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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 1.6x - 1.7x | 1.7x |
Selected Fwd Ps Multiple | 1.3x - 1.5x | 1.4x |
Fair Value | ₹100.80 - ₹111.41 | ₹106.11 |
Upside | -19.4% - -10.9% | -15.1% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Pidilite Industries Limited | - | NSEI:PIDILITIND |
Asian Paints Limited | - | NSEI:ASIANPAINT |
UltraTech Cement Limited | - | NSEI:ULTRACEMCO |
Deepak Chemtex Limited | 54,403,600.0% | BSE:544036 |
Vadivarhe Speciality Chemicals Limited | - | NSEI:VSCL |
MCON Rasayan India Limited | - | NSEI:MCON |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
PIDILITIND | ASIANPAINT | ULTRACEMCO | 544036 | VSCL | MCON | |||
NSEI:PIDILITIND | NSEI:ASIANPAINT | NSEI:ULTRACEMCO | BSE:544036 | NSEI:VSCL | NSEI:MCON | |||
Historical Sales Growth | ||||||||
5Y CAGR | 11.8% | 13.2% | 11.3% | NM- | 4.4% | 43.3% | ||
3Y CAGR | 19.3% | 18.1% | 16.6% | 18.9% | 15.0% | 67.4% | ||
Latest Twelve Months | 6.0% | -3.6% | 3.1% | NM | 10.3% | 31.8% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 13.6% | 13.2% | 11.5% | 11.2% | -16.3% | 3.8% | ||
Prior Fiscal Year | 10.8% | 11.9% | 8.0% | 13.1% | 2.6% | 3.7% | ||
Latest Fiscal Year | 14.0% | 15.4% | 9.9% | 12.0% | 0.2% | 5.3% | ||
Latest Twelve Months | 15.1% | 12.4% | 8.8% | 12.7% | 1.2% | 5.2% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 49.6x | 38.7x | 29.0x | 8.2x | 19.6x | 16.7x | ||
Price / LTM Sales | 11.2x | 6.5x | 4.6x | 1.7x | 0.9x | 2.0x | ||
LTM P/E Ratio | 73.9x | 52.6x | 52.5x | 13.6x | 68.6x | 38.9x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.9x | 4.6x | 11.2x | |||||
Historical LTM P/S Ratio | 1.9x | 1.9x | 1.9x | |||||
Selected Price / Sales Multiple | 1.6x | 1.7x | 1.7x | |||||
(x) LTM Sales | 464 | 464 | 464 | |||||
(=) Equity Value | 729 | 768 | 806 | |||||
(/) Shares Outstanding | 7.3 | 7.3 | 7.3 | |||||
Implied Value Range | 99.61 | 104.85 | 110.09 | |||||
FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 99.61 | 104.85 | 110.09 | 125.00 | ||||
Upside / (Downside) | -20.3% | -16.1% | -11.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | PIDILITIND | ASIANPAINT | ULTRACEMCO | 544036 | VSCL | MCON | |
Value of Common Equity | 1,447,301 | 2,228,360 | 3,286,074 | 1,187 | 342 | 915 | |
(/) Shares Outstanding | 508.6 | 959.2 | 288.2 | 10.9 | 12.8 | 7.3 | |
Implied Stock Price | 2,845.40 | 2,323.15 | 11,402.10 | 109.30 | 26.75 | 125.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2,845.40 | 2,323.15 | 11,402.10 | 109.30 | 26.75 | 125.00 | |
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 |