Company Valuation: Torrent Pharmaceuticals Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 473,197 520,309 880,347 1,094,736 1,428,460 1,811,692 - -
Change - 9.96% 69.2% 24.35% 30.48% 26.83% - -
Enterprise Value (EV) 1 508,027 566,719 910,767 1,119,846 1,564,790 1,935,130 1,904,627 1,864,624
Change - 11.55% 60.71% 22.96% 39.73% 23.67% -1.58% -2.1%
P/E 60.9x 57.4x 53.1x 57.3x 66x 73.2x 53x 41.7x
PBR 7.95x 8.4x 12.8x 14.4x 17x 12.9x 10.9x 9.08x
PEG - 3.4x 0.6x 3.7x 5x 40.93x 1.4x 1.5x
Capitalization / Revenue 5.56x 5.41x 8.21x 9.51x 10.2x 9.07x 8.07x 7.18x
EV / Revenue 5.97x 5.89x 8.49x 9.72x 11.2x 9.69x 8.49x 7.39x
EV / EBITDA 20.9x 19.9x 27x 30.1x 34.3x 28.7x 24.3x 20.7x
EV / EBIT 28.7x 26.5x 34.4x 38.3x 45.5x 44.5x 35.3x 28.7x
EV / FCF 31.8x 31.6x 32.1x 56.7x 66.7x 45.6x 33.5x 29.2x
FCF Yield 3.15% 3.17% 3.11% 1.76% 1.5% 2.19% 2.99% 3.43%
Dividend per Share 2 16.5 22 28 32 38 29.69 34.76 41.82
Rate of return 1.18% 1.43% 1.08% 0.99% 0.9% 0.62% 0.73% 0.88%
EPS 2 22.96 26.79 48.94 56.47 63.92 65.06 89.94 114.3
Distribution rate 71.8% 82.1% 57.2% 56.7% 59.4% 45.6% 38.7% 36.6%
Net sales 1 85,080 96,200 107,280 115,160 139,800 199,655 224,380 252,223
EBITDA 1 24,310 28,420 33,680 37,210 45,590 67,504 78,297 90,062
EBIT 1 17,690 21,350 26,480 29,260 34,400 43,444 53,984 64,995
Net income 1 7,770 12,450 16,560 19,110 21,630 23,964 33,894 43,676
Net Debt 1 34,830 46,410 30,420 25,110 136,330 123,438 92,935 52,932
Reference price 2 1,398.15 1,537.35 2,601.15 3,234.60 4,220.65 4,763.00 4,763.00 4,763.00
Nbr of stocks (in thousands) 338,445 338,445 338,445 338,445 338,445 380,368 - -
Announcement Date 25/05/22 30/05/23 24/05/24 20/05/25 22/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
73.39x9.72x28.73x0.62% 19.37B
41.91x14.16x30.08x0.48% 1,276B
41.09x6.89x19.39x1.9% 676B
37.85x8.58x17.73x2.35% 519B
21.6x5.24x13.12x2.49% 388B
105.09x5.99x25.53x2.29% 365B
23.85x5.92x14.34x2.69% 307B
24.15x4.85x13.63x1.8% 287B
24x7.37x13.6x2.17% 252B
-40.15x7.43x46.76x1.93% 212B
Average 35.28x 7.62x 22.29x 1.87% 430B
Weighted average by Cap. 37.40x 8.89x 22.62x 1.68%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Torrent Pharmaceuticals Limited

Historical PBR trend

Valuation ratios - PBR - Torrent Pharmaceuticals Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Torrent Pharmaceuticals Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Torrent Pharmaceuticals Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Torrent Pharmaceuticals Limited
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