Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 14.8x - 16.4x | 15.6x |
| Selected Fwd EBIT Multiple | 9.0x - 10.0x | 9.5x |
| Fair Value | ₹502.75 - ₹567.44 | ₹535.09 |
| Upside | 29.2% - 45.8% | 37.5% |
| Benchmarks | Ticker | Full Ticker |
| Vibhor Steel Tubes Limited | VSTL | NSEI:VSTL |
| Hi-Tech Pipes Limited | HITECH | NSEI:HITECH |
| JTL Industries Limited | JTLIND | NSEI:JTLIND |
| Swastik Pipe Limited | SWASTIK | NSEI:SWASTIK |
| Tata Steel Limited | TATASTEEL | NSEI:TATASTEEL |
| Hariom Pipe Industries Limited | HARIOMPIPE | NSEI:HARIOMPIPE |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| VSTL | HITECH | JTLIND | SWASTIK | TATASTEEL | HARIOMPIPE | ||
| NSEI:VSTL | NSEI:HITECH | NSEI:JTLIND | NSEI:SWASTIK | NSEI:TATASTEEL | NSEI:HARIOMPIPE | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 19.3% | 7.4% | 55.6% | -6.5% | 12.1% | 46.8% | |
| 3Y CAGR | 48.8% | 16.7% | 16.4% | -7.7% | -35.6% | 37.6% | |
| Latest Twelve Months | NM | 40.0% | -22.5% | -44.0% | 19.8% | 19.5% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 3.3% | 4.3% | 7.1% | 3.0% | 11.1% | 10.3% | |
| Prior Fiscal Year | 3.5% | 3.7% | 7.2% | 3.2% | 5.4% | 9.1% | |
| Latest Fiscal Year | 3.8% | 4.5% | 5.9% | 2.6% | 6.8% | 9.2% | |
| Latest Twelve Months | 2.8% | 4.5% | 5.9% | 2.3% | 6.8% | 9.2% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.41x | 0.63x | 1.38x | 0.26x | 1.27x | 1.15x | |
| EV / LTM EBITDA | 11.1x | 12.2x | 21.6x | 8.5x | 11.0x | 8.9x | |
| EV / LTM EBIT | 14.6x | 14.0x | 23.3x | 11.0x | 18.7x | 12.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 11.0x | 14.6x | 23.3x | ||||
| Historical EV / LTM EBIT | 12.4x | 17.1x | 21.7x | ||||
| Selected EV / LTM EBIT | 14.8x | 15.6x | 16.4x | ||||
| (x) LTM EBIT | 1,251 | 1,251 | 1,251 | ||||
| (=) Implied Enterprise Value | 18,552 | 19,529 | 20,505 | ||||
| (-) Non-shareholder Claims * | (3,464) | (3,464) | (3,464) | ||||
| (=) Equity Value | 15,089 | 16,065 | 17,041 | ||||
| (/) Shares Outstanding | 31.0 | 31.0 | 31.0 | ||||
| Implied Value Range | 487.24 | 518.78 | 550.31 | ||||
| FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 487.24 | 518.78 | 550.31 | 389.15 | |||
| Upside / (Downside) | 25.2% | 33.3% | 41.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | VSTL | HITECH | JTLIND | SWASTIK | TATASTEEL | HARIOMPIPE | |
| Enterprise Value | 4,115 | 19,420 | 26,418 | 1,868 | 2,781,529 | 15,514 | |
| (+) Cash & Short Term Investments | 154 | 1,826 | 773 | 107 | 120,896 | 508 | |
| (+) Investments & Other | 0 | 38 | 103 | 0 | 57,515 | 44 | |
| (-) Debt | (1,354) | (1,918) | (762) | (1,116) | (948,011) | (4,015) | |
| (-) Other Liabilities | 0 | 0 | (3) | 0 | (1,832) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 2,915 | 19,366 | 26,529 | 858 | 2,010,098 | 12,051 | |
| (/) Shares Outstanding | 19.0 | 203.1 | 393.1 | 23.2 | 12,483.5 | 31.0 | |
| Implied Stock Price | 153.73 | 95.35 | 67.49 | 36.95 | 161.02 | 389.15 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 153.73 | 95.35 | 67.49 | 36.95 | 161.02 | 389.15 | |
| 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 | |