Anmol India Limited (ANMOL.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

+360.2%

₹49.70

vs ₹10.80 price

Levered DCF

-₹99.67

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 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	4.28×	12.43×	12.47×	10.99×	14.68×	19.55×	43.15×	54.41×
P/B	0.41×	0.81×	2.59×	2.59×	3.78×	4.92×	6.56×	7.74×
P/S	0.03×	0.07×	0.17×	0.15×	0.22×	0.28×	0.35×	0.36×
EV / EBITDA	4.09×	6.58×	5.73×	10.22×	10.47×	11.22×	20.58×	25.76×
Gross margin	1.5%	1.5%	2.2%	2.2%	2.4%	2.2%	1.7%	1.3%
Operating margin	1.3%	1.2%	1.9%	2.0%	2.1%	1.6%	1.1%	0.9%
Net margin	0.8%	0.5%	1.4%	1.3%	1.5%	1.4%	0.8%	0.7%
Current ratio	1.84×	1.68×	1.97×	1.33×	1.49×	1.69×	1.37×	1.47×
Debt / equity	1.66×	2.04×	0.85×	3.74×	2.96×	1.19×	1.25×	0.53×
Interest coverage	1.42×	0.98×	2.19×	2.54×	3.46×	4.11×	2.47×	2.48×
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	9.5%	6.5%	21.1%	23.6%	25.8%	25.2%	15.2%	14.3%
Return on invested capital	4.3%	3.4%	11.5%	5.5%	7.0%	9.3%	6.9%	9.3%
Return on assets	3.3%	1.9%	7.5%	4.0%	5.2%	6.9%	3.1%	3.4%
Free cash flow yield	4.4%	-139.6%	81.3%	-21.6%	-28.1%	-3.0%	3.2%	-0.7%
Earnings yield	23.4%	8.0%	8.1%	9.1%	6.8%	5.1%	2.3%	1.8%
Enterprise value	₹1.2B	₹1.7B	₹2B	₹3.3B	₹2.9B	₹1.8B	₹1.8B	₹1.8B
Net debt / EBITDA	2.42×	3.19×	-1.9×	3.83×	2.18×	-0.8×	-2.13×	-1.58×
Cash conversion cycle (days)	40	48	12	68	49	19	54	11