EMAMI LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 735.8 INR | +1.71% |
|
+3.39% | +30.44% |
| May. 31 | Emami Realty's Consolidated Loss Balloons in Fiscal Q4 | MT |
| May. 30 | Jefferies Adjusts Emami’s Price Target to INR630 From INR580, Keeps at Buy | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 181,574 | 77,041 | 216,767 | 197,547 | 158,108 | 321,199 | - | - |
| Enterprise Value (EV) 1 | 180,062 | 76,484 | 212,831 | 199,024 | 156,997 | 185,858 | 314,223 | 309,346 |
| P/E ratio | 59.9 x | 25.5 x | 47.7 x | 23.7 x | 24.7 x | 25.9 x | 38.6 x | 34 x |
| Yield | 1% | 2.35% | 1.64% | 1.79% | 2.23% | 1.45% | 1.54% | 1.73% |
| Capitalization / Revenue | 6.74 x | 2.9 x | 7.53 x | 6.19 x | 4.64 x | 5.23 x | 8.2 x | 7.49 x |
| EV / Revenue | 6.69 x | 2.88 x | 7.39 x | 6.24 x | 4.61 x | 5.19 x | 8.02 x | 7.22 x |
| EV / EBITDA | 24.8 x | 11.2 x | 20.8 x | 20.9 x | 18.2 x | 19.6 x | 29.4 x | 25.9 x |
| EV / FCF | 47.6 x | 20.6 x | 24 x | 124 x | 22.2 x | 25.2 x | 37.9 x | 32.5 x |
| FCF Yield | 2.1% | 4.86% | 4.17% | 0.81% | 4.51% | 3.97% | 2.64% | 3.07% |
| Price to Book | 8.75 x | 4.22 x | 12.3 x | 9.51 x | 6.87 x | 7.65 x | 11.2 x | 9.98 x |
| Nbr of stocks (in thousands) | 453,935 | 453,181 | 444,514 | 441,150 | 441,150 | 436,500 | - | - |
| Reference price 2 | 400.0 | 170.0 | 487.6 | 447.8 | 358.4 | 735.8 | 735.8 | 735.8 |
| Announcement Date | 5/27/19 | 6/26/20 | 5/25/21 | 5/13/22 | 5/25/23 | 5/29/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,929 | 26,549 | 28,805 | 31,920 | 34,057 | 35,781 | 39,193 | 42,860 |
| EBITDA 1 | 7,255 | 6,845 | 10,236 | 9,524 | 8,628 | 9,495 | 10,694 | 11,934 |
| EBIT 1 | 4,002 | 4,053 | 6,566 | 6,176 | 6,155 | 7,636 | 8,774 | 9,920 |
| Operating Margin | 14.86% | 15.26% | 22.8% | 19.35% | 18.07% | 21.34% | 22.39% | 23.15% |
| Earnings before Tax (EBT) 1 | 4,034 | 3,736 | 5,689 | 7,026 | 6,770 | 8,004 | 9,391 | 10,730 |
| Net income 1 | 3,032 | 3,029 | 4,547 | 8,390 | 6,396 | 7,235 | 8,184 | 9,295 |
| Net margin | 11.26% | 11.41% | 15.79% | 26.28% | 18.78% | 20.22% | 20.88% | 21.69% |
| EPS 2 | 6.680 | 6.670 | 10.23 | 18.88 | 14.50 | 16.55 | 19.05 | 21.62 |
| Free Cash Flow 1 | 3,780 | 3,716 | 8,878 | 1,603 | 7,084 | 7,384 | 8,284 | 9,504 |
| FCF margin | 14.04% | 14% | 30.82% | 5.02% | 20.8% | 20.64% | 21.14% | 22.17% |
| FCF Conversion (EBITDA) | 52.1% | 54.29% | 86.74% | 16.83% | 82.11% | 77.77% | 77.47% | 79.64% |
| FCF Conversion (Net income) | 124.65% | 122.69% | 195.26% | 19.11% | 110.77% | 102.06% | 101.22% | 102.25% |
| Dividend per Share 2 | 4.000 | 4.000 | 8.000 | 8.000 | 8.000 | 10.69 | 11.32 | 12.70 |
