AMD Industries Limited (AMDIND.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

+128.8%

₹101.36

vs ₹44.30 price

Levered DCF

-₹13.46

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C+

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	-15.42×	90.35×	-69.77×	4.43×	10.71×	10.8×	3.91×	170.83×
P/B	0.44×	0.57×	0.75×	0.54×	0.63×	0.25×	0.16×	0.32×
P/S	0.24×	0.33×	0.42×	0.24×	0.42×	0.28×	0.12×	0.26×
EV / EBITDA	7.25×	6.44×	9.76×	3.76×	6.25×	4.41×	2.96×	5.66×
Gross margin	18.5%	35.2%	10.0%	15.9%	31.6%	11.9%	39.2%	37.8%
Operating margin	-0.2%	3.2%	3.1%	10.5%	8.8%	3.1%	8.0%	4.8%
Net margin	-1.5%	0.4%	-0.6%	5.5%	3.9%	2.6%	3.0%	0.2%
Current ratio	1.36×	1.48×	1.45×	1.36×	1.39×	1.22×	1.25×	1.2×
Debt / equity	0.51×	0.53×	0.67×	0.65×	0.62×	0.4×	0.37×	0.51×
Interest coverage	-0.07×	0.92×	0.75×	3.65×	2.29×	0.6×	2×	0.83×
Dividend yield	0.0%	0.0%	0.0%	1.7%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	7.5%	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	-2.8%	0.6%	-1.1%	12.2%	5.9%	2.4%	4.0%	0.2%
Return on invested capital	-0.2%	2.9%	2.7%	10.1%	6.2%	1.4%	6.7%	-2.3%
Return on assets	-1.3%	0.3%	-0.5%	5.4%	2.8%	1.3%	2.2%	0.1%
Free cash flow yield	14.3%	30.6%	8.8%	-4.7%	-25.3%	1.4%	90.5%	41.5%
Earnings yield	-6.5%	1.1%	-1.4%	22.6%	9.3%	9.3%	25.6%	0.6%
Enterprise value	₹1.3B	₹1.7B	₹2.2B	₹1.8B	₹1.7B	₹862.2M	₹680.5M	₹1B
Net debt / EBITDA	3.58×	3.07×	4.54×	1.99×	3.01×	2.69×	2.08×	3.49×
Cash conversion cycle (days)	118	135	171	139	185	191	142	148