Company Valuation: Orient Paper & Industries Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 5,209 7,299 7,931 8,738 4,853 2,954
Change - 40.12% 8.66% 10.17% -44.46% -39.13%
Enterprise Value (EV) 1 5,974 9,361 10,644 11,928 7,203 5,868
Change - 56.7% 13.71% 12.07% -39.61% -18.53%
P/E -11.2x -25.3x 7.99x 140x -8.88x -10.3x
PBR 0.35x 0.47x 0.52x 0.54x 0.32x 0.2x
PEG - 0.7x -0x -1.5x 0x 0.2x
Capitalization / Revenue 1.17x 1.25x 0.84x 1.05x 0.54x 0.33x
EV / Revenue 1.35x 1.6x 1.13x 1.43x 0.8x 0.65x
EV / EBITDA -18.6x -63.3x 6.5x 18.6x -56.9x -19x
EV / EBIT -9.47x -20.8x 8x 52.1x -11.7x -6.91x
EV / FCF -41.8x -7.1x -10.9x -19.6x -10.9x -10.7x
FCF Yield -2.39% -14.1% -9.16% -5.11% -9.16% -9.39%
Dividend per Share 2 0.25 0.25 1 0.25 - -
Rate of return 1.02% 0.73% 2.68% 0.61% - -
EPS 2 -2.194 -1.361 4.677 0.2934 -2.576 -1.358
Distribution rate -11.4% -18.4% 21.4% 85.2% - -
Net sales 1 4,434 5,857 9,430 8,319 8,958 9,060
EBITDA 1 -320.8 -147.9 1,637 642.1 -126.7 -308.4
EBIT 1 -630.8 -449.6 1,330 229 -617.7 -849.4
Net income 1 -465.5 -288.8 992.5 62.25 -546.6 -288.1
Net Debt 1 764.6 2,062 2,712 3,191 2,350 2,915
Reference price 2 24.55 34.40 37.38 41.18 22.87 13.92
Nbr of stocks (in thousands) 212,186 212,186 212,186 212,186 212,186 212,186
Announcement Date 02/08/21 15/07/22 14/07/23 08/07/24 31/07/25 07/07/26
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 36.56M
9.79x1.32x8.98x2.04% 5.22B
13.77x0.68x6.24x4.72% 1.51B
16.75x - - - 1.22B
4.56x - - - 920M
14.03x0.66x9.03x1.12% 953M
Average 11.78x 0.89x 8.09x 2.63% 1.64B
Weighted average by Cap. 11.19x 1.12x 8.45x 2.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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