Company Valuation: Valor Estate Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 1,250 5,911 27,123 22,682 1,05,783 81,174
Change - 372.76% 358.85% -16.37% 366.37% -23.26%
Enterprise Value (EV) 1 21,955 29,645 58,220 47,717 1,18,177 97,587
Change - 35.02% 96.39% -18.04% 147.66% -17.42%
P/E ratio -0.3x -3.48x 99.7x -21.9x 6.86x -64.6x
PBR 0.08x 0.44x 1.44x 1.06x 2.11x 1.66x
PEG - 0.1x -1x 0x -0x 1x
Capitalization / Revenue 0.74x 24.1x 12.4x 3.25x 29.6x 7.16x
EV / Revenue 12.9x 121x 26.5x 6.83x 33.1x 8.61x
EV / EBITDA -37x -51.9x 124x -6.94x 66.5x -106x
EV / EBIT -36.3x -50.8x 126x -6.93x 77.9x -67.4x
EV / FCF 121x -6.31x -4.2x 29.2x -31.5x 209x
FCF Yield 0.82% -15.8% -23.8% 3.42% -3.17% 0.48%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -16.98 -6.98 1.05 -2.944 28.69 -2.333
Distribution rate - - - - - -
Net sales 1 1,696 245.6 2,194 6,982 3,575 11,331
EBITDA 1 -593.8 -571.1 469.4 -6,879 1,778 -917.2
EBIT 1 -604.6 -583.3 462.8 -6,883 1,517 -1,448
Net income 1 -4,130 -1,697 269.3 -903.8 13,194 -1,256
Net Debt 1 20,705 23,733 31,097 25,034 12,394 16,413
Reference price 2 5.14 24.30 104.70 64.41 196.70 150.75
Nbr of stocks (in thousands) 2,43,259 2,43,259 2,59,059 3,52,155 5,37,789 5,38,465
Announcement Date 28/11/20 08/09/21 08/09/22 08/09/23 06/09/24 08/09/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 62Cr
21.39x4.26x17.89x1.19% 2.93TCr
5.69x0.6x1.2x8.9% 2.7TCr
14.75x3.11x15.34x2.37% 2.48TCr
14.81x6.57x18.64x1.28% 1.97TCr
14.18x0.9x5.98x2.63% 1.97TCr
11.12x26.87x - 2.33% 1.8TCr
17.26x6.6x20.77x4.56% 1.71TCr
27.44x11.24x27.27x3.66% 1.56TCr
6.74x1.55x5.01x3.04% 1.57TCr
Average 14.82x 6.86x 14.01x 3.33% 1.88TCr
Weighted average by Cap. 14.69x 6.21x 13.50x 3.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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