Bengal Tea & Fabrics Limited (BENGALT.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

-105.2%

-₹6.96

vs ₹133.00 price

Levered DCF

₹225.13

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 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	27.25×	1.54×	-36.27×	294.6×	3.35×	10.49×	-14.16×	-108.47×
P/B	0.63×	0.67×	1.11×	0.59×	0.53×	0.36×	0.2×	0.37×
P/S	2.33×	2.4×	3.04×	1.33×	1.11×	0.71×	0.17×	0.32×
EV / EBITDA	10.73×	12.68×	26.91×	25.68×	4.85×	5.02×	8.17×	10.94×
Gross margin	21.0%	16.2%	31.7%	62.2%	25.2%	65.0%	37.6%	33.9%
Operating margin	-0.8%	-4.1%	-52.4%	-3.5%	14.7%	17.3%	-0.8%	-0.9%
Net margin	8.5%	155.6%	-8.4%	0.4%	33.1%	6.7%	-1.2%	-0.3%
Current ratio	10.46×	11.99×	1.34×	3.91×	6.88×	1.83×	1.45×	1.61×
Debt / equity	0.05×	0.03×	0.06×	0.06×	0.01×	0.2×	0.22×	0.24×
Interest coverage	-0.74×	-5.92×	-57.44×	-4.07×	18.82×	16.48×	-0.35×	-0.4×
Dividend yield	1.1%	0.7%	0.7%	1.4%	1.5%	0.0%	0.0%	0.0%
Payout ratio	30.1%	1.1%	-26.8%	405.1%	4.9%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.3%	43.7%	-3.1%	0.2%	15.9%	3.4%	-1.4%	-0.3%
Return on invested capital	-0.1%	0.2%	18.8%	3.0%	7.0%	7.0%	-0.5%	-0.3%
Return on assets	2.0%	39.8%	-1.8%	0.2%	14.6%	2.5%	-1.0%	-0.2%
Free cash flow yield	-1.8%	-8.0%	61.3%	2.2%	3.9%	14.1%	-5.7%	2.0%
Earnings yield	3.7%	64.8%	-2.8%	0.3%	29.9%	9.5%	-7.1%	-0.9%
Enterprise value	₹1.3B	₹1.3B	₹1.3B	₹716.2M	₹481.5M	₹536.3M	₹387M	₹582.2M
Net debt / EBITDA	0.61×	0.44×	1.26×	1.9×	-1.32×	1.76×	4.16×	4.33×
Cash conversion cycle (days)	26	18	51	381	213	565	158	173