Company Valuation: NCL Industries Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 7,760 8,040 8,056 8,345 8,248 6,719
Change - 3.61% 0.2% 3.59% -1.17% -18.54%
Enterprise Value (EV) 1 10,368 12,060 11,499 10,815 11,301 9,644
Change - 16.32% -4.65% -5.95% 4.5% -14.66%
P/E 5.34x 8.59x 18.2x 8.95x 32.7x 7.04x
PBR 1.17x 1.09x 1.05x 0.98x 0.96x 0.71x
PEG - -0.2x -0.3x 0x -0.4x 0x
Capitalization / Revenue 0.56x 0.49x 0.5x 0.45x 0.58x 0.47x
EV / Revenue 0.75x 0.74x 0.71x 0.58x 0.8x 0.68x
EV / EBITDA 3.68x 5.84x 7.27x 4.91x 9.4x 4.7x
EV / EBIT 4.37x 7.55x 10.5x 6.59x 17.6x 6.46x
EV / FCF 7.69x -8.29x 15.2x 12x -30.7x 48.4x
FCF Yield 13% -12.1% 6.57% 8.33% -3.26% 2.07%
Dividend per Share 2 4 3 3 4 3 3.5
Rate of return 2.33% 1.69% 1.68% 2.17% 1.65% 2.36%
EPS 2 32.16 20.69 9.791 20.61 5.571 21.09
Distribution rate 12.4% 14.5% 30.6% 19.4% 53.9% 16.6%
Net sales 1 13,837 16,334 16,097 18,714 14,108 14,221
EBITDA 1 2,817 2,064 1,583 2,203 1,202 2,051
EBIT 1 2,374 1,597 1,091 1,642 642.8 1,493
Net income 1 1,454 943.5 442.9 932.2 252 953.9
Net Debt 1 2,608 4,020 3,443 2,469 3,053 2,924
Reference price 2 171.55 177.75 178.10 184.50 182.35 148.55
Nbr of stocks (in thousands) 45,233 45,233 45,233 45,233 45,233 45,233
Announcement Date 06/09/21 05/09/22 03/09/23 29/08/24 03/09/25 24/08/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 79.18M
17.62x2.42x9.61x2.93% 42.69B
27.3x5.93x17.88x0.7% 34.89B
32.57x3.37x17.34x1.03% 33.74B
28.98x4.46x15.09x0.83% 32.71B
11.24x1.36x6.35x2.73% 27.91B
17.45x5.5x11.5x2.56% 20.35B
66.57x4.13x63.98x0.35% 20.67B
15.19x1.92x7.77x1.44% 20.33B
24.37x3.23x11.22x-.--% 14.28B
Average 26.81x 3.59x 17.86x 1.4% 24.76B
Weighted average by Cap. 26.06x 3.60x 16.82x 1.52%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NCL Industries Limited

Historical PBR trend

Valuation ratios - PBR - NCL Industries Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NCL Industries Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NCL Industries Limited

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