Bhageria Industries Limited (BHAGERIA.NS) 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%

₹71.15

vs ₹366.55 price

Levered DCF

₹51.19

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.61

Safe zone

Rating

A-

Overall 4 / 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	12.17×	16.64×	34.9×	34.62×	13.77×	10.99×	5.02×	8.61×
P/B	0.94×	1.2×	1.27×	1.01×	1.92×	1.52×	0.82×	1.8×
P/S	0.64×	1.13×	1.35×	1.02×	1.63×	1.72×	0.8×	1.35×
EV / EBITDA	6.77×	8.44×	11.83×	9.3×	7.83×	6.51×	3.32×	4.87×
Gross margin	20.1%	40.8%	30.7%	29.6%	27.2%	35.6%	31.0%	32.4%
Operating margin	6.7%	36.8%	2.4%	4.1%	14.7%	19.4%	18.2%	22.5%
Net margin	5.3%	6.8%	3.9%	2.9%	11.8%	15.6%	16.0%	15.7%
Current ratio	2.19×	2.68×	2.74×	2.83×	2.51×	2.43×	2.15×	1.98×
Debt / equity	0.18×	0.08×	0.09×	0.08×	0.07×	0.07×	0.05×	0.07×
Interest coverage	17.14×	78.44×	6.47×	6.39×	47.72×	73.54×	44.52×	27.02×
Dividend yield	1.2%	0.6%	0.7%	3.4%	1.6%	1.9%	1.8%	4.0%
Payout ratio	14.2%	10.8%	22.9%	118.5%	21.7%	21.0%	9.0%	34.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.7%	7.2%	3.6%	2.9%	13.9%	13.9%	16.4%	20.9%
Return on invested capital	5.7%	24.2%	1.4%	2.5%	11.1%	11.5%	13.6%	17.1%
Return on assets	5.4%	5.5%	2.8%	2.3%	10.9%	10.9%	12.5%	15.3%
Free cash flow yield	-7.6%	3.7%	-0.6%	2.7%	1.8%	2.7%	-2.4%	17.6%
Earnings yield	8.2%	6.0%	2.9%	2.9%	7.3%	9.1%	19.9%	11.6%
Enterprise value	₹6.6B	₹6.9B	₹7.1B	₹5.4B	₹9.8B	₹7B	₹3.4B	₹6.3B
Net debt / EBITDA	1.05×	0.19×	0.69×	0.47×	0.1×	0.12×	0.12×	0.14×
Cash conversion cycle (days)	57	95	99	100	75	88	52	26