נראה כי אירעה שגיאה במהלך טעינת העמוד הזה.
הצוות שלנו קיבל דיווח על כך, אבל אם הבעיה נמשכת, אנא צרו קשר באמצעות יישומון תמיכה במייל
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 15.5x - 17.1x | 16.3x |
| Selected Fwd EBIT Multiple | 5.2x - 5.7x | 5.4x |
| Fair Value | ₹1,359 - ₹1,489 | ₹1,424 |
| Upside | 36.6% - 49.7% | 43.1% |
| Benchmarks | Ticker | Full Ticker |
| Cigniti Technologies Limited | CIGNITITEC | NSEI:CIGNITITEC |
| LTIMindtree Limited | LTIM | NSEI:LTIM |
| Tech Mahindra Limited | TECHM | NSEI:TECHM |
| Wipro Limited | WIPRO | NSEI:WIPRO |
| Tata Consultancy Services Limited | TCS | NSEI:TCS |
| Expleo Solutions Limited | EXPLEOSOL | NSEI:EXPLEOSOL |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| CIGNITITEC | LTIM | TECHM | WIPRO | TCS | EXPLEOSOL | ||
| NSEI:CIGNITITEC | NSEI:LTIM | NSEI:TECHM | NSEI:WIPRO | NSEI:TCS | NSEI:EXPLEOSOL | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 14.2% | 25.7% | 3.6% | 8.3% | 10.0% | 22.0% | |
| 3Y CAGR | 31.1% | 5.8% | -7.6% | 4.0% | 8.7% | 6.8% | |
| Latest Twelve Months | 87.3% | 3.7% | 46.6% | 6.8% | 2.2% | 2.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 11.9% | 16.4% | 11.2% | 16.6% | 24.8% | 16.3% | |
| Prior Fiscal Year | 10.5% | 15.7% | 6.1% | 15.1% | 24.6% | 11.9% | |
| Latest Fiscal Year | 12.7% | 14.5% | 9.7% | 17.0% | 24.3% | 12.5% | |
| Latest Twelve Months | 15.4% | 14.4% | 11.0% | 16.8% | 24.6% | 11.8% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.08x | 3.93x | 2.23x | 2.34x | 4.10x | 1.31x | |
| EV / LTM EBITDA | 13.0x | 24.9x | 16.9x | 12.2x | 15.8x | 8.8x | |
| EV / LTM EBIT | 13.5x | 27.2x | 20.2x | 14.0x | 16.7x | 11.1x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 13.5x | 16.7x | 27.2x | ||||
| Historical EV / LTM EBIT | 7.2x | 11.8x | 24.2x | ||||
| Selected EV / LTM EBIT | 15.5x | 16.3x | 17.1x | ||||
| (x) LTM EBIT | 1,219 | 1,219 | 1,219 | ||||
| (=) Implied Enterprise Value | 18,881 | 19,875 | 20,869 | ||||
| (-) Non-shareholder Claims * | 1,882 | 1,882 | 1,882 | ||||
| (=) Equity Value | 20,763 | 21,757 | 22,751 | ||||
| (/) Shares Outstanding | 15.5 | 15.5 | 15.5 | ||||
| Implied Value Range | 1,337.86 | 1,401.89 | 1,465.92 | ||||
| FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 1,337.86 | 1,401.89 | 1,465.92 | 995.20 | |||
| Upside / (Downside) | 34.4% | 40.9% | 47.3% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CIGNITITEC | LTIM | TECHM | WIPRO | TCS | EXPLEOSOL | |
| Enterprise Value | 44,680 | 1,559,043 | 1,201,916 | 2,121,753 | 10,506,650 | 13,563 | |
| (+) Cash & Short Term Investments | 2,312 | 122,468 | 72,789 | 511,180 | 487,140 | 2,180 | |
| (+) Investments & Other | 0 | 18,387 | 901 | 44,417 | 19,690 | 0 | |
| (-) Debt | (203) | (23,826) | (19,544) | (161,637) | (109,320) | (298) | |
| (-) Other Liabilities | 0 | (386) | (4,489) | (1,906) | (10,460) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 46,789 | 1,675,686 | 1,251,573 | 2,513,807 | 10,893,700 | 15,445 | |
| (/) Shares Outstanding | 27.5 | 296.5 | 885.4 | 10,472.0 | 3,618.1 | 15.5 | |
| Implied Stock Price | 1,704.10 | 5,652.00 | 1,413.60 | 240.05 | 3,010.90 | 995.20 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1,704.10 | 5,652.00 | 1,413.60 | 240.05 | 3,010.90 | 995.20 | |
| Trading Currency | INR | INR | INR | INR | INR | INR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |