Amarjothi Spinning Mills Limited (AMARJOTHI.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

+56.3%

₹222.78

vs ₹142.50 price

Levered DCF

₹89.00

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.42

Grey zone

Rating

Overall 4 / 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	8.08×	8.88×	14.74×	11.79×	5.79×	4.31×	2.8×	3.94×
P/B	0.39×	0.52×	0.62×	0.69×	0.74×	0.46×	0.23×	0.48×
P/S	0.35×	0.44×	0.6×	0.58×	0.49×	0.38×	0.18×	0.28×
EV / EBITDA	4.12×	4.52×	6.26×	5.71×	5.94×	3.33×	3.54×	3.34×
Gross margin	26.7%	39.7%	28.7%	27.8%	24.7%	31.8%	16.3%	30.6%
Operating margin	9.6%	10.0%	10.4%	11.0%	10.3%	10.0%	12.4%	12.2%
Net margin	4.3%	4.9%	4.1%	4.9%	8.5%	8.8%	6.3%	7.1%
Current ratio	5.5×	6.38×	2.59×	2.86×	2.15×	2.08×	3.64×	1.73×
Debt / equity	0.28×	0.27×	0.34×	0.36×	0.58×	0.54×	0.93×	0.93×
Interest coverage	2.75×	2.94×	2.92×	3.11×	4.09×	1.48×	2.14×	1.83×
Dividend yield	1.9%	1.5%	1.2%	1.2%	1.1%	2.0%	5.3%	2.7%
Payout ratio	15.6%	13.1%	18.2%	14.4%	6.5%	8.6%	14.9%	10.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.8%	5.9%	4.2%	5.8%	12.8%	10.7%	8.1%	12.2%
Return on invested capital	4.9%	6.0%	4.3%	5.7%	9.4%	7.3%	5.4%	7.1%
Return on assets	3.1%	4.1%	2.6%	3.8%	7.3%	6.2%	3.6%	4.7%
Free cash flow yield	-1.9%	13.3%	4.8%	25.9%	-17.1%	77.6%	-4.1%	41.3%
Earnings yield	12.4%	11.3%	6.8%	8.5%	17.3%	23.2%	35.7%	25.4%
Enterprise value	₹1.3B	₹1.5B	₹1.8B	₹1.8B	₹2.2B	₹1.5B	₹1.5B	₹1.7B
Net debt / EBITDA	1.64×	1.46×	2.18×	1.9×	2.59×	1.78×	2.84×	2.19×
Cash conversion cycle (days)	285	265	236	185	159	216	155	38