Real-time Estimate
Tradegate
05:00:00 01/07/2024 pm IST
|
5-day change
|
1st Jan Change
|
2.038
EUR
|
+0.30%
|
|
+0.91%
|
+4.45%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,38,979
|
1,42,125
|
1,46,171
|
1,14,433
|
1,18,615
|
1,24,806
|
-
|
-
|
Enterprise Value (EV)
1 |
1,42,872
|
1,41,743
|
1,35,290
|
1,03,837
|
90,208
|
96,506
|
90,966
|
86,391
|
P/E ratio
|
29
x
|
36.6
x
|
22.8
x
|
15.1
x
|
13.5
x
|
12.5
x
|
11.6
x
|
11.2
x
|
Yield
|
0.57%
|
0.59%
|
0.9%
|
1.55%
|
2.58%
|
2.5%
|
2.73%
|
3.37%
|
Capitalization / Revenue
|
1.53
x
|
1.4
x
|
1.28
x
|
0.93
x
|
0.95
x
|
0.96
x
|
0.89
x
|
0.86
x
|
EV / Revenue
|
1.57
x
|
1.4
x
|
1.18
x
|
0.84
x
|
0.73
x
|
0.74
x
|
0.65
x
|
0.59
x
|
EV / EBITDA
|
13.5
x
|
15.7
x
|
10.5
x
|
8.08
x
|
6.4
x
|
6.47
x
|
5.77
x
|
4.82
x
|
EV / FCF
|
51.4
x
|
37.6
x
|
13.2
x
|
39.2
x
|
6.73
x
|
11.5
x
|
9.87
x
|
8.69
x
|
FCF Yield
|
1.95%
|
2.66%
|
7.58%
|
2.55%
|
14.9%
|
8.72%
|
10.1%
|
11.5%
|
Price to Book
|
5.19
x
|
3.59
x
|
3.08
x
|
2.09
x
|
1.86
x
|
1.78
x
|
1.61
x
|
1.46
x
|
Nbr of stocks (in thousands)
|
42,27,429
|
46,10,461
|
47,26,548
|
47,36,113
|
47,83,252
|
47,83,252
|
-
|
-
|
Reference price
2 |
35.39
|
33.65
|
33.50
|
25.86
|
26.48
|
27.97
|
27.97
|
27.97
|
Announcement Date
|
27/03/20
|
22/01/21
|
08/03/22
|
10/03/23
|
08/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
90,737
|
1,01,451
|
1,14,522
|
1,22,954
|
1,24,251
|
1,30,199
|
1,40,224
|
1,45,848
|
EBITDA
1 |
10,614
|
9,036
|
12,859
|
12,853
|
14,098
|
16,612
|
15,757
|
16,393
|
EBIT
1 |
7,552
|
5,471
|
8,676
|
8,795
|
9,172
|
11,836
|
12,273
|
13,134
|
Operating Margin
|
8.32%
|
5.39%
|
7.58%
|
7.15%
|
7.38%
|
9.09%
|
8.75%
|
9%
|
Earnings before Tax (EBT)
1 |
7,162
|
5,064
|
8,499
|
8,752
|
10,203
|
11,794
|
12,744
|
13,736
|
Net income
1 |
5,148
|
4,260
|
6,813
|
8,080
|
9,326
|
10,692
|
11,400
|
11,856
|
Net margin
|
5.67%
|
4.2%
|
5.95%
|
6.57%
|
7.51%
|
8.21%
|
8.13%
|
8.13%
|
EPS
2 |
1.220
|
0.9200
|
1.470
|
1.710
|
1.960
|
2.235
|
2.403
|
2.505
|
Free Cash Flow
1 |
2,780
|
3,770
|
10,258
|
2,650
|
13,401
|
8,418
|
9,215
|
9,936
|
FCF margin
|
3.06%
|
3.72%
|
8.96%
|
2.16%
|
10.79%
|
6.47%
|
6.57%
|
6.81%
|
FCF Conversion (EBITDA)
|
26.19%
|
41.73%
|
79.77%
|
20.62%
|
95.06%
|
50.68%
|
58.48%
|
60.61%
|
FCF Conversion (Net income)
|
54%
|
88.51%
|
150.56%
|
32.8%
|
143.7%
|
78.73%
|
80.83%
|
83.81%
|
Dividend per Share
2 |
0.2000
|
0.2000
|
0.3000
|
0.4000
|
0.6830
|
0.6997
|
0.7642
|
0.9418
|
Announcement Date
|
27/03/20
|
22/01/21
|
08/03/22
|
10/03/23
|
08/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
46,127
|
47,199
|
54,251
|
53,071
|
30,696
|
61,451
|
27,930
|
31,888
|
32,741
|
30,395
|
63,136
|
29,143
|
31,562
|
28,689
|
34,857
|
63,546
|
30,578
|
32,819
|
32,022
|
36,849
|
33,834
|
36,642
