Billwin Industries Limited (BILLWIN.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

-228.8%

-₹65.77

vs ₹51.06 price

Levered DCF

-₹17.05

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.69

Safe zone

Rating

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	24.46×	15.85×	10.07×	7.63×	18.56×	67.57×	13.93×	2.98×
P/B	0.78×	0.76×	1.21×	0.99×	0.82×	0.78×	0.69×	1.57×
P/S	1.41×	1.53×	1.59×	1.17×	0.93×	1.3×	1.71×	0.5×
EV / EBITDA	14.9×	9.97×	8.69×	7.22×	12.85×	18.85×	25.95×	2.14×
Gross margin	32.5%	31.6%	38.7%	41.8%	28.4%	43.1%	39.8%	41.4%
Operating margin	10.1%	16.1%	32.2%	32.2%	17.9%	20.1%	23.8%	23.2%
Net margin	5.8%	9.7%	15.8%	15.4%	5.0%	1.9%	12.3%	16.6%
Current ratio	4.49×	7.32×	2.51×	2.59×	2.41×	2.78×	2.33×	2.16×
Debt / equity	0.11×	0.02×	0.68×	0.8×	0.85×	0.92×	1.37×	0.04×
Interest coverage	5.52×	9.36×	4.75×	4.13×	2.53×	1.85×	13.49×	0×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.2%	4.8%	12.0%	13.0%	4.4%	1.2%	5.0%	52.7%
Return on invested capital	3.5%	5.5%	11.0%	11.2%	6.3%	4.7%	3.0%	50.9%
Return on assets	2.5%	4.2%	6.0%	6.2%	2.1%	0.5%	1.8%	29.9%
Free cash flow yield	-9.8%	-24.6%	8.0%	-2.0%	30.8%	-43.0%	-208.9%	35.1%
Earnings yield	4.1%	6.3%	9.9%	13.1%	5.4%	1.5%	7.2%	33.6%
Enterprise value	₹129.7M	₹110.1M	₹122.4M	₹101.6M	₹83.1M	₹80.9M	₹59.6M	₹3M
Net debt / EBITDA	1.76×	0.24×	3.1×	3.2×	6.55×	10.19×	17.28×	0.02×
Cash conversion cycle (days)	859	881	942	964	831	1,362	2,131	187