Aerpace Industries Limited (AERPACE.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

-106.3%

-₹2.94

vs ₹46.68 price

Levered DCF

-₹2.76

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

5.5

Safe zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-22.07×	-47.18×	-40.24×	344.72×	-381.98×	785.19×	298.59×	362.39×
P/B	8.91×	6.37×	4.43×	12.46×	12.93×	12.51×	12.71×	13.27×
P/S	0×	0×	0×	26.21×	0×	20.09×	2.97×	11.51×
EV / EBITDA	-28.02×	-50.37×	-47.08×	90.22×	846.04×	200.63×	-3,801,154.92×	1,399,206.24×
Gross margin	0.0%	0.0%	0.0%	100.0%	0.0%	0.2%	-0.1%	-1.3%
Operating margin	0.0%	0.0%	0.0%	75.2%	0.0%	-6.5%	-0.6%	-3.4%
Net margin	0.0%	0.0%	0.0%	7.6%	0.0%	2.5%	1.0%	3.2%
Current ratio	0.76×	0.57×	3.38×	5.44×	35.87×	2.08×	1.61×	2.75×
Debt / equity	1.05×	0.31×	0.08×	0.42×	0.02×	0×	0×	0×
Interest coverage	-13.7×	-18.76×	-15.21×	11.9×	0×	-2,866×	-222.48×	-296.96×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-40.4%	-13.5%	-10.9%	3.6%	-3.4%	1.6%	4.2%	3.7%
Return on invested capital	-19.7%	-11.4%	-11.4%	22.4%	-3.0%	-3.0%	-1.9%	-2.8%
Return on assets	-18.1%	-9.5%	-7.3%	2.4%	-3.3%	1.5%	1.6%	2.3%
Free cash flow yield	-5.5%	-7.1%	-8.4%	-0.7%	-7.1%	6.4%	0.9%	-6.0%
Earnings yield	-4.5%	-2.1%	-2.5%	0.3%	-0.3%	0.1%	0.3%	0.3%
Enterprise value	₹3.7B	₹3.2B	₹563.4M	₹459.8M	₹444.2M	₹443.2M	₹440.9M	₹444.9M
Net debt / EBITDA	-2.93×	-2.3×	-0.07×	2.84×	-2.13×	-0.97×	37,543.7×	-1,073.76×
Cash conversion cycle (days)	-463	-556	-929	180	0	7	-9	60