1 164.6 232.2 172.4 259.9 668.4 275.3
EBIT 1 88.18 140.9 75.04 171.6 574.9 162.5
Net income 1 97.88 148.9 91.38 182.9 453.7 112
Net Debt 1 -493.5 -532.7 -678.4 -441.5 165.1 507.2
Reference price 2 9.20 17.08 18.21 28.62 83.70 69.94
Nbr of stocks (in thousands) 100,569 100,569 100,569 100,569 100,569 100,569
Announcement Date 5/31/21 6/6/22 6/9/23 7/3/24 6/10/25 7/9/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 50.58M
35.59x4.8x23.16x0.53% 3.91B
33.58x1.92x15.66x - 2.09B
11.78x1.63x6.92x3.38% 2.01B
23.55x1.42x12.33x0.71% 1.48B
6.65x0.74x7.23x3.26% 1.26B
24.29x - - 1.3% 1.21B
Average 22.58x 2.10x 13.06x 1.84% 1.72B
Weighted average by Cap. 25.56x 2.71x 15.31x 1.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!