GALAXY SURFACTANTS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,603 INR | +0.21% |
|
+0.02% | -6.23% |
| Apr. 08 | Galaxy Surfactants Forms New Wholly-Owned Subsidiary | MT |
| Apr. 05 | Galaxy Surfactants Limited Announces Incorporation of Wholly Owned Subsidiary Company | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 37,472 | 41,782 | 90,294 | 101,557 | 82,588 | 92,282 | - | - |
| Enterprise Value (EV) 1 | 37,472 | 41,782 | 90,294 | 104,505 | 82,831 | 91,247 | 90,367 | 89,329 |
| P/E ratio | 19.6 x | 18.1 x | 29.9 x | 38.6 x | 21.7 x | 30.6 x | 25.5 x | 22.6 x |
| Yield | 0.76% | 0.68% | 0.71% | 0.63% | 0.94% | 0.71% | 0.87% | 1.03% |
| Capitalization / Revenue | 1.73 x | 1.61 x | 3.24 x | 2.76 x | 1.86 x | 2.41 x | 2.2 x | 2.01 x |
| EV / Revenue | 1.73 x | 1.61 x | 3.24 x | 2.84 x | 1.86 x | 2.38 x | 2.15 x | 1.94 x |
| EV / EBITDA | 10.6 x | 11.3 x | 20.1 x | 26.1 x | 14.6 x | 18.9 x | 16.5 x | 14.2 x |
| EV / FCF | 32.9 x | 23.9 x | 35.1 x | -69.6 x | 19.4 x | 24.5 x | 35 x | 29.8 x |
| FCF Yield | 3.04% | 4.18% | 2.85% | -1.44% | 5.15% | 4.08% | 2.85% | 3.36% |
| Price to Book | 4.27 x | 3.91 x | 6.94 x | 6.45 x | 4.39 x | 4.57 x | 4.01 x | 3.44 x |
| Nbr of stocks (in thousands) | 35,455 | 35,455 | 35,455 | 35,455 | 35,455 | 35,455 | - | - |
| Reference price 2 | 1,057 | 1,178 | 2,547 | 2,864 | 2,329 | 2,603 | 2,603 | 2,603 |
| Announcement Date | 5/28/19 | 6/25/20 | 6/8/21 | 5/17/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 21,630 | 25,964 | 27,841 | 36,857 | 44,452 | 38,306 | 41,941 | 45,932 |
| EBITDA 1 | 3,533 | 3,689 | 4,488 | 4,007 | 5,683 | 4,836 | 5,473 | 6,280 |
| EBIT 1 | 3,022 | 3,067 | 3,749 | 3,296 | 4,848 | 3,876 | 4,549 | 4,927 |
| Operating Margin | 13.97% | 11.81% | 13.47% | 8.94% | 10.91% | 10.12% | 10.85% | 10.73% |
| Earnings before Tax (EBT) 1 | 2,768 | 2,888 | 3,723 | 3,293 | 4,730 | 3,793 | 4,444 | 5,192 |
| Net income 1 | 1,910 | 2,304 | 3,021 | 2,628 | 3,810 | 3,017 | 3,515 | 4,073 |
| Net margin | 8.83% | 8.87% | 10.85% | 7.13% | 8.57% | 7.88% | 8.38% | 8.87% |
| EPS 2 | 53.87 | 64.99 | 85.22 | 74.12 | 107.5 | 85.11 | 102.0 | 115.4 |
| Free Cash Flow 1 | 1,140 | 1,746 | 2,575 | -1,502 | 4,269 | 3,725 | 2,579 | 3,002 |
| FCF margin | 5.27% | 6.72% | 9.25% | -4.08% | 9.6% | 9.72% | 6.15% | 6.54% |
| FCF Conversion (EBITDA) | 32.27% | 47.32% | 57.37% | - | 75.12% | 77.02% | 47.12% | 47.8% |
| FCF Conversion (Net income) | 59.69% | 75.76% | 85.23% | - | 112.05% | 123.47% | 73.36% | 73.7% |
| Dividend per Share 2 | 8.000 | 8.000 | 18.00 | 18.00 | 22.00 | 18.42 | 22.58 | 26.80 |
| Announcement Date | 5/28/19 | 6/25/20 | 6/8/21 | 5/17/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 S1 | 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 | 13,258 | 6,747 | 7,835 | 8,264 | 8,773 | 9,291 | 10,529 | 11,589 | 12,316 | 10,803 | 9,745 | 9,418 | 9,928 | 9,671 | 9,582 |
| EBITDA 1 | 2,120 | 1,195 | 1,174 | 1,085 | 708.7 | 763.9 | 1,450 | 1,440 | 1,317 | 1,541 | 1,345 | 1,232 | 1,266 | 1,273 | 1,187 |
| EBIT 1 | - | - | - | - | - | - | 1,266 | 1,251 | 1,112 | 1,325 | - | 993.8 | 1,067 | 1,016 | 993 |
| Operating Margin | - | - | - | - | - | - | 12.02% | 10.79% | 9.03% | 12.27% | - | 10.55% | 10.75% | 10.51% | 10.36% |
| Earnings before Tax (EBT) 1 | - | - | - | 932.6 | 541.1 | 575.8 | 1,244 | 1,227 | 1,067 | 1,307 | 1,129 | 961.7 | 1,052 | 990.8 | 978.7 |
| Net income 1 | - | 852.3 | 786.8 | 768.2 | 419.4 | 456.2 | 984 | 1,004 | 838.7 | 1,062 | 905.3 | 751.8 | 825.6 | 803.5 | 754.7 |
| Net margin | - | 12.63% | 10.04% | 9.3% | 4.78% | 4.91% | 9.35% | 8.66% | 6.81% | 9.83% | 9.29% | 7.98% | 8.32% | 8.31% | 7.88% |
| EPS 2 | - | - | - | - | - | - | - | - | 23.65 | - | - | 21.20 | 23.55 | 23.13 | 21.15 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/20 | 2/9/21 | 6/8/21 | 8/10/21 | 11/10/21 | 2/12/22 | 5/17/22 | 8/9/22 | 11/9/22 | 2/11/23 | 5/23/23 | 8/11/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 2,949 | 242 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 1,035 | 1,915 | 2,953 |
| Leverage (Debt/EBITDA) | - | - | - | 0.7359 x | 0.0426 x | - | - | - |
| Free Cash Flow 1 | 1,140 | 1,746 | 2,575 | -1,502 | 4,269 | 3,725 | 2,579 | 3,002 |
| ROE (net income / shareholders' equity) | 23.9% | 23.7% | 25.5% | 18.3% | 22% | 14.8% | 15.3% | 15.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 247.0 | 301.0 | 367.0 | 444.0 | 531.0 | 569.0 | 649.0 | 757.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 1,689 | 1,416 | 1,075 | 1,552 | 1,461 | 1,494 | 1,577 | 1,532 |
| Capex / Sales | 7.81% | 5.45% | 3.86% | 4.21% | 3.29% | 3.9% | 3.76% | 3.34% |
| Announcement Date | 5/28/19 | 6/25/20 | 6/8/21 | 5/17/22 | 5/23/23 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
2,603
INR
Average target price
3,043
INR
Spread / Average Target
+16.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.23% | 1.11B | |
| +11.47% | 63.22B | |
| -3.47% | 46.34B | |
| +13.72% | 39.97B | |
| +17.83% | 25.46B | |
| +7.27% | 18.68B | |
| -0.57% | 17.24B | |
| -21.73% | 15.81B | |
| +0.22% | 14.9B | |
| -19.10% | 13.74B |
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- Financials Galaxy Surfactants Limited