|
EBITDA
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
3,533
|
4,234
|
2,496
|
-
|
-
|
EBIT
1 |
-
|
2,938
|
-
|
-
|
973.3
|
-
|
2,423
|
2,844
|
2,516
|
1,240
|
3,528
|
3,113
|
2,463
|
2,958
|
868.8
|
4,156
|
3,006
|
2,872
|
3,043
|
2,008
|
-
|
-
|
Operating Margin
|
-
|
6.22%
|
-
|
-
|
3.17%
|
-
|
8.67%
|
8.92%
|
7.68%
|
4.08%
|
5.59%
|
10.68%
|
7.8%
|
10.31%
|
2.49%
|
6.54%
|
9.83%
|
8.75%
|
9.5%
|
5.45%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
4,924
|
2,841
|
2,223
|
5,527
|
845.8
|
2,972
|
-
|
-
|
2,300
|
1,240
|
3,540
|
3,089
|
2,970
|
2,402
|
1,742
|
4,144
|
3,207
|
3,388
|
3,476
|
2,707
|
-
|
-
|
Net income
1 |
3,677
|
1,857
|
2,402
|
4,079
|
960
|
-
|
-
|
-
|
2,254
|
1,260
|
3,514
|
2,642
|
2,830
|
2,369
|
1,485
|
3,854
|
2,741
|
2,635
|
2,836
|
2,198
|
-
|
-
|
Net margin
|
7.97%
|
3.93%
|
4.43%
|
7.69%
|
3.13%
|
-
|
-
|
-
|
6.88%
|
4.15%
|
5.57%
|
9.07%
|
8.97%
|
8.26%
|
4.26%
|
6.06%
|
8.96%
|
8.03%
|
8.86%
|
5.96%
|
-
|
-
|
EPS
2 |
-
|
-
|
0.5200
|
-
|
0.2100
|
-
|
0.4700
|
0.4900
|
0.4800
|
0.2700
|
0.7500
|
0.5600
|
0.5900
|
0.5000
|
0.3100
|
0.8100
|
0.5700
|
0.5645
|
0.5432
|
0.3838
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
27/03/20
|
28/08/20
|
22/01/21
|
27/08/21
|
08/03/22
|
08/03/22
|
25/04/22
|
26/08/22
|
26/10/22
|
10/03/23
|
10/03/23
|
21/04/23
|
18/08/23
|
23/10/23
|
08/03/24
|
08/03/24
|
25/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,893
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
382
|
10,881
|
10,596
|
28,407
|
29,531
|
33,840
|
37,029
|
Leverage (Debt/EBITDA)
|
0.3667
x
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,780
|
3,770
|
10,258
|
2,650
|
13,401
|
8,418
|
9,215
|
9,936
|
ROE (net income / shareholders' equity)
|
20%
|
10.2%
|
14.5%
|
14.7%
|
15.2%
|
14.2%
|
14%
|
13.6%
|
ROA (Net income/ Total Assets)
|
3.81%
|
2.92%
|
4.27%
|
4.62%
|
4.88%
|
5.3%
|
5.73%
|
6.22%
|
Assets
1 |
1,35,292
|
1,45,932
|
1,59,699
|
1,74,860
|
1,90,957
|
2,01,737
|
1,98,956
|
1,90,715
|
Book Value Per Share
2 |
6.820
|
9.380
|
10.90
|
12.40
|
14.20
|
15.70
|
17.40
|
19.20
|
Cash Flow per Share
2 |
1.760
|
2.220
|
3.390
|
1.600
|
3.640
|
3.670
|
2.730
|
4.090
|
Capex
1 |
4,667
|
6,462
|
5,466
|
4,928
|
4,005
|
4,789
|
4,833
|
4,698
|
Capex / Sales
|
5.14%
|
6.37%
|
4.77%
|
4.01%
|
3.22%
|
3.68%
|
3.45%
|
3.22%
|
Announcement Date
|
27/03/20
|
22/01/21
|
08/03/22
|
10/03/23
|
08/03/24
|
-
|
-
|
-
|
Last Close Price
27.97
CNY Average target price
33.52
CNY Spread / Average Target +19.84% Consensus |
1st Jan change
|
Capi.
|
---|
| -5.96% | 19TCr | | +48.82% | 11TCr | | +81.22% | 7.49TCr | | +23.30% | 6.44TCr | | +26.75% | 3.13TCr | | +19.00% | 2.1TCr | | +70.96% | 2.08TCr | | +5.59% | 2.07TCr | | +23.68% | 1.18TCr |
Other Communications & Networking
|