Alliance Integrated Metaliks Limited (AIML.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

-63.5%

₹0.97

vs ₹2.67 price

Levered DCF

-₹5.35

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 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	-0.55×	-2.19×	10.14×	32.79×	-8.99×	-0.18×	-0.08×	-0.6×
P/B	-0.15×	-0.6×	-3.42×	-1.12×	-0.62×	-0.05×	-0.04×	-0.88×
P/S	0.69×	1.77×	9.65×	6.62×	2.81×	0.24×	0.16×	1.06×
EV / EBITDA	45.73×	18.53×	5.48×	7.56×	8.68×	356.1×	-42.25×	-6.65×
Gross margin	18.7%	98.2%	92.1%	-18.9%	-13.5%	-25.7%	-23.7%	-1.9%
Operating margin	-29.7%	-7.6%	-23.3%	-30.7%	-22.9%	-35.6%	-111.4%	-7.7%
Net margin	-126.4%	-80.9%	95.0%	20.0%	-31.1%	-135.5%	-219.5%	-178.6%
Current ratio	0.14×	0.14×	0.13×	0.14×	0.12×	0.1×	0.15×	0.3×
Debt / equity	-0.67×	-0.95×	-1.36×	-1.47×	-0.89×	-0.85×	-2.05×	-3.92×
Interest coverage	-0.31×	-0.1×	-0.22×	-0.23×	-0.31×	-0.35×	-0.77×	-0.1×
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	26.6%	27.6%	-33.6%	-3.4%	6.9%	29.7%	48.9%	147.1%
Return on invested capital	24.6%	-71.9%	-18.4%	-9.1%	315.6%	163.7%	-20.6%	-1.6%
Return on assets	-30.4%	-21.8%	18.6%	2.9%	-5.7%	-21.5%	-23.2%	-30.4%
Free cash flow yield	24.8%	4.6%	1.2%	-1.4%	0.3%	88.9%	157.7%	-0.5%
Earnings yield	-182.0%	-45.7%	9.8%	3.0%	-11.1%	-568.7%	-1330.8%	-167.9%
Enterprise value	₹2.9B	₹4B	₹9.1B	₹9B	₹5.3B	₹3B	₹4.9B	₹5.7B
Net debt / EBITDA	37.32×	11.25×	1.53×	4.28×	5.07×	335.3×	-41.5×	-5.42×
Cash conversion cycle (days)	101	-854	-37	154	116	124	334	367