Company Valuation: Kartik Investments Trust Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 148 169.3 146.4 145.2 183 240.8
Change - 14.44% -13.54% -0.83% 26.05% 31.6%
Enterprise Value (EV) 1 141.8 163.3 140.9 139.8 177.5 235.5
Change - 15.14% -13.71% -0.81% 26.97% 32.73%
P/E -2,426x -1,045x -342x -600x -3,261x -931x
PBR 5.71x 5.18x 4.32x 3.61x 4.09x 5.74x
PEG - -6x -2x 13.8x 42.5x -3x
Capitalization / Revenue 220x 281x 412x 274x 247x 407x
EV / Revenue 211x 271x 397x 264x 239x 399x
EV / EBITDA - - - - - -
EV / EBIT -1,425x -1,060x -329x -568x -3,060x -906x
EV / FCF 3,414x -1,987x -391x -13,002x -4,302x -1,458x
FCF Yield 0.03% -0.05% -0.26% -0.01% -0.02% -0.07%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.25 -0.6644 -1.754 -0.9918 -0.23 -1.06
Distribution rate - - - - - -
Net sales 1 0.6734 0.6025 0.355 0.53 0.741 0.591
EBITDA - - - - - -
EBIT 1 -0.0995 -0.1541 -0.428 -0.246 -0.058 -0.26
Net income 1 -0.0603 -0.1621 -0.428 -0.242 -0.056 -0.258
Net Debt 1 -6.151 -6.047 -5.493 -5.41 -5.533 -5.282
Reference price 2 606.45 694.00 600.00 595.00 750.00 987.00
Nbr of stocks (in thousands) 244 244 244 244 244 244
Announcement Date 28/08/20 02/08/21 04/08/22 11/07/23 05/07/24 11/07/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 25.47M
21.08x6x12.85x1.98% 179B
14.85x3.59x - 2.39% 162B
17.2x7.58x - 1.46% 108B
25.37x13.29x22.8x3.85% 83.49B
13.99x5.34x - 1.87% 51.4B
12.19x1.88x5.75x1.2% 49.08B
5.73x5.64x4.13x3.26% 39.48B
14.44x5.26x16.4x1.82% 33.65B
Average 15.61x 6.07x 12.39x 2.23% 78.46B
Weighted average by Cap. 17.26x 6.16x 13.52x 2.22%

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 Kartik Investments Trust Limited