Archidply Decor Limited (ADL.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

-118.1%

-₹11.98

vs ₹66.00 price

Levered DCF

₹34.41

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

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	14,588.89×	786.8×	1,647.86×	45.65×	105.68×	-22.13×	-11.26×	-3.87×
P/B	0.57×	0.88×	0.93×	0.66×	0.52×	0.32×	0.25×	0.25×
P/S	0.63×	0.85×	1×	0.66×	0.62×	0.49×	0.32×	0.23×
EV / EBITDA	14.47×	15.9×	14.91×	13.04×	12.54×	12.76×	12.51×	76.3×
Gross margin	15.4%	27.3%	26.8%	14.9%	23.5%	26.6%	37.2%	30.9%
Operating margin	1.0%	2.1%	5.3%	16.4%	2.6%	-0.6%	3.1%	-1.7%
Net margin	0.0%	0.1%	0.1%	1.4%	0.6%	-2.2%	-2.8%	-5.9%
Current ratio	2.08×	2×	1.97×	2.13×	2.23×	1.93×	1.66×	1.5×
Debt / equity	0.37×	0.44×	0.43×	0.31×	0.34×	0.38×	0.43×	0.45×
Interest coverage	0.27×	0.49×	1.2×	5.08×	0.59×	-0.08×	0.44×	-0.41×
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	0.0%	0.1%	0.1%	1.4%	0.5%	-1.4%	-2.3%	-6.4%
Return on invested capital	-0.1%	0.7%	0.1%	8.2%	1.3%	-0.2%	1.7%	-1.2%
Return on assets	0.0%	0.1%	0.0%	1.0%	0.3%	-0.9%	-1.4%	-3.7%
Free cash flow yield	5.8%	3.0%	-5.2%	12.2%	4.9%	-13.3%	41.5%	-83.2%
Earnings yield	0.0%	0.1%	0.1%	2.2%	0.9%	-4.5%	-8.9%	-25.8%
Enterprise value	₹477.2M	₹664.8M	₹688.3M	₹485.4M	₹423.6M	₹336.9M	₹332M	₹350.8M
Net debt / EBITDA	5.62×	5.27×	4.7×	4.1×	4.88×	6.84×	7.72×	48.64×
Cash conversion cycle (days)	366	374	421	313	427	577	447	301