Asian Tea and Exports Ltd. (ASIANTNE.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

-419.3%

-₹29.02

vs ₹9.09 price

Levered DCF

-₹4.96

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.09

Grey zone

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	38.7×	50.83×	279.6×	16.46×	6.73×	4.86×	2.9×	8.47×
P/B	0.31×	0.35×	0.44×	0.39×	0.33×	0.43×	0.21×	0.3×
P/S	0.32×	0.46×	0.64×	0.7×	0.24×	0.15×	0.03×	0.07×
EV / EBITDA	17.46×	13.79×	19.5×	19.65×	12.5×	10.41×	4.1×	13.38×
Gross margin	3.6%	3.3%	4.2%	5.2%	6.8%	8.1%	13.9%	13.2%
Operating margin	0.3%	1.2%	-0.4%	-4.8%	4.1%	1.4%	3.2%	1.7%
Net margin	0.8%	0.9%	0.2%	4.2%	3.5%	3.1%	1.2%	0.8%
Current ratio	2.06×	1.92×	1.67×	1.94×	1.62×	1.41×	1.26×	1.25×
Debt / equity	0.2×	0.26×	0.4×	0.42×	0.63×	0.78×	0.81×	1.19×
Interest coverage	0.2×	0.31×	-0.08×	-0.58×	1×	0.48×	1.32×	1.34×
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	0.8%	0.7%	0.2%	2.4%	4.9%	8.9%	7.3%	3.6%
Return on invested capital	0.2%	0.6%	-0.1%	-1.9%	3.1%	2.0%	8.6%	2.4%
Return on assets	0.6%	0.5%	0.1%	1.6%	2.5%	4.5%	3.2%	1.4%
Free cash flow yield	38.6%	-17.5%	0.2%	10.0%	-46.4%	-16.7%	392.5%	-470.0%
Earnings yield	2.6%	2.0%	0.4%	6.1%	14.8%	20.6%	34.5%	11.8%
Enterprise value	₹361.7M	₹428.1M	₹505.4M	₹466.8M	₹537.1M	₹485.3M	₹381.9M	₹526.8M
Net debt / EBITDA	6.78×	5.8×	9.19×	9.81×	8×	6.58×	3.24×	10.66×
Cash conversion cycle (days)	159	255	280	246	199	40	12	82