Company Valuation: Shree Rama Newsprint Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 2,456 2,515 1,645 2,161 4,840 4,389
Change - 2.4% -34.6% 31.39% 123.96% -9.33%
Enterprise Value (EV) 1 6,926 7,310 5,254 5,799 8,447 8,142
Change - 5.53% -28.12% 10.38% 45.65% -3.61%
P/E -3.19x -3.6x -1.39x -4.47x -4.55x -6.4x
PBR 0.75x 0.97x 1.17x 2.34x -34.3x -5.31x
PEG - 0.38x -0x 0.1x -0x 0.2x
Capitalization / Revenue 0.93x 0.76x 3.52x 4.59x 11x 13.4x
EV / Revenue 2.62x 2.22x 11.3x 12.3x 19.1x 24.9x
EV / EBITDA -42.3x -74.3x 115x 73.9x 73.3x 114x
EV / EBIT -16.1x -19.1x 1,232x 156x 115x 271x
EV / FCF -23.5x -137x -5.42x 22.8x 9.26x 24.4x
FCF Yield -4.25% -0.73% -18.4% 4.39% 10.8% 4.09%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -5.22 -4.73 -8.012 -3.278 -7.205 -4.646
Distribution rate - - - - - -
Net sales 1 2,649 3,297 467 470.4 441.3 327.2
EBITDA 1 -163.6 -98.32 45.79 78.43 115.2 71.65
EBIT 1 -430.5 -382.4 4.266 37.14 73.62 30.08
Net income 1 -769.7 -697.2 -1,182 -483.6 -1,063 -685.4
Net Debt 1 4,470 4,794 3,609 3,638 3,607 3,753
Reference price 2 16.65 17.05 11.15 14.65 32.81 29.75
Nbr of stocks (in thousands) 147,522 147,522 147,522 147,522 147,522 147,522
Announcement Date 24/08/21 29/08/22 02/09/23 02/09/24 02/09/25 01/09/26
1INR in Million2INR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 46.6M
25.9x8.02x22.98x2.45% 374B
15.34x2.16x11.05x4.55% 176B
36.27x8.04x26.02x-.--% 81.77B
21.19x6.11x13.62x3.33% 56.64B
20.56x2.31x12.72x2.45% 45.22B
19.02x2.69x10.5x3.02% 42.23B
15.55x1.46x7.21x4.01% 22.79B
17.58x1.55x9.68x2.58% 20.93B
16.48x1.45x7.11x4.96% 18.31B
Average 20.88x 3.75x 13.43x 3.04% 83.72B
Weighted average by Cap. 23.05x 5.60x 17.85x 2.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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