Financials Emami Limited

Equities

EMAMILTD

INE548C01032

Personal Products

Market Closed - Bombay S.E. 06:11:28 2024-04-26 am EDT 5-day change 1st Jan Change
480.1 INR +3.26% Intraday chart for Emami Limited +8.67% -14.90%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 181,574 77,041 216,767 197,547 158,108 209,564 - -
Enterprise Value (EV) 1 180,062 76,484 212,831 199,024 156,997 204,200 199,674 194,923
P/E ratio 59.9 x 25.5 x 47.7 x 23.7 x 24.7 x 28.3 x 25.5 x 22.5 x
Yield 1% 2.35% 1.64% 1.79% 2.23% 2.22% 2.47% 2.69%
Capitalization / Revenue 6.74 x 2.9 x 7.53 x 6.19 x 4.64 x 5.86 x 5.4 x 4.94 x
EV / Revenue 6.69 x 2.88 x 7.39 x 6.24 x 4.61 x 5.71 x 5.15 x 4.59 x
EV / EBITDA 24.8 x 11.2 x 20.8 x 20.9 x 18.2 x 21.2 x 18.7 x 16.5 x
EV / FCF 47.6 x 20.6 x 24 x 124 x 22.2 x 26.1 x 24.1 x 21.1 x
FCF Yield 2.1% 4.86% 4.17% 0.81% 4.51% 3.83% 4.15% 4.75%
Price to Book 8.75 x 4.22 x 12.3 x 9.51 x 6.87 x 8.2 x 7.36 x 6.59 x
Nbr of stocks (in thousands) 453,935 453,181 444,514 441,150 441,150 436,500 - -
Reference price 2 400.0 170.0 487.6 447.8 358.4 480.1 480.1 480.1
Announcement Date 5/27/19 6/26/20 5/25/21 5/13/22 5/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 26,929 26,549 28,805 31,920 34,057 35,735 38,807 42,421
EBITDA 1 7,255 6,845 10,236 9,524 8,628 9,627 10,652 11,827
EBIT 1 4,002 4,053 6,566 6,176 6,155 7,749 8,763 9,828
Operating Margin 14.86% 15.26% 22.8% 19.35% 18.07% 21.69% 22.58% 23.17%
Earnings before Tax (EBT) 1 4,034 3,736 5,689 7,026 6,770 8,351 9,324 10,658
Net income 1 3,032 3,029 4,547 8,390 6,396 7,396 8,157 9,243
Net margin 11.26% 11.41% 15.79% 26.28% 18.78% 20.7% 21.02% 21.79%
EPS 2 6.680 6.670 10.23 18.88 14.50 16.97 18.80 21.32
Free Cash Flow 1 3,780 3,716 8,878 1,603 7,084 7,816 8,278 9,253
FCF margin 14.04% 14% 30.82% 5.02% 20.8% 21.87% 21.33% 21.81%
FCF Conversion (EBITDA) 52.1% 54.29% 86.74% 16.83% 82.11% 81.18% 77.72% 78.24%
FCF Conversion (Net income) 124.65% 122.69% 195.26% 19.11% 110.77% 105.67% 101.49% 100.11%
Dividend per Share 2 4.000 4.000 8.000 8.000 8.000 10.65 11.85 12.93
Announcement Date 5/27/19 6/26/20 5/25/21 5/13/22 5/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 9,336 7,308 6,610 7,888 9,718 7,704 7,783 8,138 9,827 8,360 8,257 8,528 10,138 8,662
EBITDA 1 3,402 1,628 1,697 2,772 3,415 1,639 1,733 1,954 2,942 1,998 1,900 2,190 3,100 2,097
EBIT - 798.4 867.1 1,933 - - - 1,474 2,470 - - - 2,922 1,508
Operating Margin - 10.93% 13.12% 24.5% - - - 18.12% 25.14% - - - 28.82% 17.41%
Earnings before Tax (EBT) 1 2,527 - - - 2,719 - - - 2,521 - 1,502 1,832 - -
Net income 1 2,090 877.3 777.9 1,852 2,200 3,560 - - - - 1,377 1,676 2,586 1,558
Net margin 22.38% 12.01% 11.77% 23.48% 22.63% 46.21% - - - - 16.68% 19.65% 25.5% 17.98%
EPS 2 4.700 1.970 1.750 4.170 - - - 4.170 5.370 3.270 3.130 4.000 6.040 2.400
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/27/21 5/25/21 8/2/21 10/29/21 2/4/22 5/13/22 7/29/22 11/11/22 2/3/23 5/25/23 8/7/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 1,477 - - - -
Net Cash position 1 1,512 557 3,936 - 1,111 5,363 9,889 14,640
Leverage (Debt/EBITDA) - - - 0.1551 x - - - -
Free Cash Flow 1 3,780 3,717 8,878 1,603 7,084 7,816 8,278 9,253
ROE (net income / shareholders' equity) 24.3% 26.7% 37.3% 41.9% 29.2% 31.5% 31.2% 30.9%
ROA (Net income/ Total Assets) 17.7% 18.9% 25.7% 28.9% 20.7% 22.4% 22% 22.4%
Assets 1 17,156 15,989 17,671 29,055 30,836 32,953 37,114 41,286
Book Value Per Share 2 45.70 40.20 39.60 47.10 52.20 58.50 65.30 72.90
Cash Flow per Share 2 11.30 11.70 20.70 14.50 17.00 18.80 20.60 22.50
Capex 1 1,346 1,591 337 4,836 405 1,571 1,457 1,450
Capex / Sales 5% 5.99% 1.17% 15.15% 1.19% 4.4% 3.75% 3.42%
Announcement Date 5/27/19 6/26/20 5/25/21 5/13/22 5/25/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
480.1 INR
Average target price
563.9 INR
Spread / Average Target
+17.45%
Consensus
  1. Stock Market
  2. Equities
  3. EMAMILTD Stock
  4. Financials Emami Limited