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 -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 -87.5x
EV / EBIT -36.3x -50.8x 126x -6.93x 77.9x -59.3x
EV / FCF 121x -6.31x -4.2x 29.2x -31.5x 285x
FCF Yield 0.82% -15.8% -23.8% 3.42% -3.17% 0.35%
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 -1,116
EBIT 1 -604.6 -583.3 462.8 -6,883 1,517 -1,646
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.($)
- - - - 55Cr
14.04x4.51x12.17x3.61% 4TCr
17.8x3.94x15.85x1.38% 2.82TCr
7.88x1.42x7.8x4.49% 2.65TCr
5.45x0.65x1.36x9.17% 2.62TCr
13.78x3.08x14.74x2.54% 2.61TCr
10.63x2.15x9.15x3.95% 2.14TCr
7.85x0.87x3.17x2.85% 2.01TCr
13.11x6.41x16.85x1.66% 1.93TCr
37.44x13.73x34.11x3.16% 1.81TCr
Average 14.22x 4.08x 12.80x 3.65% 2.27TCr
Weighted average by Cap. 13.69x 3.82x 12.24x 3.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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