Company Valuation: Aplab Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 86.25 250 302.8 821.8 558.8 1,478
Change - 189.86% 21.12% 171.39% -32% 164.44%
Enterprise Value (EV) 1 777.1 707.3 789.8 1,062 820.3 1,605
Change - -8.97% 11.66% 34.51% -22.78% 95.66%
P/E -22.3x 145x 151x 130x 223x 34.8x
PBR -0.33x -1.2x -1.53x 11.3x 6.11x 7.38x
PEG - -1x 9.4x 1x -3.7x 0x
Capitalization / Revenue 0.16x 0.49x 0.59x 1.66x 0.88x 2.53x
EV / Revenue 1.43x 1.38x 1.53x 2.14x 1.29x 2.75x
EV / EBITDA 12.4x 9.83x 13.7x 22.7x -14.6x 52.9x
EV / EBIT 13.2x 10.4x 14.9x 25x -13.4x 61.7x
EV / FCF -690x 3.57x -82.6x -33.2x -57.7x 1,090x
FCF Yield -0.14% 28% -1.21% -3.01% -1.73% 0.09%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.7744 0.1723 0.2 0.57 0.226 1.69
Distribution rate - - - - - -
Net sales 1 543.4 513.6 514.9 495.4 636.7 584.4
EBITDA 1 62.55 71.95 57.64 46.87 -56.21 30.36
EBIT 1 58.76 68.17 53.15 42.46 -61.01 26
Net income 1 -3.872 1.723 2.047 7.992 2.639 25.17
Net Debt 1 690.8 457.3 487 240.6 261.5 127.3
Reference price 2 17.25 25.00 30.28 74.10 50.39 58.78
Nbr of stocks (in thousands) 5,000 10,000 10,000 11,090 11,090 25,140
Announcement Date 11/16/21 9/14/22 9/8/23 8/31/24 9/8/25 8/6/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.34x5.86x17.82x0.63% 198B
34.84x12.42x22.65x0.79% 125B
49.34x6.2x21.26x0.85% 114B
12.85x0.29x6.45x3.91% 103B
33.51x5.46x17.89x1.03% 78.12B
55.22x5.99x27.36x0.25% 64.73B
20.05x7.14x14.51x0.63% 64.21B
19.52x3.29x12.59x1.37% 61.47B
16.64x0.99x11.09x0.76% 55.69B
Average 30.37x 5.29x 16.85x 1.14% 96.06B
Weighted average by Cap. 31.37x 5.76x 17.28x 1.14%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Aplab Limited

Historical PBR trend

Valuation ratios - PBR - Aplab Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Aplab Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Aplab Limited