Adinath Textiles Limited (ADINATH.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

-97.2%

₹0.59

vs ₹21.05 price

Levered DCF

₹0.23

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

D+

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	270.71×	186.08×	39.91×	29.76×	86.58×	60.79×	-285.7×	-42.64×
P/B	4.03×	5.85×	6.59×	8.06×	11.04×	12.61×	16.06×	15.32×
P/S	0×	0×	0×	0×	0×	0×	0×	25.64×
EV / EBITDA	156.53×	97.81×	25.57×	25.67×	43.55×	40.23×	95.07×	-55.11×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	37.4%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-225.9%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-60.1%
Current ratio	1.07×	1.03×	1.58×	1.22×	0.75×	0.65×	0.88×	0.64×
Debt / equity	0×	0×	0×	0×	0.26×	0.3×	0.5×	0.47×
Interest coverage	-724.67×	-729.06×	-30.03×	-1,000.89×	-934.83×	-910.14×	-1,111.86×	-29.4×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	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	1.5%	3.0%	16.5%	27.0%	12.8%	20.9%	-5.6%	-35.9%
Return on invested capital	-39.7%	-28.3%	-29.1%	-28.3%	-20.6%	-20.4%	-33.9%	-62.2%
Return on assets	1.1%	2.2%	11.4%	17.6%	6.5%	9.5%	-2.1%	-13.5%
Free cash flow yield	0.0%	-6.7%	-7.8%	-5.3%	-6.7%	-5.0%	-6.5%	-6.9%
Earnings yield	0.4%	0.5%	2.5%	3.3%	1.2%	1.7%	-0.4%	-2.3%
Enterprise value	₹120.4M	₹171.9M	₹188.4M	₹193.2M	₹192.9M	₹193.7M	₹191.6M	₹195.4M
Net debt / EBITDA	-1.88×	-1.31×	-0.27×	-0.2×	-0.4×	-0.21×	-1.51×	-0.2×
Cash conversion cycle (days)	0	71	62	56	-60	-107	-67	137