Batliboi Limited (BATLIBOI.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

-155.9%

-₹49.15

vs ₹88.00 price

Levered DCF

-₹7.49

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	48.72×	35.73×	44.94×	16.06×	-29.76×	5.46×	-1.12×	3.49×
P/B	1.2×	2.16×	2.84×	1.24×	1.12×	0.34×	0.15×	0.33×
P/S	0.63×	1.18×	1×	0.67×	0.71×	0.3×	0.09×	0.18×
EV / EBITDA	16.12×	18.86×	21.56×	11.7×	20.94×	5.1×	-18.06×	9.42×
Gross margin	18.1%	18.3%	31.0%	16.5%	35.0%	40.1%	42.6%	43.5%
Operating margin	3.4%	4.2%	6.0%	5.5%	2.2%	0.6%	-6.3%	0.6%
Net margin	1.3%	3.3%	2.2%	4.2%	-2.4%	5.4%	-8.1%	5.2%
Current ratio	1.51×	1.64×	1.13×	1.1×	0.72×	0.73×	0.67×	0.76×
Debt / equity	0.37×	0.39×	0.63×	0.55×	0.59×	0.54×	0.63×	0.46×
Interest coverage	2.44×	3.01×	5.16×	2.66×	0.52×	0.1×	-1.36×	0.21×
Dividend yield	1.0%	0.4%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	50.9%	13.2%	2.4%	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	2.5%	6.0%	6.3%	7.8%	-3.7%	6.3%	-13.2%	9.4%
Return on invested capital	3.6%	3.8%	7.5%	5.7%	1.9%	0.4%	-5.1%	-15.4%
Return on assets	1.2%	3.1%	2.9%	3.7%	-1.6%	3.0%	-5.3%	4.2%
Free cash flow yield	1.3%	-7.5%	0.6%	-0.7%	11.9%	-6.0%	50.5%	-1.0%
Earnings yield	2.1%	2.8%	2.2%	6.2%	-3.4%	18.3%	-89.1%	28.7%
Enterprise value	₹3.3B	₹5.5B	₹4.9B	₹2.4B	₹2B	₹1.1B	₹848.7M	₹1.1B
Net debt / EBITDA	2.43×	2.09×	3.39×	3.43×	6.48×	3.03×	-14.27×	5.41×
Cash conversion cycle (days)	54	52	47	58	53	66	23	40