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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 2.7x - 3.0x | 2.9x |
Selected Fwd Ps Multiple | 3.7x - 4.1x | 3.9x |
Fair Value | ₹129.59 - ₹143.23 | ₹136.41 |
Upside | -15.9% - -7.0% | -11.4% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Samrat Forgings Limited | 54,322,900.0% | BSE:543229 |
MMP Industries Limited | - | NSEI:MMP |
JSW Steel Limited | 50,022,800.0% | BSE:500228 |
Hariom Pipe Industries Limited | 54,351,700.0% | BSE:543517 |
Hi-Tech Pipes Limited | 54,341,100.0% | BSE:543411 |
Southern Magnesium and Chemicals Limited | 51,349,800.0% | BSE:513498 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
543229 | MMP | 500228 | 543517 | 543411 | 513498 | |||
BSE:543229 | NSEI:MMP | BSE:500228 | BSE:543517 | BSE:543411 | BSE:513498 | |||
Historical Sales Growth | ||||||||
5Y CAGR | 11.0% | 17.3% | 15.6% | 53.9% | 14.7% | 16.5% | ||
3Y CAGR | 11.2% | 35.9% | 29.9% | 65.6% | 26.3% | 67.6% | ||
Latest Twelve Months | 6.7% | 11.9% | -3.1% | 20.0% | 10.8% | 65.6% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 2.0% | 6.0% | 7.0% | 6.1% | 1.8% | 17.8% | ||
Prior Fiscal Year | 2.7% | 4.0% | 2.5% | 7.2% | 1.6% | 41.2% | ||
Latest Fiscal Year | 1.8% | 5.5% | 5.0% | 4.9% | 1.6% | 35.2% | ||
Latest Twelve Months | 2.8% | 6.0% | 1.9% | 4.8% | 2.2% | 28.2% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 13.6x | 13.5x | 14.8x | 8.8x | 15.4x | 9.3x | ||
Price / LTM Sales | 0.8x | 1.1x | 1.4x | 0.9x | 0.7x | 3.2x | ||
LTM P/E Ratio | 29.1x | 17.7x | 74.5x | 19.6x | 30.9x | 11.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.7x | 0.9x | 1.4x | |||||
Historical LTM P/S Ratio | 1.7x | 2.7x | 7.6x | |||||
Selected Price / Sales Multiple | 2.7x | 2.9x | 3.0x | |||||
(x) LTM Sales | 143 | 143 | 143 | |||||
(=) Equity Value | 391 | 412 | 432 | |||||
(/) Shares Outstanding | 3.0 | 3.0 | 3.0 | |||||
Implied Value Range | 130.33 | 137.19 | 144.05 | |||||
FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 130.33 | 137.19 | 144.05 | 154.00 | ||||
Upside / (Downside) | -15.4% | -10.9% | -6.5% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 543229 | MMP | 500228 | 543517 | 543411 | 513498 | |
Value of Common Equity | 1,460 | 6,709 | 2,459,405 | 11,991 | 20,473 | 462 | |
(/) Shares Outstanding | 5.0 | 25.4 | 2,436.5 | 31.0 | 203.1 | 3.0 | |
Implied Stock Price | 292.05 | 264.10 | 1,009.40 | 387.20 | 100.80 | 154.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 292.05 | 264.10 | 1,009.40 | 387.20 | 100.80 | 154.00 | |
Trading Currency | INR | INR | INR | INR | INR | INR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |