| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| SONATSOFTW | MASTEK | XCHANGING | RSYSTEMS | PERSISTENT | | SAKSOFT | |
| NSEI:SONATSOFTW | NSEI:MASTEK | NSEI:XCHANGING | NSEI:RSYSTEMS | NSEI:PERSISTENT | | NSEI:SAKSOFT | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 23.8% | 24.2% | -1.1% | 16.6% | 24.0% | | 16.3% | |
| 3Y CAGR | 26.8% | 21.1% | -3.8% | 14.7% | 33.0% | | 25.1% | |
| Latest Twelve Months | 16.8% | 11.6% | 1.6% | 3.4% | 19.2% | | 11.9% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 7.8% | 16.6% | 27.8% | 10.9% | 13.2% | | 15.6% | |
| Prior Fiscal Year | 7.4% | 15.3% | 28.1% | 12.0% | 15.1% | | 14.8% | |
| Latest Fiscal Year | 7.6% | 13.8% | 26.7% | 11.0% | 14.2% | | 16.4% | |
| Latest Twelve Months | 6.0% | 13.6% | 25.5% | 11.0% | 13.7% | | 15.6% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.03x | 2.13x | 4.34x | 2.35x | 7.33x | | 2.15x | |
| EV / LTM EBIT | 17.1x | 15.7x | 17.0x | 21.4x | 53.5x | | 13.8x | |
| Price / LTM Sales | 1.02x | 2.06x | 5.40x | 2.28x | 7.38x | | 2.31x | |
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| Low | Mid | High | | | | | |
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| Benchmark EV / LTM Revenue | 1.03x | 2.35x | 7.33x | | | | | |
| Historical EV / LTM Revenue | 0.31x | 1.79x | 3.28x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.13x | 2.25x | 2.36x | | | | | |
| (x) LTM Revenue | 8,380 | 8,380 | 8,380 | | | | | |
| (=) Implied Enterprise Value | 17,892 | 18,833 | 19,775 | | | | | |
| (-) Non-shareholder Claims * | 1,345 | 1,345 | 1,345 | | | | | |
| (=) Equity Value | 19,237 | 20,178 | 21,120 | | | | | |
| (/) Shares Outstanding | 128.0 | 128.0 | 128.0 | | | | | |
| Implied Value Range | 150.27 | 157.62 | 164.98 | | | | | |
| FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 150.27 | 157.62 | 164.98 | | 151.36 | | | |
| Upside / (Downside) | -0.7% | 4.1% | 9.0% | | | | | |