Axita Cotton Limited (AXITA.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

-50.0%

₹3.60

vs ₹7.20 price

Levered DCF

₹2.84

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

14.45

Safe zone

Rating

A-

Overall 4 / 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	171.4×	303.33×	25.57×	58.92×	21.16×	84.64×	921.78×	578.26×
P/B	5.02×	5.24×	7.99×	19.26×	8.97×	14.91×	17.99×	14.82×
P/S	0.88×	0.5×	0.47×	1.86×	0.41×	0.53×	0.68×	1.24×
EV / EBITDA	331.64×	99.02×	18.43×	41.21×	14.56×	35.91×	83.8×	91.3×
Gross margin	3.2%	2.2%	2.8%	4.3%	-0.3%	10.8%	2.9%	3.1%
Operating margin	0.1%	-0.0%	2.3%	4.0%	1.1%	0.6%	-0.3%	3.9%
Net margin	0.5%	0.2%	1.8%	3.1%	1.9%	0.6%	0.1%	0.2%
Current ratio	3.38×	4.9×	3.1×	3.13×	1.45×	1.22×	1.32×	1.71×
Debt / equity	0.28×	0.03×	0.39×	0.12×	0.15×	0.64×	0.8×	0.87×
Interest coverage	0.21×	-0.01×	32.05×	41.86×	5.17×	1.1×	-0.44×	4.66×
Dividend yield	0.0%	0.8%	0.4%	0.1%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	237.9%	9.6%	5.8%	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	2.9%	1.7%	31.5%	32.5%	42.5%	17.1%	2.0%	2.6%
Return on invested capital	0.3%	-0.0%	21.3%	27.3%	18.2%	7.1%	-2.6%	16.8%
Return on assets	2.2%	1.4%	20.7%	21.1%	14.2%	3.5%	0.5%	1.2%
Free cash flow yield	-0.3%	12.8%	-2.6%	0.6%	2.6%	1.1%	1.8%	-4.3%
Earnings yield	0.6%	0.3%	3.9%	1.7%	4.7%	1.1%	0.1%	0.2%
Enterprise value	₹3.3B	₹3.2B	₹5.4B	₹10.1B	₹3.3B	₹3.3B	₹3.4B	₹2.8B
Net debt / EBITDA	2.13×	-2.69×	0.67×	-0.09×	0.09×	0.44×	2.85×	4.86×
Cash conversion cycle (days)	24	15	18	25	13	7	21	30