Company Valuation: NCC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 35,707 66,740 145,912 131,534 82,185 73,270 - -
Change - 86.91% 118.63% -9.85% -37.52% -10.85% - -
Enterprise Value (EV) 1 41,962 70,079 145,520 132,999 93,051 83,092 83,053 72,573
Change - 67.01% 107.65% -8.6% -30.04% -10.7% -0.05% -12.62%
P/E 7.34x 11.6x 23.1x 17.3x 14.2x 11.2x 8.66x 7.21x
PBR 0.62x 1.05x 2.14x 1.77x 1.09x 0.9x 0.83x 0.74x
PEG - 0.8x 2.3x 0.8x -0.6x 0.9x 0.3x 0.4x
Capitalization / Revenue 0.36x 0.5x 0.8x 0.68x 0.47x 0.38x 0.33x 0.28x
EV / Revenue 0.42x 0.52x 0.79x 0.69x 0.53x 0.43x 0.38x 0.28x
EV / EBITDA 4.21x 5.22x 8.83x 7.62x 6.42x 5.01x 4.24x 3.13x
EV / EBIT 5.16x 6.13x 10.1x 8.68x 7.63x 5.88x 4.93x 3.56x
EV / FCF 3.88x 13.2x 14.2x 26.2x -596x 11.4x 10.1x -
FCF Yield 25.8% 7.58% 7.03% 3.82% -0.17% 8.77% 9.87% -
Dividend per Share 2 2 2.2 2.2 2.2 2.2 2.186 2.385 2.7
Rate of return 3.42% 2.07% 0.95% 1.05% 1.68% 1.87% 2.04% 2.31%
EPS 2 7.98 9.13 10.06 12.12 9.19 10.38 13.48 16.2
Distribution rate 25.1% 24.1% 21.9% 18.2% 23.9% 21.1% 17.7% 16.7%
Net sales 1 99,300 133,513 183,144 192,053 174,635 191,622 220,173 261,099
EBITDA 1 9,961 13,425 16,481 17,456 14,483 16,577 19,596 23,186
EBIT 1 8,138 11,427 14,389 15,327 12,199 14,126 16,836 20,362
Net income 1 4,901 5,692 6,315 7,611 5,768 6,518 8,459 10,167
Net Debt 1 6,255 3,339 -391.1 1,465 10,866 9,822 9,784 -696.3
Reference price 2 58.55 106.30 232.40 209.50 130.90 116.70 116.70 116.70
Nbr of stocks (in thousands) 609,847 627,847 627,847 627,847 627,847 627,847 - -
Announcement Date 11/05/22 26/05/23 15/05/24 15/05/25 15/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.14x0.43x4.97x1.89% 764M
49.96x2.32x22.11x0.08% 87.02B
12.07x1.03x5.68x4.83% 67.08B
24.64x1.92x19.21x1.16% 53.16B
25.35x3.1x17.2x0.26% 45.01B
51.08x4.06x25.61x1.9% 39.24B
26.32x0.66x10.8x2.36% 31.96B
19.96x1.39x12.85x0.23% 29.39B
5.28x0.34x6.68x5.33% 28.38B
21.83x0.41x6.5x2.81% 27.2B
Average 24.76x 1.57x 13.16x 2.09% 40.92B
Weighted average by Cap. 28.82x 1.84x 15.15x 1.93%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NCC Limited

Historical PBR trend

Valuation ratios - PBR - NCC Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NCC Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NCC Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - NCC Limited
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