Almondz Global Securities Limited (ALMONDZ.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

+316.9%

₹75.46

vs ₹18.10 price

Levered DCF

-₹3.45

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	6.87×	20.66×	8.54×	9.71×	14.36×	4.32×	8.72×	5.92×
P/B	0.71×	1.44×	1.33×	0.77×	1.46×	0.49×	0.27×	0.41×
P/S	1.09×	2.35×	2.6×	2.16×	4.1×	1.52×	0.7×	0.8×
EV / EBITDA	6.03×	14.16×	7.23×	7.69×	10.6×	3.61×	6.67×	5.74×
Gross margin	42.5%	72.9%	71.8%	66.3%	63.2%	21.8%	24.3%	33.4%
Operating margin	9.3%	7.7%	10.0%	10.7%	11.8%	11.4%	-1.9%	7.8%
Net margin	15.9%	11.7%	30.4%	21.1%	28.5%	35.3%	8.0%	9.0%
Current ratio	1.37×	2×	2.03×	2.64×	2.2×	3.15×	4.02×	3.09×
Debt / equity	0.18×	0.22×	0.11×	0.1×	0.13×	0.11×	0.15×	0.15×
Interest coverage	0×	5.07×	4.34×	3.81×	1.97×	3.73×	-0.5×	2.21×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.3%	7.2%	15.5%	7.5%	10.1%	11.3%	3.1%	4.6%
Return on invested capital	3.7%	3.2%	4.3%	3.0%	3.4%	2.9%	-0.6%	3.1%
Return on assets	7.2%	4.9%	10.7%	5.8%	7.4%	8.6%	2.4%	3.4%
Free cash flow yield	-3.2%	-4.0%	4.6%	-9.8%	1.8%	0.5%	36.8%	9.6%
Earnings yield	14.6%	5.0%	11.7%	9.8%	6.9%	23.2%	11.5%	11.2%
Enterprise value	₹2.3B	₹3.8B	₹3B	₹1.7B	₹2.7B	₹841.4M	₹429.4M	₹656.2M
Net debt / EBITDA	1.11×	1.16×	0.28×	0.22×	0.13×	0.2×	0.57×	0.75×
Cash conversion cycle (days)	80	-168	-400	349	248	360	307	337