B & A Packaging India Limited (BAPACK.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

-93.0%

₹13.97

vs ₹200.00 price

Levered DCF

-₹44.59

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

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	11.73×	13.1×	9.2×	10.88×	10.55×	1.83×	0.31×	0.27×
P/B	0.93×	1.56×	1.43×	1.45×	1.73×	0.41×	0.07×	0.05×
P/S	0.58×	0.98×	0.82×	0.7×	0.75×	0.2×	0.03×	0.02×
EV / EBITDA	7.72×	7.79×	6.29×	5.97×	6.62×	1.6×	0.66×	1.27×
Gross margin	36.0%	38.0%	31.8%	28.2%	33.1%	35.3%	34.5%	31.5%
Operating margin	6.9%	25.8%	11.9%	11.1%	23.3%	17.4%	14.3%	24.2%
Net margin	5.0%	7.5%	8.9%	6.5%	7.1%	10.7%	9.9%	6.7%
Current ratio	2.71×	3.91×	4.34×	2.61×	2.52×	2.37×	2.54×	1.65×
Debt / equity	0.21×	0.02×	0.04×	0.17×	0.23×	0.28×	0.18×	0.43×
Interest coverage	14.06×	73.04×	19.64×	10.22×	34.8×	20.93×	10.26×	11.15×
Dividend yield	0.6%	0.8%	0.7%	0.8%	0.0%	0.0%	10.6%	19.1%
Payout ratio	7.0%	10.1%	6.5%	8.8%	0.0%	0.0%	3.3%	5.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.9%	11.9%	15.5%	13.3%	16.4%	22.6%	20.9%	16.7%
Return on invested capital	6.3%	27.7%	15.0%	11.5%	27.3%	17.9%	18.7%	26.3%
Return on assets	5.3%	9.4%	12.4%	8.9%	10.6%	13.9%	13.5%	8.1%
Free cash flow yield	-28.0%	-0.5%	15.9%	4.2%	0.1%	-14.5%	324.2%	75.3%
Earnings yield	8.5%	7.6%	10.9%	9.2%	9.5%	54.8%	320.8%	369.3%
Enterprise value	₹984M	₹1.2B	₹1.1B	₹997.1M	₹1.1B	₹290.4M	₹77.7M	₹129.8M
Net debt / EBITDA	1.22×	-0.25×	0.1×	0.48×	0.71×	0.54×	0.46×	1.15×
Cash conversion cycle (days)	171	167	140	157	136	174	159	127