Acutaas Chemicals Limited (ACUTAAS.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

-132.9%

-₹1,260.48

vs ₹3,827.30 price

Levered DCF

-₹1,137.41

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

64.58

Safe zone

Rating

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	58.8×	63.8×	47.73×	19.46×	23.83×	27.28×	53.61×	73.16×
P/B	12.67×	7.73×	3.03×	2.73×	3.28×	8.82×	13.17×	20.72×
P/S	15.64×	10.06×	2.85×	2.63×	3.31×	4.32×	6.15×	7.14×
EV / EBITDA	43.22×	42.61×	21.46×	12.56×	15.85×	19.81×	34.88×	41.4×
Gross margin	46.3%	45.2%	36.6%	46.3%	37.4%	35.8%	32.4%	30.9%
Operating margin	33.2%	36.9%	15.7%	18.0%	18.4%	22.4%	16.0%	17.6%
Net margin	26.6%	15.8%	6.0%	13.5%	13.9%	15.9%	11.5%	9.8%
Current ratio	3.82×	3.91×	1.74×	2.89×	3.32×	1.3×	1.28×	1.18×
Debt / equity	0.02×	0.01×	0.32×	0.01×	0×	0.82×	0.53×	0.66×
Interest coverage	135.98×	59.67×	18.93×	46.02×	15.73×	13.81×	6.9×	8.9×
Dividend yield	0.1%	0.1%	0.5%	0.7%	0.0%	0.0%	0.0%	0.0%
Payout ratio	3.4%	7.7%	25.6%	13.1%	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	21.5%	12.1%	6.3%	14.0%	13.8%	32.3%	24.6%	28.3%
Return on invested capital	18.4%	20.3%	7.3%	13.8%	14.1%	18.5%	17.2%	20.0%
Return on assets	18.0%	10.2%	3.9%	10.9%	10.9%	13.1%	11.8%	10.9%
Free cash flow yield	-0.1%	-0.8%	-7.6%	-1.9%	-2.5%	-5.4%	0.4%	-0.4%
Earnings yield	1.7%	1.6%	2.1%	5.1%	4.2%	3.7%	1.9%	1.4%
Enterprise value	₹207.6B	₹98.9B	₹22.3B	₹15.9B	₹17B	₹16.1B	₹15.3B	₹17.6B
Net debt / EBITDA	-0.39×	-1.02×	1.8×	-0.21×	-0.09×	1.65×	1.27×	1.26×
Cash conversion cycle (days)	139	122	20	114	116	100	88	51