Financials Birla Corporation Limited NSE India S.E.

Equities

BIRLACORPN

INE340A01012

Construction Materials

Delayed NSE India S.E. 07:40:47 2024-04-29 am EDT 5-day change 1st Jan Change
1,450 INR +0.16% Intraday chart for Birla Corporation Limited -0.02% +0.65%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 40,432 32,111 73,190 90,824 68,311 111,604 - -
Enterprise Value (EV) 1 70,913 32,111 97,883 121,261 104,101 146,349 142,342 144,375
P/E ratio 15.8 x 6.36 x 11.6 x 22.8 x 169 x 25.4 x 17.4 x 13.8 x
Yield 1.43% 1.8% 1.05% 0.85% 0.28% 0.49% 0.66% 0.73%
Capitalization / Revenue 0.62 x 0.46 x 1.08 x 1.22 x 0.79 x 1.15 x 1.06 x 0.98 x
EV / Revenue 1.08 x 0.46 x 1.44 x 1.63 x 1.2 x 1.51 x 1.35 x 1.27 x
EV / EBITDA 7.48 x 2.4 x 7.32 x 10.9 x 13.5 x 10.2 x 8.49 x 7.61 x
EV / FCF 11 x 9.16 x 18.6 x 46.9 x 59.7 x 24.4 x 19.8 x 18.3 x
FCF Yield 9.09% 10.9% 5.36% 2.13% 1.68% 4.09% 5.04% 5.46%
Price to Book 0.9 x 0.67 x 1.33 x 1.5 x 1.14 x 1.77 x 1.63 x 1.48 x
Nbr of stocks (in thousands) 77,005 77,005 77,005 77,005 77,005 77,005 - -
Reference price 2 525.0 417.0 950.4 1,179 887.1 1,449 1,449 1,449
Announcement Date 5/3/19 5/22/20 5/12/21 5/11/22 5/9/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 65,487 69,157 67,854 74,612 86,823 97,179 105,183 113,983
EBITDA 1 9,486 13,360 13,376 11,100 7,720 14,280 16,760 18,980
EBIT 1 6,095 9,841 9,668 7,131 2,621 8,931 11,292 13,272
Operating Margin 9.31% 14.23% 14.25% 9.56% 3.02% 9.19% 10.74% 11.64%
Earnings before Tax (EBT) 1 3,174 6,815 7,126 5,378 431.1 5,880 8,827 11,061
Net income 1 2,557 5,052 6,301 3,986 405 4,327 6,480 8,206
Net margin 3.9% 7.3% 9.29% 5.34% 0.47% 4.45% 6.16% 7.2%
EPS 2 33.21 65.60 81.83 51.76 5.260 57.10 83.13 105.1
Free Cash Flow 1 6,444 3,505 5,249 2,586 1,744 5,986 7,176 7,880
FCF margin 9.84% 5.07% 7.74% 3.47% 2.01% 6.16% 6.82% 6.91%
FCF Conversion (EBITDA) 67.93% 26.24% 39.24% 23.29% 22.6% 41.92% 42.82% 41.51%
FCF Conversion (Net income) 252.03% 69.39% 83.3% 64.87% 430.74% 138.35% 110.76% 96.02%
Dividend per Share 2 7.500 7.500 10.00 10.00 2.500 7.090 9.600 10.63
Announcement Date 5/3/19 5/22/20 5/12/21 5/11/22 5/9/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 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
Net sales 1 17,766 21,326 17,491 16,978 17,501 22,642 22,038 19,998 20,161 24,626 24,085 22,338 23,178 26,172
EBITDA 1 3,297 3,920 3,436 2,673 2,224 2,767 2,593 939.6 1,444 2,743 2,978 2,912 3,506 4,068
EBIT - - 2,452 1,691 - 1,770 1,448 - 145.5 1,342 - 1,972 1,945 2,539
Operating Margin - - 14.02% 9.96% - 7.82% 6.57% - 0.72% 5.45% - 8.83% 8.39% 9.7%
Earnings before Tax (EBT) 1 2,122 1,798 1,906 1,192 748.1 1,532 - -824.8 -644.8 1,129 762.8 907.7 1,437 1,880
Net income 1 1,484 2,493 1,415 855.5 604.5 1,111 619.2 -564.6 -499.1 849.5 597.1 666.2 1,043 1,437
Net margin 8.35% 11.69% 8.09% 5.04% 3.45% 4.91% 2.81% -2.82% -2.48% 3.45% 2.48% 2.98% 4.5% 5.49%
EPS - 32.38 18.38 11.11 7.850 14.42 - -7.330 -6.480 11.03 - 9.567 13.70 18.60
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/23/21 5/12/21 8/5/21 11/10/21 2/4/22 5/11/22 8/6/22 11/8/22 2/4/23 5/9/23 8/8/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 30,481 - 24,693 30,438 35,790 34,745 30,738 32,771
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.213 x - 1.846 x 2.742 x 4.636 x 2.433 x 1.834 x 1.727 x
Free Cash Flow 1 6,444 3,505 5,249 2,586 1,745 5,986 7,176 7,880
ROE (net income / shareholders' equity) 5.83% 10.9% 12.2% 6.91% 0.67% 7.19% 9.84% 11.3%
ROA (Net income/ Total Assets) - - - 3.3% 0.29% - - -
Assets 1 - - - 120,873 139,607 - - -
Book Value Per Share 2 584.0 624.0 712.0 785.0 777.0 818.0 891.0 980.0
Cash Flow per Share - - - - - - - -
Capex 1 4,197 9,907 8,035 7,806 6,310 7,155 8,403 8,345
Capex / Sales 6.41% 14.33% 11.84% 10.46% 7.27% 7.36% 7.99% 7.32%
Announcement Date 5/3/19 5/22/20 5/12/21 5/11/22 5/9/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
1,449 INR
Average target price
1,790 INR
Spread / Average Target
+23.48%
Consensus
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