AYM Syntex Limited (AYMSYNTEX.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

-90.4%

₹26.20

vs ₹273.25 price

Levered DCF

₹2.13

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.26

Safe zone

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	161.66×	105.76×	236.5×	42.96×	11.08×	16.47×	4.35×	28.68×
P/B	1.8×	2.14×	1.13×	0.73×	1.37×	0.65×	0.22×	0.56×
P/S	0.78×	0.83×	0.35×	0.21×	0.38×	0.25×	0.07×	0.17×
EV / EBITDA	12.02×	11.9×	8.91×	5.56×	5.11×	4.74×	4.12×	7.25×
Gross margin	33.5%	46.5%	34.9%	41.1%	35.2%	39.7%	38.1%	35.0%
Operating margin	2.3%	40.7%	2.3%	35.1%	7.5%	39.6%	4.9%	3.5%
Net margin	0.5%	0.8%	0.2%	0.5%	3.4%	1.5%	1.7%	0.6%
Current ratio	1.15×	1.3×	1.05×	1.22×	1.21×	1.14×	1.09×	1.02×
Debt / equity	0.32×	0.35×	0.76×	0.66×	0.71×	0.63×	0.76×	1.03×
Interest coverage	0.97×	14.15×	0.74×	13.9×	3.09×	10.82×	1.31×	1.52×
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	1.1%	2.0%	0.5%	1.7%	12.4%	3.9%	5.1%	1.9%
Return on invested capital	2.7%	46.2%	4.1%	47.8%	10.0%	50.5%	8.2%	5.6%
Return on assets	0.6%	1.1%	0.2%	0.8%	5.5%	1.7%	2.1%	0.7%
Free cash flow yield	-0.2%	2.8%	1.3%	13.1%	-2.7%	32.7%	73.2%	-11.2%
Earnings yield	0.6%	0.9%	0.4%	2.3%	9.0%	6.1%	23.0%	3.5%
Enterprise value	₹12.4B	₹14.1B	₹8B	₹5.7B	₹8.5B	₹4.5B	₹3.3B	₹4.8B
Net debt / EBITDA	1.77×	1.44×	3.54×	2.59×	1.72×	2.3×	3.19×	4.69×
Cash conversion cycle (days)	28	44	26	31	30	7	11	5