Company Valuation: Elnet Technologies Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 320 479.4 639.6 640.2 1,323 1,452
Change - 49.81% 33.42% 0.09% 106.59% 9.77%
Enterprise Value (EV) 1 292.4 484 566.5 582.6 1,230 1,259
Change - 65.51% 17.06% 2.83% 111.18% 2.37%
P/E 2.95x 4x 5.07x 4.67x 7.56x 8.27x
PBR 0.37x 0.49x 0.58x 0.52x 0.95x 0.93x
PEG - 0.4x 0.97x 0.54x 0.3x 24.02x
Capitalization / Revenue 1.33x 2.24x 2.9x 2.6x 5.06x 6.3x
EV / Revenue 1.22x 2.27x 2.57x 2.37x 4.7x 5.47x
EV / EBITDA 2.04x 3.12x 3.61x 3.69x 7.01x 8.55x
EV / EBIT 2.8x 4.04x 4.61x 4.41x 7.73x 9.59x
EV / FCF 0.85x -1.64x 1.19x 10.1x -2.02x 13.7x
FCF Yield 118% -60.9% 84.1% 9.9% -49.6% 7.29%
Dividend per Share 2 1.2 1.4 2 2 1.7 1.9
Rate of return 1.5% 1.17% 1.25% 1.25% 0.51% 0.52%
EPS 2 27.12 29.97 31.53 34.24 43.73 43.88
Distribution rate 4.42% 4.67% 6.34% 5.84% 3.89% 4.33%
Net sales 1 240.4 213.6 220.8 246.1 261.5 230.3
EBITDA 1 143.3 155 157.1 157.8 175.6 147.3
EBIT 1 104.6 119.8 123 132.2 159.1 131.3
Net income 1 108.5 119.9 126.1 136.9 174.9 175.5
Net Debt 1 -27.6 4.559 -73.06 -57.64 -92.35 -192.4
Reference price 2 80.00 119.85 159.90 160.05 330.65 362.95
Nbr of stocks (in thousands) 4,000 4,000 4,000 4,000 4,000 4,000
Announcement Date 9/4/20 7/5/21 8/12/22 8/18/23 9/3/24 8/18/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 13.49M
14.99x4.77x12.83x3.38% 42.62B
8.63x1.5x7.82x4.12% 29.83B
19.09x4.07x16.66x1.3% 29.25B
5.79x0.67x1.37x8.7% 27.67B
14.25x3.1x14.91x2.49% 26.03B
8.36x0.93x3.37x2.67% 21.39B
8.88x2.29x7.03x3.93% 20.91B
14.05x6.67x17.86x1.51% 20.51B
10.06x1.64x14.16x3.75% 18.33B
Average 11.57x 2.85x 10.67x 3.54% 23.66B
Weighted average by Cap. 11.93x 2.96x 10.73x 3.59%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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