Company Valuation: Elnet Technologies Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 479.4 639.6 640.2 1,323 1,452 1,195
Change - 33.42% 0.09% 106.59% 9.77% -17.67%
Enterprise Value (EV) 1 484 566.5 582.6 1,230 1,259 1,138
Change - 17.06% 2.83% 111.18% 2.37% -9.63%
P/E 4x 5.07x 4.67x 7.56x 8.27x 5.95x
PBR 0.49x 0.58x 0.52x 0.95x 0.93x 0.68x
PEG - 0.97x 0.54x 0.3x 24.02x 0.4x
Capitalization / Revenue 2.24x 2.9x 2.6x 5.06x 6.3x 4.79x
EV / Revenue 2.27x 2.57x 2.37x 4.7x 5.47x 4.56x
EV / EBITDA 3.12x 3.61x 3.69x 7.01x 8.55x 6.86x
EV / EBIT 4.04x 4.61x 4.41x 7.73x 9.59x 7.56x
EV / FCF -1.64x 1.19x 10.1x -2.02x 13.7x 4.01x
FCF Yield -60.9% 84.1% 9.9% -49.6% 7.29% 25%
Dividend per Share 2 1.4 2 2 1.7 1.9 2
Rate of return 1.17% 1.25% 1.25% 0.51% 0.52% 0.67%
EPS 2 29.97 31.53 34.24 43.73 43.88 50.23
Distribution rate 4.67% 6.34% 5.84% 3.89% 4.33% 3.98%
Net sales 1 213.6 220.8 246.1 261.5 230.3 249.4
EBITDA 1 155 157.1 157.8 175.6 147.3 165.9
EBIT 1 119.8 123 132.2 159.1 131.3 150.5
Net income 1 119.9 126.1 136.9 174.9 175.5 200.9
Net Debt 1 4.559 -73.06 -57.64 -92.35 -192.4 -57.08
Reference price 2 119.85 159.90 160.05 330.65 362.95 298.80
Nbr of stocks (in thousands) 4,000 4,000 4,000 4,000 4,000 4,000
Announcement Date 05/07/21 12/08/22 18/08/23 03/09/24 18/08/25 26/08/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.35Cr
18.87x4.09x16.54x1.29% 2.89TCr
5.41x0.63x1.33x9.24% 2.6TCr
14.39x3.15x15.03x2.44% 2.61TCr
7.99x0.88x3.22x2.8% 2.04TCr
13.57x6.57x17.43x1.58% 1.96TCr
33.46x15.57x53.84x1.22% 1.76TCr
35.32x13.06x32.82x3.34% 1.71TCr
7.47x1.77x5.46x2.84% 1.64TCr
9.4x27.83x - 2.34% 1.6TCr
Average 16.21x 8.17x 18.21x 3.01% 1.88TCr
Weighted average by Cap. 15.72x 7.10x 16.91x 3.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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