Company Valuation: ZIM Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,178 2,596 3,528 4,653 3,908 3,203
Change - 120.48% 35.88% 31.91% -16.02% -18.03%
Enterprise Value (EV) 1 1,987 3,095 4,085 5,672 5,065 4,066
Change - 55.76% 31.98% 38.85% -10.7% -19.73%
P/E 16.1x 17.8x 14.5x 27x 32.1x 50.3x
PBR 0.73x 1.48x 1.76x 1.95x 1.55x 1.08x
PEG - 0.2x 0.2x -0.9x -1.1x -1x
Capitalization / Revenue 0.38x 0.78x 0.89x 1.27x 1.03x 0.86x
EV / Revenue 0.65x 0.93x 1.02x 1.54x 1.34x 1.09x
EV / EBITDA 5.22x 7.98x 8.19x 14.5x 12.8x 16.4x
EV / EBIT 8.26x 12.4x 11.6x 22.1x 20.6x 39.5x
EV / FCF 18.5x 12.8x -29.3x -8.48x -30.4x -26.5x
FCF Yield 5.41% 7.81% -3.41% -11.8% -3.29% -3.78%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 1.5 2.986 5.01 3.539 2.497 1.19
Distribution rate - - - - - -
Net sales 1 3,073 3,335 3,986 3,675 3,791 3,744
EBITDA 1 381 387.9 499 390.6 395.6 248.4
EBIT 1 240.6 250.3 352.6 256.7 245.7 103
Net income 1 73.18 145.5 244.3 172.5 121.7 58.38
Net Debt 1 809.6 498.9 557.4 1,019 1,158 863.1
Reference price 2 24.17 53.28 72.40 95.50 80.20 59.87
Nbr of stocks (in thousands) 48,726 48,726 48,726 48,726 48,726 53,500
Announcement Date 08/09/21 26/08/22 16/06/23 05/06/24 03/06/25 05/06/26
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 66.38M
35.81x6.76x23.37x0.81% 48.41B
17.97x2.03x9.59x1.33% 34.99B
27.22x3.3x17.11x0.84% 11.62B
26.4x3.9x15.87x0.6% 11.47B
19.11x3.34x11.98x3.48% 8.99B
15.88x2.04x6.86x3.27% 6.88B
8.14x1.9x4.98x5.33% 6.62B
33.47x3.81x16.2x0.24% 6.43B
Average 23.00x 3.39x 13.25x 1.99% 15.05B
Weighted average by Cap. 26.08x 4.16x 15.80x 1.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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