| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 543622 | HFCL | 511116 | INDUSTOWER | 532354 | | SARTELE | |
| BSE:543622 | NSEI:HFCL | BSE:511116 | NSEI:INDUSTOWER | BSE:532354 | | NSEI:SARTELE | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 20.8% | 1.1% | -12.4% | 34.9% | 6.2% | | NM- | |
| 3Y CAGR | 35.3% | -4.9% | -18.6% | 2.8% | 86.3% | | 415.3% | |
| Latest Twelve Months | 18.7% | -9.0% | -12.3% | 5.3% | -64.8% | | NM | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -0.4% | 11.3% | 1.4% | 31.1% | 0.1% | | -59.4% | |
| Prior Fiscal Year | 1.3% | 11.2% | 5.1% | 30.2% | 0.9% | | 14.4% | |
| Latest Fiscal Year | -3.9% | 8.5% | 5.5% | 47.9% | 0.3% | | 13.1% | |
| Latest Twelve Months | -4.5% | 8.5% | 5.5% | 47.9% | -4.0% | | 14.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.96x | 3.33x | 8.94x | 4.03x | 0.19x | | 3.44x | |
| EV / LTM EBIT | -21.4x | 39.4x | 162.2x | 8.4x | -4.7x | | 24.7x | |
| Price / LTM Sales | 0.77x | 3.11x | 0.09x | 3.44x | 0.20x | | 3.47x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.19x | 3.33x | 8.94x | | | | | |
| Historical EV / LTM Revenue | 0.00x | NM | 0.00x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 4.27x | 4.50x | 4.72x | | | | | |
| (x) LTM Revenue | 2,780 | 2,780 | 2,780 | | | | | |
| (=) Implied Enterprise Value | 11,873 | 12,498 | 13,122 | | | | | |
| (-) Non-shareholder Claims * | 65 | 65 | 65 | | | | | |
| (=) Equity Value | 11,938 | 12,563 | 13,188 | | | | | |
| (/) Shares Outstanding | 37.1 | 37.1 | 37.1 | | | | | |
| Implied Value Range | 321.41 | 338.23 | 355.06 | | | | | |
| FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 321.41 | 338.23 | 355.06 | | 259.50 | | | |
| Upside / (Downside) | 23.9% | 30.3% | 36.8% | | | | | |