Alkali Metals Limited (ALKALI.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

-29.9%

₹56.06

vs ₹80.00 price

Levered DCF

₹79.19

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.25

Grey zone

Rating

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	86.56×	-14.42×	97.75×	31.99×	23.19×	-41.97×	20.41×	25.66×
P/B	1.08×	1.88×	2.15×	1.76×	1.55×	1.03×	0.51×	0.83×
P/S	0.52×	1.02×	1.33×	1.06×	0.89×	0.92×	0.36×	0.62×
EV / EBITDA	7.95×	-68.17×	15.31×	10.85×	8.42×	12.03×	6.25×	7.97×
Gross margin	18.8%	39.8%	15.8%	17.8%	55.8%	58.5%	49.9%	45.6%
Operating margin	5.2%	-5.9%	5.1%	6.3%	8.3%	5.2%	4.8%	5.8%
Net margin	0.6%	-7.0%	1.4%	3.3%	3.8%	-2.2%	1.8%	2.4%
Current ratio	1.13×	1.02×	1.15×	1.14×	1.23×	1.22×	1.12×	1.11×
Debt / equity	0.41×	0.4×	0.44×	0.45×	0.34×	0.44×	0.4×	0.35×
Interest coverage	2.27×	-2.04×	1.65×	2.09×	2.92×	1.13×	1.37×	1.51×
Dividend yield	1.1%	1.2%	1.8%	2.2%	1.1%	0.0%	10.6%	2.8%
Payout ratio	91.5%	-17.6%	180.4%	69.9%	25.0%	0.0%	215.2%	72.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.2%	-13.0%	2.2%	5.5%	6.7%	-2.4%	2.5%	3.3%
Return on invested capital	1.2%	-5.4%	3.8%	5.3%	6.7%	-20.0%	4.5%	5.7%
Return on assets	0.6%	-6.2%	1.0%	2.8%	3.5%	-1.2%	1.4%	1.9%
Free cash flow yield	1.4%	4.9%	4.1%	8.6%	10.3%	-4.5%	22.0%	9.2%
Earnings yield	1.2%	-6.9%	1.0%	3.1%	4.3%	-2.4%	4.9%	3.9%
Enterprise value	₹662.5M	₹1B	₹1.3B	₹1.2B	₹966.3M	₹723M	₹429.3M	₹615M
Net debt / EBITDA	2.17×	-12.01×	2.62×	2.13×	1.38×	3.57×	2.53×	2.35×
Cash conversion cycle (days)	89	118	125	106	103	236	138	120