Bazel International Limited (BAZELINTER.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

-763.3%

-₹134.32

vs ₹20.25 price

Levered DCF

-₹649.18

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	8.49×	7.1×	11.76×	-2.55×	6.5×	-2.4×	2.44×	-26.48×
P/B	0.09×	0.13×	0.1×	0.07×	0.13×	0.06×	0.06×	0.06×
P/S	1.24×	2.14×	1.75×	1.46×	1.67×	0.98×	1.05×	1.05×
EV / EBITDA	12.72×	26.04×	20.63×	-9.69×	4.89×	-62.17×	0.74×	2.72×
Gross margin	80.6%	80.2%	-552.9%	0.7%	72.6%	72.6%	97.9%	67.1%
Operating margin	25.1%	68.5%	-597.3%	-28.0%	55.8%	-6.5%	123.6%	47.7%
Net margin	14.6%	31.6%	14.8%	-57.0%	25.6%	-41.0%	85.7%	-4.1%
Current ratio	0×	95.19×	30.56×	322.77×	78.86×	54.52×	81.74×	451.73×
Debt / equity	0.19×	0.4×	0.2×	0.18×	0.14×	0.18×	0×	0.02×
Interest coverage	0×	412.92×	-210.27×	-29.55×	3,898.28×	0×	11,577.86×	5.27×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.1%	2.0%	0.8%	-2.6%	2.0%	-2.4%	4.6%	-0.2%
Return on invested capital	0.5%	1.8%	-20.2%	-1.1%	2.6%	-0.3%	4.5%	2.6%
Return on assets	0.8%	1.3%	0.6%	-2.2%	1.7%	-1.9%	4.5%	-0.2%
Free cash flow yield	-31.4%	-138.2%	-365.4%	2.3%	56.4%	-351.2%	8.4%	-235.3%
Earnings yield	11.8%	14.7%	8.5%	-39.0%	15.4%	-41.8%	82.0%	-3.9%
Enterprise value	₹175M	₹268.9M	₹126.2M	₹98.1M	₹31.5M	₹33.2M	₹7.1M	₹10.1M
Net debt / EBITDA	8.29×	19.39×	13.78×	-6.83×	1.9×	-47.01×	-0.11×	0.54×
Cash conversion cycle (days)	179	6,569	7,555	-27	-160	-484	-4,028	-15