Company Valuation: Surya Roshni Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,045 35,086 54,617 53,037 40,920 47,975 -
Change - 59.15% 55.67% -2.89% -22.85% 17.24% -
Enterprise Value (EV) 27,968 39,257 54,699 53,037 40,920 47,975 47,975
Change - 40.36% 39.34% -3.04% -22.85% 17.24% 0%
P/E 11x 10.7x 16.8x 15.3x 14.3x 11.2x 9.38x
PBR 1.43x 1.9x 2.55x 2.16x 1.55x 1.6x 1.4x
PEG - 0.2x -8.77x 2.57x -0.8x 0.2x 0.5x
Capitalization / Revenue 0.29x 0.44x 0.7x 0.71x 0.54x 0.55x 0.5x
EV / Revenue 0x 0x 0x 0x 0x 0.55x 0.5x
EV / EBITDA 0x 0x 0x 0x 0x 7.22x 6.11x
EV / EBIT 0x 0x 0x 0x 0x 9.22x 7.65x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 - - - 3 5 3.5 4
Rate of return - - - 1.23% 2.66% 1.59% 1.81%
EPS 2 9.4 15.4 15.11 16.01 13.12 19.7 23.5
Distribution rate - - - 18.7% 38.1% 17.8% 17%
Net sales 1 77,301 79,960 78,085 74,352 75,398 87,416 95,767
EBITDA 1 4,425 6,140 5,721 5,792 4,873 6,644 7,853
EBIT 1 3,341 4,986 4,549 1,713 3,573 5,205 6,269
Net income 1 2,046 3,353 3,289 3,484 2,856 4,251 5,080
Net Debt 5,923 4,171 82 - - - -
Reference price 2 103.36 164.48 254.10 244.37 188.08 220.46 220.46
Nbr of stocks (in thousands) 213,280 213,320 214,941 217,036 217,568 217,615 -
Announcement Date 19/05/22 27/04/23 14/05/24 14/05/25 25/05/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.71x1.89x10.45x0.53% 33.97B
11.76x0.47x4.51x4.49% 18.84B
20.9x2x10.42x0.21% 12.59B
8.74x0.64x4.16x4.72% 10.77B
10.34x - - - 10.47B
58.58x5.14x29.13x0.46% 10.18B
11.63x0.83x5.97x4.21% 9.7B
87.59x1.54x16.56x0.64% 9.17B
Average 28.91x 1.79x 11.60x 2.18% 14.46B
Weighted average by Cap. 25.39x 1.71x 10.66x 1.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield