Company Valuation: McLeod Russel India Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,995 2,382 1,765 2,496 3,525 3,026
Change - 19.37% -25.88% 41.42% 41.21% -14.16%
Enterprise Value (EV) 1 23,638 23,019 21,266 21,389 22,457 17,403
Change - -2.62% -7.62% 0.58% 4.99% -22.5%
P/E -3.8x -1.32x -0.17x -0.8x -1.78x -2.45x
PBR 0.11x 0.14x 0.31x 1x 6.22x -5.99x
PEG - -0x -0x 0x 0x 0.1x
Capitalization / Revenue 0.14x 0.18x 0.13x 0.22x 0.3x 0.26x
EV / Revenue 1.64x 1.7x 1.55x 1.88x 1.89x 1.51x
EV / EBITDA 12.3x 33.7x 22.3x -20.1x 110x -74x
EV / EBIT 22.4x -974x 76.5x -12.4x -55.1x -20.6x
EV / FCF 13.4x 25.6x 11.3x 20.8x 40.5x -1.66x
FCF Yield 7.44% 3.91% 8.86% 4.82% 2.47% -60.4%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -5.02 -17.32 -101.1 -29.83 -18.94 -11.82
Distribution rate - - - - - -
Net sales 1 14,384 13,558 13,696 11,359 11,854 11,544
EBITDA 1 1,915 683.1 955.7 -1,062 203.5 -235.1
EBIT 1 1,054 -23.64 277.8 -1,718 -407.5 -844.5
Net income 1 -523.9 -1,809 -10,565 -3,116 -1,979 -1,235
Net Debt 1 21,643 20,638 19,501 18,892 18,931 14,377
Reference price 2 19.10 22.80 16.90 23.90 33.75 28.97
Nbr of stocks (in thousands) 104,456 104,456 104,456 104,456 104,456 104,456
Announcement Date 26/11/21 08/09/22 07/09/23 06/09/24 04/09/25 08/09/26
1INR in Million2INR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 46.95M
50.03x4.17x28.86x1.15% 10.15B
27.74x2.97x17.03x0.75% 1.46B
13.74x1.01x5.58x4.26% 1.22B
-19.26x - - - 790M
24.46x - - - 722M
Average 19.34x 2.72x 17.16x 2.05% 2.4B
Weighted average by Cap. 39.57x 3.73x 25.31x 1.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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