Real-time Estimate
Tradegate
05:47:02 01/07/2024 pm IST
|
5-day change
|
1st Jan Change
|
0.903
EUR
|
+1.48%
|
|
+3.75%
|
-19.94%
|
Fiscal Period: März |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Capitalization
1 |
93,62,448
|
1,02,93,816
|
1,25,54,530
|
1,35,08,769
|
1,51,17,862
|
1,27,63,579
|
-
|
-
|
Enterprise Value (EV)
1 |
1,30,81,630
|
1,77,30,177
|
1,98,41,020
|
2,18,65,382
|
2,48,48,999
|
2,07,48,733
|
2,03,50,121
|
2,01,69,475
|
P/E ratio
|
11.1
x
|
11.5
x
|
10.8
x
|
11.4
x
|
11.9
x
|
10.8
x
|
9.82
x
|
9.51
x
|
Yield
|
3.69%
|
3.69%
|
3.24%
|
3.03%
|
2.84%
|
3.48%
|
3.66%
|
3.83%
|
Capitalization / Revenue
|
0.79
x
|
0.86
x
|
1.03
x
|
1.03
x
|
1.13
x
|
0.94
x
|
0.92
x
|
0.91
x
|
EV / Revenue
|
1.1
x
|
1.48
x
|
1.63
x
|
1.66
x
|
1.86
x
|
1.53
x
|
1.47
x
|
1.43
x
|
EV / EBITDA
|
4.32
x
|
5.58
x
|
5.96
x
|
6.65
x
|
7
x
|
5.93
x
|
5.59
x
|
5.43
x
|
EV / FCF
|
11
x
|
13.8
x
|
15.1
x
|
41.7
x
|
64.6
x
|
26.3
x
|
24.7
x
|
23.4
x
|
FCF Yield
|
9.09%
|
7.22%
|
6.61%
|
2.4%
|
1.55%
|
3.8%
|
4.05%
|
4.28%
|
Price to Book
|
1.03
x
|
1.36
x
|
1.52
x
|
1.58
x
|
1.54
x
|
1.25
x
|
1.16
x
|
1.06
x
|
Nbr of stocks (in thousands)
|
9,08,79,905
|
9,05,50,810
|
8,85,36,882
|
8,52,39,584
|
8,40,81,549
|
8,40,81,547
|
-
|
-
|
Reference price
2 |
103.0
|
113.7
|
141.8
|
158.5
|
179.8
|
151.8
|
151.8
|
151.8
|
Announcement Date
|
15/05/20
|
12/05/21
|
12/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
-
|
Fiscal Period: März |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net sales
1 |
1,18,99,415
|
1,19,43,966
|
1,21,56,447
|
1,31,36,200
|
1,33,74,569
|
1,35,32,508
|
1,38,33,401
|
1,40,88,324
|
EBITDA
1 |
30,27,461
|
31,78,544
|
33,29,776
|
32,90,200
|
35,51,496
|
34,99,426
|
36,42,265
|
37,17,601
|
EBIT
1 |
15,62,151
|
16,71,391
|
17,68,593
|
18,29,000
|
19,22,910
|
19,02,669
|
20,24,860
|
20,61,998
|
Operating Margin
|
13.13%
|
13.99%
|
14.55%
|
13.92%
|
14.38%
|
14.06%
|
14.64%
|
14.64%
|
Earnings before Tax (EBT)
1 |
15,70,141
|
16,52,575
|
17,95,525
|
18,17,700
|
19,80,457
|
18,54,281
|
19,42,409
|
19,54,655
|
Net income
1 |
8,55,306
|
9,16,181
|
11,81,083
|
12,13,100
|
12,79,521
|
12,02,398
|
12,84,001
|
13,00,718
|
Net margin
|
7.19%
|
7.67%
|
9.72%
|
9.23%
|
9.57%
|
8.89%
|
9.28%
|
9.23%
|
EPS
2 |
9.248
|
9.926
|
13.17
|
13.92
|
15.09
|
14.07
|
15.45
|
15.96
|
Free Cash Flow
1 |
11,88,562
|
12,80,744
|
13,11,105
|
5,24,101
|
3,84,924
|
7,88,949
|
8,23,271
|
8,62,733
|
FCF margin
|
9.99%
|
10.72%
|
10.79%
|
3.99%
|
2.88%
|
5.83%
|
5.95%
|
6.12%
|
FCF Conversion (EBITDA)
|
39.26%
|
40.29%
|
39.38%
|
15.93%
|
10.84%
|
22.55%
|
22.6%
|
23.21%
|
FCF Conversion (Net income)
|
138.96%
|
139.79%
|
111.01%
|
43.2%
|
30.08%
|
65.61%
|
64.12%
|
66.33%
|
Dividend per Share
2 |
3.800
|
4.200
|
4.600
|
4.800
|
5.100
|
5.285
|
5.561
|
5.821
|
Announcement Date
|
15/05/20
|
12/05/21
|
12/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 Q3
|
2025 Q4
|
2025 S2
|
---|
Net sales
1 |
60,09,864
|
57,11,364
|
62,32,602
|
58,87,600
|
30,35,579
|
32,33,268
|
62,68,847
|
30,68,871
|
32,17,306
|
62,86,177
|
32,86,400
|
35,63,600
|
68,50,023
|
31,11,073
|
32,53,497
|
63,64,570
|
33,52,286
|
36,57,713
|
70,09,999
|
31,68,186
|
32,97,271
|
64,72,000
|
33,79,383
|
37,12,206
|
70,46,000
|
EBITDA
1 |
-
|
-
|
-
|
-
|
9,18,696
|
6,32,180
|
-
|
8,92,994
|
8,84,857
|
-
|
8,80,200
