Arnold Holdings Ltd. (ARNOLD.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

-211.0%

-₹19.43

vs ₹17.50 price

Levered DCF

₹10.31

After debt service

Piotroski score

2 / 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	5.92×	13.84×	9.53×	17.71×	22.22×	102.17×	71.25×	447.67×
P/B	0.4×	1.22×	1.53×	1.14×	0.6×	1.31×	2.09×	2.46×
P/S	0.15×	0.37×	0.41×	0.41×	0.28×	1.89×	5.06×	7.75×
EV / EBITDA	13.61×	19.66×	6.58×	10.09×	8.84×	76.87×	48.93×	159.13×
Gross margin	45.9%	42.8%	51.6%	70.7%	61.2%	6.2%	2.2%	20.8%
Operating margin	3.8%	6.1%	8.9%	6.9%	6.7%	3.6%	10.1%	4.9%
Net margin	2.6%	2.7%	4.3%	2.3%	1.3%	1.9%	7.1%	1.7%
Current ratio	0.51×	12.39×	2.73×	-23.02×	8.35×	892.94×	2,684.84×	27.48×
Debt / equity	1.32×	1.4×	1.09×	1.23×	0.66×	0×	0.02×	0.16×
Interest coverage	0×	2.23×	3.48×	1.78×	1.32×	0×	21.62×	1.96×
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	6.8%	8.8%	16.1%	6.4%	2.7%	1.3%	2.9%	0.5%
Return on invested capital	2.9%	4.8%	19.4%	4.7%	5.9%	1.8%	3.0%	1.0%
Return on assets	2.6%	3.4%	6.3%	2.8%	1.4%	1.3%	2.8%	0.5%
Free cash flow yield	60.9%	-23.2%	25.9%	-13.3%	61.8%	-4.9%	0.1%	1.0%
Earnings yield	16.9%	7.2%	10.5%	5.6%	4.5%	1.0%	1.4%	0.2%
Enterprise value	₹993.3M	₹1.5B	₹1.4B	₹1.2B	₹700.3M	₹703.8M	₹1.1B	₹1.3B
Net debt / EBITDA	10.02×	9.86×	2.49×	4.51×	4.62×	-0.33×	-1.02×	2.74×
Cash conversion cycle (days)	60	214	11	125	278	150	182	242