Bemco Hydraulics Limited (BEMHY.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

-80.6%

₹17.80

vs ₹92.00 price

Levered DCF

₹24.64

After debt service

Piotroski score

3 / 9

Weak

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	17.7×	27.66×	26.65×	22.47×	9.08×	13.11×	-185.48×	19.04×
P/B	3.11×	4.95×	3.85×	1.85×	1.21×	1.38×	0.6×	0.59×
P/S	2.71×	3.47×	2.51×	1.81×	0.8×	0.8×	0.62×	0.41×
EV / EBITDA	11.34×	16.9×	17.16×	15.22×	5.53×	6.09×	11.79×	6.36×
Gross margin	37.3%	50.2%	21.7%	55.8%	23.6%	41.8%	62.2%	20.5%
Operating margin	22.0%	18.8%	15.3%	12.8%	16.6%	14.8%	10.3%	27.7%
Net margin	15.3%	12.5%	9.4%	8.0%	8.8%	6.1%	-0.3%	2.1%
Current ratio	1.59×	1.32×	1.21×	1.42×	1.3×	1.17×	1.02×	1.01×
Debt / equity	0.21×	0.27×	0.4×	0.24×	0.3×	0.39×	0.5×	0.5×
Interest coverage	9.58×	8.66×	7.19×	3.42×	4.13×	3.73×	1.27×	4.41×
Dividend yield	0.2%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	2.9%	3.5%	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	17.6%	17.9%	14.4%	8.3%	13.4%	10.6%	-0.3%	3.1%
Return on invested capital	14.3%	14.3%	9.8%	7.4%	12.0%	8.9%	-1.0%	12.4%
Return on assets	10.1%	9.3%	6.6%	4.1%	6.4%	4.7%	-0.1%	1.3%
Free cash flow yield	4.8%	3.5%	3.2%	-8.3%	21.1%	23.1%	-13.9%	27.4%
Earnings yield	5.6%	3.6%	3.7%	4.5%	11.0%	7.6%	-0.5%	5.1%
Enterprise value	₹2.8B	₹3.6B	₹2.3B	₹983.9M	₹566.1M	₹631.9M	₹362.3M	₹368.2M
Net debt / EBITDA	0.51×	0.6×	1.45×	1.69×	0.41×	1.12×	5.24×	2.91×
Cash conversion cycle (days)	140	170	196	387	98	133	547	161