The Andhra Petrochemicals Limited (ANDHRAPET.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

+80.6%

₹71.90

vs ₹39.81 price

Levered DCF

₹47.34

After debt service

Piotroski score

3 / 9

Weak

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	-16.51×	-23.83×	11.49×	20.43×	3.47×	6.86×	10.09×	6.81×
P/B	0.51×	0.83×	1.31×	0.82×	1.56×	1.73×	0.63×	2.1×
P/S	0.57×	0.86×	0.92×	0.61×	0.81×	0.93×	0.31×	0.71×
EV / EBITDA	30.32×	46.4×	7.37×	9.49×	2.69×	4.21×	6.22×	4.37×
Gross margin	-2.6%	11.0%	23.8%	20.3%	41.5%	36.5%	24.6%	15.8%
Operating margin	-7.7%	5.7%	8.9%	2.9%	30.8%	21.9%	4.7%	14.8%
Net margin	-3.4%	-3.6%	8.0%	3.0%	23.5%	13.5%	3.0%	10.5%
Current ratio	14.33×	11.8×	10.44×	12.72×	10.13×	4.95×	2.62×	3.49×
Debt / equity	0.16×	0.16×	0.15×	0.18×	0.17×	0.26×	0.38×	0.06×
Interest coverage	-3.92×	3.17×	8.07×	2.34×	34.73×	13.66×	14.42×	16.71×
Dividend yield	0.0%	3.9%	1.7%	3.1%	3.2%	0.0%	9.1%	0.0%
Payout ratio	0.0%	-93.7%	20.1%	62.5%	11.2%	0.0%	91.8%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-3.1%	-3.5%	11.4%	4.0%	45.0%	25.2%	6.2%	30.8%
Return on invested capital	-4.2%	3.7%	7.8%	2.3%	36.1%	19.4%	4.3%	29.4%
Return on assets	-2.5%	-2.8%	9.1%	3.2%	35.3%	17.1%	4.1%	26.8%
Free cash flow yield	4.0%	-13.9%	13.6%	0.4%	21.3%	23.6%	25.2%	16.4%
Earnings yield	-6.1%	-4.2%	8.7%	4.9%	28.9%	14.6%	9.9%	14.7%
Enterprise value	₹591.8M	₹2.2B	₹8.1B	₹5.1B	₹8.7B	₹5.9B	₹2.2B	₹4.9B
Net debt / EBITDA	-102.23×	-43.15×	0.72×	1.66×	0.26×	0.49×	2.29×	0.1×
Cash conversion cycle (days)	18	32	26	45	35	19	32	29