Company Valuation: Tata Consumer Products Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 5,88,779 7,16,415 6,58,193 10,44,498 9,91,379 11,05,039 - -
Change - 21.68% -8.13% 58.69% -5.09% 11.46% - -
Enterprise Value (EV) 1 5,64,732 7,02,556 6,34,504 10,47,105 9,82,606 10,83,763 10,70,828 10,55,352
Change - 24.41% -9.69% 65.03% -6.16% 10.29% -1.19% -1.45%
P/E ratio 68.7x 76.6x 54.4x 89x 76.7x 68.5x 54.1x 45.9x
PBR 4.05x 4.73x 4.03x 6.51x 4.96x 5.27x 5.04x 4.77x
PEG - 8.38x 1.9x -16.55x 12.77x 2.8x 2x 2.6x
Capitalization / Revenue 5.07x 5.77x 4.78x 6.87x 5.63x 5.52x 4.98x 4.5x
EV / Revenue 4.87x 5.65x 4.6x 6.89x 5.58x 5.41x 4.82x 4.3x
EV / EBITDA 36.6x 40.9x 34.2x 45.8x 39.6x 38.9x 32x 27.7x
EV / EBIT 43.8x 48.8x 40.9x 54.9x 52.3x 49.3x 39.3x 33.2x
EV / FCF 39.1x 56.5x 55.2x 64.4x 61.5x 69.2x 53.7x 44.7x
FCF Yield 2.56% 1.77% 1.81% 1.55% 1.63% 1.44% 1.86% 2.24%
Dividend per Share 2 4.05 6.05 8.45 7.75 8.25 9.172 10.84 12.47
Rate of return 0.63% 0.78% 1.19% 0.71% 0.82% 0.82% 0.97% 1.12%
EPS 2 9.3 10.15 13.02 12.32 13.06 16.31 20.66 24.32
Distribution rate 43.5% 59.6% 64.9% 62.9% 63.2% 56.2% 52.5% 51.3%
Net sales 1 1,16,020 1,24,254 1,37,832 1,52,058 1,76,183 2,00,329 2,21,998 2,45,642
EBITDA 1 15,438 17,188 18,565 22,841 24,794 27,854 33,460 38,055
EBIT 1 12,890 14,408 15,524 19,070 18,786 21,994 27,242 31,773
Net income 1 8,567 9,358 12,038 11,503 12,785 16,167 20,438 24,065
Net Debt 1 -24,047 -13,859 -23,689 2,607 -8,773 -21,277 -34,211 -49,688
Reference price 2 638.90 777.40 708.85 1,096.20 1,001.90 1,116.70 1,116.70 1,116.70
Nbr of stocks (in thousands) 9,21,552 9,21,553 9,28,536 9,52,835 9,89,499 9,89,558 - -
Announcement Date 06/05/21 04/05/22 25/04/23 23/04/24 23/04/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
68.34x5.4x38.82x0.82% 1.2TCr
21.35x1.88x12.06x2.32% 1.78TCr
35.59x3.58x20.92x0.68% 146.39Cr
24.9x - - - 78Cr
-5.2x - - - 38Cr
Average 29.00x 3.62x 23.93x 1.27% 649.3Cr
Weighted average by Cap. 39.17x 3.31x 22.75x 1.67%

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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