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While increasing the valuation of RIL's retail business stake to $119 billion, the firm said it estimates the EV/Ebitda (enterprise valuation to earnings before interest and depreciation, tax and amortisation) multiples of 33 times from 32 times to reflect the higher industry peers multiples. "RIL is in its fourth monetisation cycle this century; we see up to US$100 billion (bull case) in value creation as business cycles inflect, new cash flow streams emerge, and multiples catch up," the report said.
RIL shares closed at 3,120 a share with a total valuation of ₹21.11 trillion ($253 billion) as of Monday.
This story is from the July 02, 2024 edition of Business Standard.
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This story is from the July 02, 2024 edition of Business Standard.
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