Anjani Foods Limited (ANJANIFOODS.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

-85.6%

₹2.16

vs ₹15.00 price

Levered DCF

-₹19.36

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	108.42×	59.84×	65.27×	62.86×	370.25×	40.65×	9×	333.33×
P/B	2.24×	5.44×	6.08×	4.71×	4.85×	9.97×	0.46×	0.49×
P/S	0.58×	1.44×	1.7×	1.26×	1.68×	4.22×	0.16×	0.18×
EV / EBITDA	9.47×	21.49×	23.01×	19.6×	37.43×	30.73×	5.26×	8.18×
Gross margin	35.0%	34.2%	47.1%	47.1%	15.5%	52.9%	13.5%	46.7%
Operating margin	3.9%	4.1%	4.8%	3.9%	1.0%	4.3%	2.4%	-0.1%
Net margin	0.5%	2.4%	2.6%	2.0%	0.4%	10.3%	1.8%	0.1%
Current ratio	0.66×	0.52×	0.63×	0.76×	0.84×	1.18×	1.02×	1.2×
Debt / equity	0.64×	0.75×	0.62×	0.67×	0.71×	0.53×	0.43×	0.56×
Interest coverage	2.5×	3.21×	3.19×	2.7×	0.61×	2.93×	1.57×	-0.07×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.8%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	287.2%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.1%	9.0%	9.3%	7.5%	1.3%	24.4%	5.2%	0.1%
Return on invested capital	2.1%	5.5%	5.6%	4.4%	1.1%	4.9%	2.8%	-0.0%
Return on assets	0.9%	3.5%	3.6%	3.0%	0.5%	9.8%	1.8%	0.1%
Free cash flow yield	0.9%	-2.5%	0.3%	0.5%	-1.6%	-9.6%	23.0%	-44.0%
Earnings yield	0.9%	1.7%	1.5%	1.6%	0.3%	2.5%	11.3%	0.3%
Enterprise value	₹464.8M	₹975M	₹962M	₹699.5M	₹669.9M	₹1.3B	₹77.5M	₹85.3M
Net debt / EBITDA	2.03×	2.51×	2.07×	2.37×	4.59×	1.41×	2.36×	4.16×
Cash conversion cycle (days)	6	-2	-2	28	29	3	10	25