Alfred Herbert (India) Limited (ALFREDHE.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

+74.4%

₹4,491.11

vs ₹2,575.10 price

Levered DCF

-₹10,076.42

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 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	0.41×	24.38×	174.86×	26.35×	30.96×	-194.72×	43.81×	21.87×
P/B	0.32×	1.26×	0.98×	0.51×	0.51×	0.45×	0.51×	0.64×
P/S	7.01×	109.19×	1,522.27×	178.81×	17.58×	9.52×	3.64×	4.27×
EV / EBITDA	0.35×	19.56×	163.18×	24.79×	25.53×	139.77×	22.57×	17.46×
Gross margin	93.8%	53.8%	38.1%	26.4%	9.5%	5.9%	11.9%	34.0%
Operating margin	82.1%	698.9%	657.5%	-228.5%	-23.2%	-56.1%	-2.8%	7.5%
Net margin	1727.0%	447.8%	870.6%	678.7%	56.8%	-4.9%	8.3%	19.5%
Current ratio	1,901.49×	30.53×	317.63×	148.2×	47.64×	15.85×	8.21×	2×
Debt / equity	0×	0×	0×	0×	0×	0×	0.03×	0.01×
Interest coverage	27,070.25×	9,905.9×	13.77×	-23.23×	-12.77×	-14.51×	-1.84×	5.68×
Dividend yield	0.2%	0.2%	0.2%	0.4%	0.4%	0.6%	0.5%	0.4%
Payout ratio	0.1%	4.9%	40.0%	11.3%	12.2%	-122.0%	21.1%	8.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	79.4%	5.2%	0.6%	1.9%	1.6%	-0.2%	1.2%	2.9%
Return on invested capital	3.2%	6.8%	0.4%	-0.6%	-0.6%	-1.7%	-0.3%	0.9%
Return on assets	77.6%	4.9%	0.5%	1.8%	1.5%	-0.2%	1.0%	2.4%
Free cash flow yield	-35.2%	-2.6%	-2.1%	-7.8%	-6.5%	-9.0%	-11.3%	0.2%
Earnings yield	246.3%	4.1%	0.6%	3.8%	3.2%	-0.5%	2.3%	4.6%
Enterprise value	₹1.8B	₹1.5B	₹1.2B	₹540.3M	₹542.1M	₹435M	₹368.2M	₹520.5M
Net debt / EBITDA	-0×	-0.01×	-0.13×	0.02×	0.1×	1.24×	-2.02×	0.12×
Cash conversion cycle (days)	-6	67	89	-365	-49	3	69	127