Company Valuation: Ipca Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 270,385 205,589 313,934 381,038 406,231 440,380 - -
Change - -23.96% 52.7% 21.38% 6.61% 8.41% - -
Enterprise Value (EV) 1 275,070 201,870 325,349 391,231 408,673 428,556 416,720 409,549
Change - -26.61% 61.17% 20.25% 4.46% 4.87% -2.76% -1.72%
P/E 30.6x 43.6x 57.4x 51.6x 35.6x 31.6x 26.5x 22.6x
PBR 4.92x 2.58x 4.96x 5.48x 5.04x 4.68x 4.04x 3.39x
PEG - -0.9x 3.6x 1.5x 0.7x 1.4x 1.4x 1.3x
Capitalization / Revenue 4.64x 3.29x 4.07x 4.26x 4.21x 4.09x 3.67x 3.31x
EV / Revenue 4.72x 3.23x 4.22x 4.38x 4.24x 3.98x 3.47x 3.08x
EV / EBITDA 21x 21.8x 24.6x 22.7x 20.7x 18.2x 15.3x 13.1x
EV / EBIT 25.6x 30.3x 33.8x 29.5x 26.2x 22.6x 19x 16x
EV / FCF 72.9x 64.8x 60.9x 71.7x 83.5x 45.2x 37.9x 28x
FCF Yield 1.37% 1.54% 1.64% 1.4% 1.2% 2.21% 2.64% 3.57%
Dividend per Share 2 8 4 4 2 6 5.792 6.258 6.25
Rate of return 0.75% 0.49% 0.32% 0.13% 0.37% 0.33% 0.36% 0.36%
EPS 2 34.85 18.58 21.57 29.08 44.98 54.99 65.61 76.72
Distribution rate 23% 21.5% 18.5% 6.88% 13.3% 10.5% 9.54% 8.15%
Net sales 1 58,298 62,443 77,050 89,396 96,463 107,687 120,078 132,985
EBITDA 1 13,073 9,268 13,212 17,261 19,786 23,560 27,251 31,158
EBIT 1 10,748 6,652 9,639 13,283 15,604 18,921 21,987 25,600
Net income 1 8,841 4,713 5,474 7,377 11,411 14,000 16,697 19,470
Net Debt 1 4,685 -3,720 11,415 10,193 2,442 -11,824 -23,660 -30,831
Reference price 2 1,065.75 810.35 1,237.40 1,501.90 1,601.20 1,735.80 1,735.80 1,735.80
Nbr of stocks (in thousands) 253,704 253,704 253,704 253,704 253,704 253,704 - -
Announcement Date 24/05/22 29/05/23 29/05/24 29/05/25 29/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.53x3.98x18.17x0.33% 4.62B
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 18.66x 6.19x 16.81x 2.23% 359.69B
Weighted average by Cap. 24.44x 8.10x 18.28x 1.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Ipca Laboratories Limited