Company Valuation: ZIM Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,178 2,596 3,528 4,653 3,908 3,203
Change - 120.48% 35.88% 31.91% -16.02% -18.03%
Enterprise Value (EV) 1 1,987 3,095 4,085 5,672 5,065 4,066
Change - 55.76% 31.98% 38.85% -10.7% -19.73%
P/E Ratio 16.1x 17.8x 14.5x 27x 32.1x 50.3x
PBR 0.73x 1.48x 1.76x 1.95x 1.55x 1.08x
PEG - 0.2x 0.2x -0.9x -1.1x -1x
Capitalization / Revenue 0.38x 0.78x 0.89x 1.27x 1.03x 0.86x
EV / Revenue 0.65x 0.93x 1.02x 1.54x 1.34x 1.09x
EV / EBITDA 5.22x 7.98x 8.19x 14.5x 12.8x 16.4x
EV / EBIT 8.26x 12.4x 11.6x 22.1x 20.6x 39.5x
EV / FCF 18.5x 12.8x -29.3x -8.48x -30.4x -26.5x
FCF Yield 5.41% 7.81% -3.41% -11.8% -3.29% -3.78%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 1.5 2.986 5.01 3.539 2.497 1.19
Distribution rate - - - - - -
Net sales 1 3,073 3,335 3,986 3,675 3,791 3,744
EBITDA 1 381 387.9 499 390.6 395.6 248.4
EBIT 1 240.6 250.3 352.6 256.7 245.7 103
Net income 1 73.18 145.5 244.3 172.5 121.7 58.38
Net Debt 1 809.6 498.9 557.4 1,019 1,158 863.1
Reference price 2 24.17 53.28 72.40 95.50 80.20 59.87
Nbr of stocks (in thousands) 48,726 48,726 48,726 48,726 48,726 53,500
Announcement Date 9/8/21 8/26/22 6/16/23 6/5/24 6/3/25 6/5/26
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 63.63M
37.29x7.06x24.07x0.83% 45.63B
17.01x1.89x8.98x1.43% 33.53B
26.82x3.3x16.88x0.9% 11.81B
24.23x4.23x15.75x0.73% 11.69B
19.49x3.37x12.21x3.5% 9.12B
8.33x1.96x5.12x5.2% 7.16B
14.59x1.91x7.25x3.68% 6.49B
33x3.75x15.96x0.24% 6.45B
41.73x - - - 5.16B
Average 24.72x 3.43x 13.28x 2.06% 13.71B
Weighted average by Cap. 26.50x 4.21x 15.78x 1.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation ZIM Laboratories Limited
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