Company Valuation: Ipca Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,70,385 2,05,589 3,13,934 3,81,038 4,06,231 4,60,346 - -
Change - -23.96% 52.7% 21.38% 6.61% 13.32% - -
Enterprise Value (EV) 1 2,75,070 2,01,870 3,25,349 3,91,231 4,08,673 4,49,696 4,40,390 4,28,203
Change - -26.61% 61.17% 20.25% 4.46% 10.04% -2.07% -2.77%
P/E 30.6x 43.6x 57.4x 51.6x 35.6x 30.4x 25.8x 22.9x
PBR 4.92x 2.58x 4.96x 5.48x 5.04x 4.91x 4.21x 3.66x
PEG - -0.9x 3.6x 1.5x 0.7x 0.9x 1.5x 1.8x
Capitalization / Revenue 4.64x 3.29x 4.07x 4.26x 4.21x 4.19x 3.75x 3.4x
EV / Revenue 4.72x 3.23x 4.22x 4.38x 4.24x 4.09x 3.59x 3.16x
EV / EBITDA 21x 21.8x 24.6x 22.7x 20.7x 17.8x 15.1x 13x
EV / EBIT 25.6x 30.3x 33.8x 29.5x 26.2x 22x 18.7x 15.9x
EV / FCF 72.9x 64.8x 60.9x 71.7x 83.5x 57.4x 36.5x 27.3x
FCF Yield 1.37% 1.54% 1.64% 1.4% 1.2% 1.74% 2.74% 3.67%
Dividend per Share 2 8 4 4 2 6 5.769 6.185 7.114
Rate of return 0.75% 0.49% 0.32% 0.13% 0.37% 0.32% 0.34% 0.39%
EPS 2 34.85 18.58 21.57 29.08 44.98 59.78 70.28 79.39
Distribution rate 23% 21.5% 18.5% 6.88% 13.3% 9.65% 8.8% 8.96%
Net sales 1 58,298 62,443 77,050 89,396 96,463 1,09,899 1,22,709 1,35,578
EBITDA 1 13,073 9,268 13,212 17,261 19,786 25,214 29,210 32,846
EBIT 1 10,748 6,652 9,639 13,283 15,604 20,422 23,508 26,962
Net income 1 8,841 4,713 5,474 7,377 11,411 15,122 17,896 20,251
Net Debt 1 4,685 -3,720 11,415 10,193 2,442 -10,650 -19,956 -32,144
Reference price 2 1,065.75 810.35 1,237.40 1,501.90 1,601.20 1,814.50 1,814.50 1,814.50
Nbr of stocks (in thousands) 2,53,704 2,53,704 2,53,704 2,53,704 2,53,704 2,53,704 - -
Announcement Date 24/05/22 29/05/23 29/05/24 29/05/25 29/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.66x4.13x18.02x0.31% 485.55Cr
35.96x12.96x27.14x0.55% 1,10600Cr
37.4x6.3x17.74x2.09% 61TCr
36.43x8.36x17.24x2.43% 50TCr
20.46x4.99x12.38x2.64% 37TCr
106.52x5.95x25.12x2.33% 35TCr
21.18x5.54x13.63x2.88% 29TCr
21.7x4.38x12.55x2.01% 26TCr
27.46x7.06x12.64x2.33% 23TCr
-45.63x6.99x27.07x2.11% 19TCr
Average 29.21x 6.67x 18.35x 1.97% 39.05TCr
Weighted average by Cap. 34.70x 8.19x 20.01x 1.84%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ipca Laboratories Limited

Historical PBR trend

Valuation ratios - PBR - Ipca Laboratories Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ipca Laboratories Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ipca Laboratories Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ipca Laboratories Limited
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