Archean Chemical Industries Limited (ACI.NS) 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

-54.0%

₹203.42

vs ₹442.70 price

Levered DCF

₹99.01

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

4.41

Safe zone

Rating

B-

Overall 3 / 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	67.83×	39.9×	26.11×	18.77×	25.15×	71.03×	-130.53×	84.22×
P/B	3.75×	3.47×	4.89×	5.02×	18.04×	65.37×	790.43×	79.52×
P/S	6.71×	6.21×	6.26×	4.99×	4.19×	6.41×	7.81×	5.98×
EV / EBITDA	31.06×	21.41×	16.57×	10.69×	11.72×	20.36×	35.96×	53.26×
Gross margin	66.6%	100.7%	91.4%	99.8%	75.3%	76.2%	74.9%	57.5%
Operating margin	14.3%	22.6%	30.4%	39.3%	35.8%	27.9%	19.9%	4.7%
Net margin	9.9%	15.6%	24.0%	26.6%	16.7%	9.0%	-6.0%	7.1%
Current ratio	1.21×	3.5×	5.38×	3.35×	2.27×	1.65×	1.03×	1.32×
Debt / equity	0.24×	0.13×	0.06×	0.05×	3.43×	12.52×	150.65×	18.7×
Interest coverage	6.02×	28.97×	47.81×	5.83×	2.51×	1.58×	0.99×	0.23×
Dividend yield	0.5%	0.2%	0.7%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	34.7%	7.6%	17.4%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.5%	8.7%	18.7%	26.7%	71.8%	92.0%	-605.1%	94.3%
Return on invested capital	4.4%	7.6%	15.7%	26.2%	22.2%	12.0%	10.1%	2.0%
Return on assets	4.0%	6.8%	15.5%	21.8%	12.3%	4.6%	-2.5%	2.8%
Free cash flow yield	-3.4%	-1.4%	2.1%	5.5%	4.6%	2.3%	-0.1%	5.1%
Earnings yield	1.5%	2.5%	3.8%	5.3%	4.0%	1.4%	-0.8%	1.2%
Enterprise value	₹76.7B	₹66.6B	₹83.8B	₹72.4B	₹56.2B	₹56.2B	₹56.3B	₹41.1B
Net debt / EBITDA	1.72×	0.62×	0.1×	0.09×	1.85×	3.23×	5.76×	9.64×
Cash conversion cycle (days)	155	-2,896	70	9,683	61	33	-137	-21