Ahmedabad Steelcraft Limited (AHMDSTE.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

-5513.1%

-₹7,957.27

vs ₹147.00 price

Levered DCF

-₹9,917.88

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	9.36×	11.43×	-6.9×	-16.77×	-18.37×	-49.09×	-12.16×	8.88×
P/B	1.33×	1.33×	0.68×	0.44×	0.43×	0.43×	0.44×	0.42×
P/S	0.79×	0.7×	20.58×	5.02×	20.27×	5.98×	1.61×	1.11×
EV / EBITDA	6.99×	9.58×	-4.55×	-14.05×	-15.91×	-86.3×	-20.84×	7.34×
Gross margin	11.7%	8.4%	33.1%	16.3%	46.6%	11.3%	-0.3%	10.4%
Operating margin	11.3%	7.0%	-628.7%	-61.1%	-281.2%	-78.3%	-26.2%	-10.7%
Net margin	8.4%	6.2%	-298.5%	-29.9%	-110.3%	-12.2%	-13.2%	12.5%
Current ratio	2.51×	3.57×	16.59×	11.09×	15.75×	9.85×	10.42×	18.05×
Debt / equity	0.03×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	197.5×	3,175.76×	-244.46×	-169.96×	-59.32×	-65.04×	-88.23×	-30.95×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.9%	1.9%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-22.5%	16.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.2%	11.9%	-9.9%	-2.6%	-2.4%	-0.9%	-3.7%	4.7%
Return on invested capital	13.8%	11.5%	-18.4%	-5.4%	-5.9%	-3.8%	-7.1%	-4.0%
Return on assets	8.5%	8.6%	-9.7%	-2.5%	-2.3%	-0.9%	-3.5%	4.6%
Free cash flow yield	-14.8%	-63.9%	-2.7%	-17.3%	-9.5%	-5.4%	-43.2%	-22.7%
Earnings yield	10.7%	8.9%	-14.5%	-6.0%	-5.4%	-2.0%	-8.2%	11.3%
Enterprise value	₹1.8B	₹1.2B	₹125.2M	₹108.7M	₹108.6M	₹108.2M	₹108.5M	₹103.1M
Net debt / EBITDA	0.13×	-0.04×	1.18×	0.19×	0.25×	1.8×	0.35×	-0.53×
Cash conversion cycle (days)	193	185	151	410	1,301	371	121	80