| Announcement Date | 5/27/19 | 6/26/20 | 5/25/21 | 5/13/22 | 5/25/23 | 5/29/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,336 | 7,308 | 6,610 | 7,888 | 9,718 | 7,704 | 7,783 | 8,138 | 9,827 | 8,360 | 8,257 | 8,528 | 10,138 | 8,670 | 8,803 |
| EBITDA 1 | 3,402 | 1,628 | 1,697 | 2,772 | 3,415 | 1,639 | 1,733 | 1,954 | 2,942 | 1,998 | 1,900 | 2,190 | 3,100 | 2,108 | 1,987 |
| EBIT | - | 798.4 | 867.1 | 1,933 | - | - | - | 1,474 | 2,470 | - | - | - | 2,922 | 1,508 | 1,472 |
| Operating Margin | - | 10.93% | 13.12% | 24.5% | - | - | - | 18.12% | 25.14% | - | - | - | 28.82% | 17.39% | 16.72% |
| Earnings before Tax (EBT) 1 | 2,527 | - | - | - | 2,719 | - | - | - | 2,521 | - | 1,502 | 1,832 | - | - | - |
| Net income 1 | 2,090 | 877.3 | 777.9 | 1,852 | 2,200 | 3,560 | - | - | - | - | 1,377 | 1,676 | 2,586 | 1,558 | 1,396 |
| Net margin | 22.38% | 12.01% | 11.77% | 23.48% | 22.63% | 46.21% | - | - | - | - | 16.68% | 19.65% | 25.5% | 17.96% | 15.86% |
| EPS 2 | 4.700 | 1.970 | 1.750 | 4.170 | - | - | - | 4.170 | 5.370 | 3.270 | 3.130 | 4.000 | 6.040 | 2.400 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/27/21 | 5/25/21 | 8/2/21 | 10/29/21 | 2/4/22 | 5/13/22 | 7/29/22 | 11/11/22 | 2/3/23 | 5/25/23 | 8/7/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,477 | - | - | - | - |
| Net Cash position 1 | 1,512 | 557 | 3,936 | - | 1,111 | 1,357 | 6,975 | 11,852 |
| Leverage (Debt/EBITDA) | - | - | - | 0.1551 x | - | - | - | - |
| Free Cash Flow 1 | 3,780 | 3,717 | 8,878 | 1,603 | 7,084 | 7,384 | 8,284 | 9,504 |
| ROE (net income / shareholders' equity) | 24.3% | 26.7% | 37.3% | 41.9% | 29.2% | 30.5% | 32% | 31.5% |
| ROA (Net income/ Total Assets) | 17.7% | 18.9% | 25.7% | 28.9% | 20.7% | 22.6% | 22.4% | 22.7% |
| Assets 1 | 17,156 | 15,989 | 17,671 | 29,055 | 30,836 | 31,948 | 36,531 | 40,881 |
| Book Value Per Share 2 | 45.70 | 40.20 | 39.60 | 47.10 | 52.20 | 56.10 | 65.40 | 73.80 |
| Cash Flow per Share 2 | 11.30 | 11.70 | 20.70 | 14.50 | 17.00 | 17.80 | 20.30 | 22.80 |
| Capex 1 | 1,346 | 1,591 | 337 | 4,836 | 405 | 406 | 1,189 | 1,066 |
| Capex / Sales | 5% | 5.99% | 1.17% | 15.15% | 1.19% | 1.13% | 3.03% | 2.49% |
| Announcement Date | 5/27/19 | 6/26/20 | 5/25/21 | 5/13/22 | 5/25/23 | 5/29/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
735.8
INR
Average target price
660.4
INR
Spread / Average Target
-10.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +30.44% | 3.78B | |
| +11.80% | 387B | |
| +13.21% | 136B | |
| +20.30% | 78.86B | |
| -5.75% | 69.96B | |
| -27.22% | 37.96B | |
| +0.07% | 32.83B | |
| +9.32% | 18.11B | |
| +20.93% | 16.8B | |
| +9.42% | 12.8B |
- Stock Market
- Equities
- EMAMILTD Stock
- Financials Emami Limited
