Company Valuation: Power Finance Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,00,309 2,97,273 4,00,632 12,87,865 13,67,067 13,65,087 - -
Change - -1.01% 34.77% 221.46% 6.15% -0.14% - -
Enterprise Value (EV) 3,00,309 2,97,273 4,00,632 12,87,865 13,67,067 13,65,087 13,65,087 13,65,087
Change - -1.01% 34.77% 221.46% 6.15% -0.14% 0% 0%
P/E ratio 3.56x 2.97x 3.45x 8.97x 7.88x 7.39x 6.94x 6.43x
PBR 0.57x 0.5x 0.59x 1.63x 1.5x 1.31x 1.16x 1.03x
PEG - 0.2x 0.2x 0.4x 0.4x 1.13x 1.08x 0.81x
Capitalization / Revenue 2.06x 1.87x 2.45x 7.15x 6.05x 5.48x 5.04x 4.59x
EV / Revenue 0x 0x 0x 0x 0x 5.48x 5.04x 4.59x
EV / EBITDA - - - - - 5.95x 5.68x 5.25x
EV / EBIT 0x 0x 0x 0x 0x 5.99x 5.4x 4.89x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 9.6 10.6 13.5 15.8 16.81 17.65 18.58
Rate of return 8.79% 10.7% 8.73% 3.46% 3.81% 4.06% 4.27% 4.49%
EPS 2 25.58 30.37 35.17 43.53 52.58 56.01 59.61 64.36
Distribution rate 31.3% 31.6% 30.1% 31% 30% 30% 29.6% 28.9%
Net sales 1 1,45,721 1,59,199 1,63,831 1,80,203 2,25,897 2,49,255 2,70,712 2,97,638
EBITDA 1 - - - - - 2,29,609 2,40,453 2,60,119
EBIT 1 1,37,037 1,44,498 1,38,744 1,74,545 2,16,295 2,28,042 2,52,797 2,79,441
Net income 1 84,440 1,00,219 1,16,055 1,43,670 1,73,522 1,86,177 1,99,231 2,16,192
Net Debt - - - - - - - -
Reference price 2 91.00 90.08 121.40 390.25 414.25 413.65 413.65 413.65
Nbr of stocks (in thousands) 33,00,102 33,00,102 33,00,102 33,00,102 33,00,102 33,00,102 - -
Announcement Date 15/06/21 25/05/22 27/05/23 15/05/24 21/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.08x - - 4.24% 1.42TCr
16.57x - - 2.97% 1.39TCr
12.44x - - 3.21% 1.3TCr
5.21x - - 5.89% 939.05Cr
18.78x - - 2.2% 939.25Cr
22.49x14.72x61.58x1.11% 729.07Cr
8.6x8.36x17.32x5.6% 540.82Cr
Average 13.02x 11.54x 39.45x 3.6% 1.04TCr
Weighted average by Cap. 12.79x 12.01x 42.73x 3.55%

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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