Company Valuation: Finolex Cables Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 58,262 57,758 1,24,279 1,53,092 1,39,687 1,25,273 - -
Change - -0.87% 115.17% 23.18% -8.76% -10.32% - -
Enterprise Value (EV) 1 44,856 38,537 1,01,315 1,25,739 1,12,057 96,202 92,156 87,845
Change - -14.09% 162.91% 24.11% -10.88% -14.15% -4.21% -4.68%
P/E ratio 20.6x 14.3x 24.8x 26.8x 25.7x 20.3x 17.1x 15.5x
PBR 1.97x 1.77x 3.35x 3.64x 3.04x 2.46x 2.2x 1.99x
PEG - 0.3x 1x 1.9x -5.43x 1.5x 0.9x 1.5x
Capitalization / Revenue 2.1x 1.53x 2.77x 3.05x 2.63x 2.13x 1.9x 1.69x
EV / Revenue 1.62x 1.02x 2.26x 2.51x 2.11x 1.64x 1.4x 1.19x
EV / EBITDA 12.6x 9.28x 20.4x 21.7x 21.8x 15.8x 12.9x 10.9x
EV / EBIT 14.2x 10.2x 22.6x 23.4x 24x 17.6x 14.3x 12.3x
EV / FCF 75.4x 9.49x 31.1x 35.1x -384x 87x 25.9x 22.8x
FCF Yield 1.33% 10.5% 3.21% 2.85% -0.26% 1.15% 3.86% 4.38%
Dividend per Share 2 5.5 6 7 8 8 8 9 10.25
Rate of return 1.44% 1.59% 0.86% 0.8% 0.88% 0.98% 1.1% 1.25%
EPS 2 18.5 26.46 32.81 37.37 35.6 40.39 47.87 52.7
Distribution rate 29.7% 22.7% 21.3% 21.4% 22.5% 19.8% 18.8% 19.4%
Net sales 1 27,681 37,681 44,811 50,144 53,189 58,771 65,810 73,971
EBITDA 1 3,548 4,152 4,956 5,807 5,142 6,087 7,166 8,073
EBIT 1 3,159 3,763 4,492 5,368 4,676 5,473 6,458 7,162
Net income 1 2,829 4,046 5,017 5,716 5,444 6,278 7,321 8,059
Net Debt 1 -13,406 -19,221 -22,964 -27,353 -27,630 -29,071 -33,116 -37,428
Reference price 2 380.95 377.65 812.60 1,001.00 913.35 818.55 818.55 818.55
Nbr of stocks (in thousands) 1,52,939 1,52,939 1,52,939 1,52,939 1,52,939 1,52,939 - -
Announcement Date 29/06/21 28/05/22 26/05/23 23/05/24 28/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.27x1.64x15.79x0.98% 137.94Cr
24.79x2.85x15.84x2.19% 24TCr
33.72x4.06x19.21x1.56% 18TCr
37.46x5.93x25.04x1.03% 15TCr
52.73x5.79x28.76x0.83% 10TCr
31.43x5.13x17.85x1.43% 8.69TCr
113.22x13.67x78.68x0.27% 8.82TCr
69.89x9.43x43.48x0.06% 9.51TCr
36.72x7.55x23.81x0.52% 5.42TCr
35.32x5.46x23.92x1.36% 4.57TCr
Average 45.56x 6.15x 29.24x 1.02% 10.43TCr
Weighted average by Cap. 44.19x 5.87x 27.83x 1.23%

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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  3. FINCABLES Stock
  4. Valuation Finolex Cables Limited