APT Packaging Ltd. (APTPACK.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

-154.5%

-₹37.35

vs ₹68.50 price

Levered DCF

-₹41.36

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

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	130.56×	86.38×	-9.67×	-23.53×	-5.55×	5.93×	68.84×	-60.41×
P/B	12.64×	-5.66×	-4.88×	-10.21×	-9.97×	12.67×	-4.13×	-3.9×
P/S	9.34×	1.94×	1.91×	1.92×	1.35×	0.94×	0.88×	0.58×
EV / EBITDA	66.03×	26.21×	-61.31×	22.95×	56×	4.91×	24.08×	9.9×
Gross margin	54.1%	60.2%	15.6%	43.9%	43.1%	35.0%	32.2%	40.8%
Operating margin	7.5%	2.1%	-21.2%	-0.3%	-11.3%	-2.1%	-2.1%	8.5%
Net margin	7.1%	2.2%	-19.7%	-8.2%	-24.3%	15.9%	1.3%	-1.0%
Current ratio	1.53×	0.34×	0.99×	0.5×	0.75×	1.08×	0.76×	0.73×
Debt / equity	0.39×	-5.02×	-4.29×	-7.72×	-12.51×	18.22×	-7.73×	-8.22×
Interest coverage	3.95×	0.42×	-3.72×	-0.02×	-0.78×	-0.16×	-0.14×	0.84×
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	9.7%	-6.6%	50.4%	43.3%	179.6%	213.7%	-5.9%	6.4%
Return on invested capital	7.2%	1.5%	-16.1%	-0.2%	-7.0%	-1.4%	12.9%	7.8%
Return on assets	6.1%	1.4%	-12.5%	-5.5%	-12.6%	9.6%	0.7%	-0.7%
Free cash flow yield	-1.3%	-5.1%	-5.3%	0.4%	11.8%	5.6%	1.1%	17.0%
Earnings yield	0.8%	1.2%	-10.3%	-4.2%	-18.0%	16.9%	1.4%	-1.6%
Enterprise value	₹2.2B	₹495.9M	₹458.6M	₹479.1M	₹348.9M	₹358.5M	₹445.7M	₹483M
Net debt / EBITDA	1.93×	12.27×	-28.68×	9.84×	30.99×	2.77×	15.66×	6.71×
Cash conversion cycle (days)	108	120	-28	90	67	88	128	45