ABC India Limited (ABCINDQ.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+68.9%

₹97.05

vs ₹57.45 price

Levered DCF

-₹6.23

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.39

Grey zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	12.68×	19.37×	27.2×	9.87×	15.43×	13.55×	5.32×	5.08×
P/B	0.5×	0.88×	1.37×	1×	1.13×	0.97×	0.66×	0.99×
P/S	0.18×	0.26×	0.38×	0.29×	0.31×	0.2×	0.1×	0.17×
EV / EBITDA	8.09×	9.94×	12.24×	8.16×	9.93×	7.15×	3.92×	4.79×
Gross margin	2.4%	4.7%	7.6%	6.7%	8.5%	6.1%	9.3%	12.1%
Operating margin	-2.2%	1.6%	7.2%	2.6%	7.2%	2.8%	4.5%	6.5%
Net margin	1.4%	1.3%	1.4%	2.9%	2.0%	1.5%	1.9%	3.2%
Current ratio	1.77×	1.54×	1.62×	1.88×	1.68×	1.34×	1.48×	1.4×
Debt / equity	0.24×	0.36×	0.46×	0.5×	0.49×	0.52×	0.41×	0.59×
Interest coverage	-2.09×	1.43×	5.33×	1.86×	4.42×	1.9×	2.43×	2.96×
Dividend yield	0.9%	0.6%	0.4%	0.7%	0.6%	0.0%	0.0%	0.0%
Payout ratio	11.7%	11.0%	11.9%	6.4%	9.9%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.0%	4.5%	5.1%	10.2%	7.3%	7.2%	12.4%	19.5%
Return on invested capital	-4.8%	3.0%	12.7%	5.8%	15.9%	7.2%	18.9%	20.7%
Return on assets	2.3%	2.1%	2.3%	4.8%	3.2%	2.3%	4.6%	7.1%
Free cash flow yield	12.5%	3.2%	1.6%	-1.1%	-6.6%	8.6%	56.6%	41.2%
Earnings yield	7.9%	5.2%	3.7%	10.1%	6.5%	7.4%	18.8%	19.7%
Enterprise value	₹397.6M	₹641.5M	₹806.4M	₹597.4M	₹591M	₹496.4M	₹344.4M	₹450.4M
Net debt / EBITDA	2.13×	2.53×	2.83×	2.47×	2.84×	2.33×	1.34×	1.68×
Cash conversion cycle (days)	10	-3	19	27	25	22	1	39