Aditya Spinners Limited (ADITYASP.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

-12.5%

₹11.60

vs ₹13.25 price

Levered DCF

₹16.97

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 2 / 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	73.63×	-21.45×	20.43×	13.68×	11.35×	-24.04×	1.48×	7.06×
P/B	0.52×	0.83×	0.77×	0.62×	1.32×	0.39×	0.3×	0.43×
P/S	0.37×	0.63×	0.62×	0.44×	0.6×	0.3×	0.15×	0.1×
EV / EBITDA	13.45×	28.45×	8.93×	6.66×	8.27×	9.71×	5.86×	6.04×
Gross margin	51.8%	51.2%	49.2%	50.9%	51.0%	55.6%	51.1%	44.8%
Operating margin	-0.6%	-1.9%	5.5%	7.9%	8.2%	3.8%	5.0%	4.1%
Net margin	0.5%	-3.0%	3.0%	3.2%	5.3%	-1.3%	9.9%	1.5%
Current ratio	0.74×	0.85×	0.86×	0.99×	0.96×	1×	1.02×	1.19×
Debt / equity	0.36×	0.31×	0.32×	0.43×	0.7×	0.79×	0.74×	1.23×
Interest coverage	-0.25×	-0.81×	2.17×	3.45×	3.16×	0.7×	1.45×	1.45×
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	0.7%	-3.9%	3.8%	4.5%	11.6%	-1.6%	20.6%	6.2%
Return on invested capital	0.2%	-1.5%	5.0%	4.4%	9.7%	2.1%	5.8%	7.3%
Return on assets	0.5%	-2.7%	2.6%	2.9%	6.1%	-0.8%	10.7%	2.4%
Free cash flow yield	6.5%	3.1%	21.1%	-0.4%	0.1%	20.2%	-10.6%	36.7%
Earnings yield	1.3%	-4.7%	4.9%	7.3%	8.8%	-4.2%	67.5%	14.3%
Enterprise value	₹396.4M	₹537.8M	₹537.1M	₹512.3M	₹591.4M	₹305.7M	₹283.7M	₹244.7M
Net debt / EBITDA	5.52×	7.79×	2.63×	2.73×	2.87×	6.52×	4.14×	4.47×
Cash conversion cycle (days)	79	82	71	52	62	135	63	59