| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| INGERRAND | JAMNAAUTO | KIRLOSENG | SKP | VESUVIUS | | JWL | |
| NSEI:INGERRAND | NSEI:JAMNAAUTO | NSEI:KIRLOSENG | NSEI:SKP | NSEI:VESUVIUS | | NSEI:JWL | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 10.4% | 2.6% | 10.2% | 4.9% | 16.1% | | 76.0% | |
| 3Y CAGR | 25.2% | 31.0% | 21.4% | 12.0% | 21.3% | | 54.1% | |
| Latest Twelve Months | 9.4% | -6.1% | 11.2% | 21.0% | 16.6% | | 24.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 18.7% | 9.9% | 11.0% | 35.4% | 10.8% | | 7.5% | |
| Prior Fiscal Year | 20.5% | 9.5% | 12.6% | 38.2% | 15.7% | | 11.0% | |
| Latest Fiscal Year | 23.2% | 11.7% | 15.4% | 31.4% | 16.1% | | 12.7% | |
| Latest Twelve Months | 25.4% | 11.5% | 16.7% | 16.2% | 16.1% | | 13.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 8.36x | 1.42x | 2.41x | 7.08x | 4.65x | | 3.70x | |
| EV / LTM EBIT | 32.8x | 12.3x | 14.4x | 43.6x | 28.8x | | 28.4x | |
| Price / LTM Sales | 8.57x | 1.35x | 1.75x | 6.57x | 4.90x | | 3.86x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.42x | 4.65x | 8.36x | | | | | |
| Historical EV / LTM Revenue | 0.68x | 1.08x | 4.83x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.85x | 3.00x | 3.15x | | | | | |
| (x) LTM Revenue | 40,341 | 40,341 | 40,341 | | | | | |
| (=) Implied Enterprise Value | 115,133 | 121,192 | 127,252 | | | | | |
| (-) Non-shareholder Claims * | 6,302 | 6,302 | 6,302 | | | | | |
| (=) Equity Value | 121,435 | 127,494 | 133,554 | | | | | |
| (/) Shares Outstanding | 424.5 | 424.5 | 424.5 | | | | | |
| Implied Value Range | 286.07 | 300.34 | 314.62 | | | | | |
| FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 286.07 | 300.34 | 314.62 | | 368.80 | | | |
| Upside / (Downside) | -22.4% | -18.6% | -14.7% | | | | | |