Company Valuation: CCL Products (India) Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,148 53,690 75,533 78,267 74,081 163,138 - -
Change - 72.37% 40.68% 3.62% -5.35% 120.21% - -
Enterprise Value (EV) 1 31,148 53,690 83,860 92,778 91,230 149,374 168,809 166,257
Change - 72.37% 56.19% 10.63% -1.67% 63.73% -4.6% -1.51%
P/E 17.1x 26.3x 28.1x 31.3x 23.9x 35.7x 32.7x 26x
PBR 2.86x 4.29x 5.1x 4.66x 3.76x 5.91x 5.95x 5.03x
PEG - 2.2x 0.9x -4.19x 1x 1.4x 1x 1x
Capitalization / Revenue 2.51x 3.67x 3.65x 2.95x 2.39x 3.11x 3.36x 2.91x
EV / Revenue 2.51x 3.67x 4.05x 3.5x 2.94x 3.35x 3.48x 2.97x
EV / EBITDA 10.5x 16.2x 21x 20.8x 16.4x 20.4x 20x 17x
EV / EBIT 12.5x 19.6x 24.9x 26.7x 20x 25.7x 24.7x 20.3x
EV / FCF 192x -60.2x -62.6x -20.3x -71.1x 18.9x 25.3x 33.1x
FCF Yield 0.52% -1.66% -1.6% -4.94% -1.41% 5.28% 3.94% 3.02%
Dividend per Share 2 4 5 5.5 4.5 5 5.75 7.414 8.914
Rate of return 1.71% 1.24% 0.97% 0.77% 0.9% 0.55% 0.61% 0.73%
EPS 2 13.7 15.36 20.21 18.7 23.26 29.1 37.32 47.03
Distribution rate 29.2% 32.6% 27.2% 24.1% 21.5% 19.8% 19.9% 19%
Net sales 1 12,425 14,620 20,712 26,537 31,057 44,574 48,503 56,037
EBITDA 1 2,978 3,311 3,999 4,453 5,551 7,329 8,426 9,807
EBIT 1 2,483 2,736 3,361 3,476 4,566 5,810 6,840 8,204
Net income 1 1,823 2,044 2,689 2,501 3,103 3,881 4,985 6,274
Net Debt 1 - - 8,327 14,510 17,149 10,732 5,671 3,119
Reference price 2 234.15 403.60 567.80 586.15 554.80 1,221.75 1,221.75 1,221.75
Nbr of stocks (in thousands) 133,028 133,028 133,028 133,528 133,528 133,528 - -
Announcement Date 5/21/21 5/26/22 5/16/23 5/12/24 5/5/25 5/7/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.98x4.24x24.75x0.56% 1.7B
54.58x4.6x31.64x1.06% 11.16B
13.4x1.25x5.43x3.74% 1.43B
22.49x - - - 672M
-21.79x - - - 701M
Average 22.33x 3.36x 20.61x 1.79% 3.13B
Weighted average by Cap. 44.77x 4.22x 28.20x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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