Company Valuation: Morepen Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 4,291 14,462 17,488 13,127 21,500 26,220
Change - 237% 20.93% -24.94% 63.79% 21.95%
Enterprise Value (EV) 1 5,486 15,415 18,663 13,162 21,620 26,219
Change - 180.98% 21.07% -29.48% 64.27% 21.27%
P/E 12.8x 15x 18.7x 33.4x 22.4x 21.8x
PBR 1.51x 3.4x 3.02x 1.74x 2.54x 2.27x
PEG - 0x -2.12x -0.6x 0x 1.3x
Capitalization / Revenue 0.5x 1.21x 1.12x 0.92x 1.26x 1.45x
EV / Revenue 0.64x 1.29x 1.2x 0.93x 1.27x 1.45x
EV / EBITDA 8.19x 12.5x 13.9x 19.2x 14x 16.2x
EV / EBIT 14.9x 15.7x 15.8x 23.5x 15.8x 18.1x
EV / FCF -31.9x -54.9x -13x -47.9x -94x -11.8x
FCF Yield -3.13% -1.82% -7.71% -2.09% -1.06% -8.51%
Dividend per Share 2 - - - - - 0.2
Rate of return - - - - - 0.42%
EPS 2 0.7465 2.15 1.96 0.77 1.88 2.2
Distribution rate - - - - - 9.09%
Net sales 1 8,584 11,980 15,558 14,220 17,019 18,116
EBITDA 1 670.3 1,230 1,338 686.6 1,545 1,620
EBIT 1 369 981.7 1,180 560.8 1,366 1,451
Net income 1 335.8 970.9 1,017 386.8 961.6 1,180
Net Debt 1 1,195 953.1 1,174 34.98 120.5 -0.928
Reference price 2 9.54 32.15 36.60 25.68 42.06 47.85
Nbr of stocks (in thousands) 449,826 449,826 477,826 511,169 511,169 547,954
Announcement Date 05/09/20 04/09/21 02/09/22 04/09/23 01/08/24 12/08/25
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 306M
35.93x12.68x26.75x0.57% 1,067B
28.24x6.45x17.87x2.04% 635B
33.87x7.65x15.73x2.65% 458B
19.22x4.69x11.59x2.82% 347B
21.56x5.71x14.24x2.81% 295B
21.1x4.45x12.31x1.98% 262B
14.14x5.26x10.84x3.54% 216B
24.66x6.48x11.43x2.68% 203B
-46.58x5.59x30.88x2.55% 161B
Average 16.90x 6.55x 16.85x 2.4% 364.38B
Weighted average by Cap. 24.95x 7.95x 18.71x 1.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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