Arrowhead Seperation Engineeri (ARROWHEAD.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

-1818.1%

-₹1,271.20

vs ₹73.99 price

Levered DCF

-₹703.05

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.28

Grey zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	78.65×	33.33×	10.33×	28.05×	312.14×	-16.02×	910.42×
P/B	0.78×	0.83×	1.3×	11.66×	37.14×	42.15×	9.39×
P/S	0.56×	0.68×	0.85×	1.33×	2.64×	3.15×	1.59×
EV / EBITDA	20.43×	14.09×	5.49×	10.99×	34.86×	-66.09×	38.72×
Gross margin	25.7%	30.5%	37.0%	38.1%	48.4%	32.1%	33.8%
Operating margin	3.1%	7.3%	22.5%	21.4%	16.9%	-6.0%	4.3%
Net margin	0.7%	2.0%	8.2%	7.9%	0.8%	-19.6%	0.2%
Current ratio	2.74×	2.63×	3.83×	1.27×	1.16×	1.17×	1.63×
Debt / equity	0.32×	0.32×	0.11×	3.3×	9.05×	8.82×	1.67×
Interest coverage	1.47×	3.51×	6.79×	3.46×	2.06×	-0.75×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.0%	2.5%	12.6%	68.8%	11.9%	-263.2%	1.0%
Return on invested capital	1.9%	3.4%	21.5%	34.2%	14.5%	-7.1%	7.2%
Return on assets	0.6%	1.4%	8.2%	8.2%	0.5%	-11.4%	0.2%
Free cash flow yield	-2.3%	-28.5%	-10.9%	2.0%	-3.4%	3.2%	0.0%
Earnings yield	1.3%	3.0%	9.7%	5.9%	0.3%	-6.2%	0.1%
Enterprise value	₹167.5M	₹175M	₹197.2M	₹360.1M	₹351.7M	₹333.5M	₹328.6M
Net debt / EBITDA	4.53×	3×	-0.37×	2.23×	6.42×	-9.22×	4.94×
Cash conversion cycle (days)	416	449	270	315	717	495	256