Valuation · at the close on 16 Oct 2026

Next Capital Limited (NEXT) valuation

At Rs 16.31 (close on 16 Oct 2026) NEXT trades at 20.7× earnings (FY2026), above its five-year average of 15.0× and above the Inv. Banks / Inv. Cos. / Securities Cos. median of 6.2×. The shares are priced at 2.69× book value (sector median 1.05×).

P/E · today

20.7×

FY2026

5-yr average15.0× Sector median6.2×

P/B · today

2.69×

FY2026

5-yr average1.00× Sector median1.05×

Dividend yield · today

0.0%

FY2026

5-yr average0.0% Payers' median4.6%

Market value Rs 928.4 mn at Rs 16.31. Sector medians use the latest close of 35 Inv. Banks / Inv. Cos. / Securities Cos. companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10 All

NEXT valuation history (annual) (Rs mn)

Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012
Market capitalisation	746.3	456.0	261.3	294.3	384.6	728.6	336.6	238.5	427.5	1,035.4	160.0	140.4	90.4	98.0	182.2
Share price (period end) Rs	13.11	8.01	4.59	5.17	6.76	12.80	5.91	4.19	7.51	18.19	3.16	2.78	1.79	1.94	3.60
P/E (diluted)	16.65×	15.87×	—	—	12.50×	8.89×	18.92×	44.94×	—	8.28×	—	15.84×	12.16×	—	—
Price to book	2.16×	1.05×	0.64×	0.69×	0.73×	1.47×	0.83×	0.60×	1.04×	2.11×	0.99×	0.79×	0.53×	0.61×	1.08×
Dividend yield (gross)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.7%	10.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
PEG ratio	0.30×	0.07×	—	—	(0.20×)	0.02×	0.08×	0.37×	—	0.01×	—	0.83×	0.06×	—	—
P/E (diluted, normalised)	16.65×	15.87×	—	—	6.07×	8.89×	18.76×	57.10×	—	7.14×	—	15.84×	12.16×	—	—
Price to book — 5-year average	1.00×	0.93×	0.89×	0.88×	0.95×	1.26×	1.18×	1.22×	1.29×	1.27×	0.80×	—	—	—	—
Dividend yield — 5-year average	0.0%	0.0%	0.0%	0.6%	2.7%	2.0%	2.5%	2.8%	2.4%	0.0%	0.0%	—	—	—	—

NEXT valuation: frequently asked questions

What is NEXT's P/E ratio? +

At the closing price of Rs 16.31 on 16 Oct 2026, NEXT trades at a P/E of 20.7× based on EPS of Rs 0.79 (FY2026).

What is NEXT's book value per share? +

Next Capital Limited's book value per share was Rs 6.06 at the end of FY2026. The shares trade at 2.69× book value.

Information only, not investment advice.