|
7,02,400
|
-
|
8,70,797
|
8,74,956
|
-
|
9,42,311
|
8,63,432
|
-
|
9,05,405
|
8,93,953
|
-
|
9,39,301
|
7,67,580
|
-
|
EBIT
1 |
5,79,346
|
10,08,580
|
6,62,811
|
10,09,300
|
5,30,392
|
2,28,901
|
7,59,293
|
5,03,352
|
4,93,187
|
9,96,539
|
5,24,300
|
3,08,200
|
8,32,461
|
4,74,650
|
4,76,296
|
9,50,946
|
5,35,241
|
4,36,723
|
9,71,964
|
4,94,285
|
4,81,942
|
9,94,500
|
5,40,373
|
3,64,889
|
10,56,000
|
Operating Margin
|
9.64%
|
17.66%
|
10.63%
|
17.14%
|
17.47%
|
7.08%
|
12.11%
|
16.4%
|
15.33%
|
15.85%
|
15.95%
|
8.65%
|
12.15%
|
15.26%
|
14.64%
|
14.94%
|
15.97%
|
11.94%
|
13.87%
|
15.6%
|
14.62%
|
15.37%
|
15.99%
|
9.83%
|
14.99%
|
Earnings before Tax (EBT)
1 |
5,68,282
|
10,05,067
|
6,47,508
|
10,15,300
|
5,38,664
|
2,41,561
|
7,80,225
|
5,25,537
|
4,93,915
|
10,19,452
|
5,10,500
|
2,87,800
|
7,98,248
|
5,77,536
|
4,61,567
|
10,39,103
|
5,17,739
|
4,23,615
|
9,41,354
|
5,09,206
|
4,71,057
|
9,58,500
|
5,25,601
|
3,56,453
|
10,16,000
|
Net income
1 |
3,07,636
|
5,41,511
|
3,74,670
|
6,75,800
|
3,54,514
|
1,50,769
|
5,05,283
|
3,68,570
|
3,28,037
|
6,96,607
|
3,35,900
|
1,80,600
|
5,16,493
|
3,75,775
|
2,95,069
|
6,70,844
|
3,40,271
|
2,68,406
|
6,08,677
|
3,48,103
|
3,01,232
|
-
|
3,27,545
|
2,05,189
|
-
|
Net margin
|
5.12%
|
9.48%
|
6.01%
|
11.48%
|
11.68%
|
4.66%
|
8.06%
|
12.01%
|
10.2%
|
11.08%
|
10.22%
|
5.07%
|
7.54%
|
12.08%
|
9.07%
|
10.54%
|
10.15%
|
7.34%
|
8.68%
|
10.99%
|
9.14%
|
-
|
9.69%
|
5.53%
|
-
|
EPS
2 |
-
|
5.834
|
-
|
7.471
|
3.972
|
1.728
|
-
|
4.163
|
3.719
|
7.882
|
3.898
|
2.140
|
-
|
4.410
|
3.460
|
7.870
|
4.020
|
3.200
|
7.220
|
4.815
|
3.772
|
-
|
3.996
|
2.174
|
-
|
Dividend per Share
2 |
-
|
2.000
|
-
|
2.200
|
-
|
2.400
|
-
|
-
|
2.400
|
2.400
|
-
|
-
|
-
|
-
|
2.500
|
2.500
|
-
|
2.600
|
2.600
|
-
|
2.600
|
2.600
|
-
|
2.600
|
2.600
|
Announcement Date
|
15/05/20
|
06/11/20
|
12/05/21
|
10/11/21
|
07/02/22
|
12/05/22
|
12/05/22
|
08/08/22
|
08/11/22
|
08/11/22
|
09/02/23
|
12/05/23
|
12/05/23
|
09/08/23
|
07/11/23
|
07/11/23
|
08/02/24
|
10/05/24
|
10/05/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net Debt
1 |
37,19,182
|
74,36,361
|
72,86,490
|
83,56,613
|
97,31,137
|
79,85,154
|
75,86,542
|
74,05,896
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.228
x
|
2.34
x
|
2.188
x
|
2.54
x
|
2.74
x
|
2.282
x
|
2.083
x
|
1.992
x
|
Free Cash Flow
1 |
11,88,562
|
12,80,744
|
13,11,105
|
5,24,101
|
3,84,924
|
7,88,949
|
8,23,271
|
8,62,733
|
ROE (net income / shareholders' equity)
|
9.3%
|
11%
|
14.9%
|
14.4%
|
13.9%
|
12.2%
|
12.1%
|
11.2%
|
ROA (Net income/ Total Assets)
|
6.93%
|
7.19%
|
7.67%
|
7.39%
|
7.2%
|
3.98%
|
4.74%
|
4.04%
|
Assets
1 |
1,23,40,707
|
1,27,45,465
|
1,54,01,466
|
1,64,08,144
|
1,77,71,125
|
3,02,34,026
|
2,70,88,574
|
3,21,64,785
|
Book Value Per Share
2 |
99.70
|
83.50
|
93.50
|
100.0
|
117.0
|
122.0
|
131.0
|
143.0
|
Cash Flow per Share
2 |
25.10
|
26.30
|
30.60
|
32.10
|
28.00
|
35.70
|
38.60
|
34.50
|
Capex
1 |
18,06,649
|
17,28,320
|
16,87,599
|
18,62,404
|
20,84,004
|
20,01,362
|
20,71,541
|
21,47,507
|
Capex / Sales
|
15.18%
|
14.47%
|
13.88%
|
14.18%
|
15.58%
|
14.79%
|
14.97%
|
15.24%
|
Announcement Date
|
15/05/20
|
12/05/21
|
12/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
-
|
Last Close Price
151.8
JPY Average target price
187.1
JPY Spread / Average Target +23.27% Consensus |