Birla Corporation Limited (BIRLACORPN.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

+255.1%

₹2,834.11

vs ₹798.05 price

Levered DCF

₹2,484.22

After debt service

Piotroski score

6 / 9

Average

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	11.52×	28.54×	27.09×	169.24×	22.84×	11.61×	6.33×	16.04×
P/B	0.87×	1.2×	1.71×	1.15×	1.51×	1.33×	0.67×	0.91×
P/S	0.67×	0.91×	1.18×	0.79×	1.22×	1.08×	0.46×	0.63×
EV / EBITDA	6.83×	9.64×	10.5×	14.15×	12.01×	8.36×	5.51×	8.33×
Gross margin	51.5%	82.8%	81.6%	85.3%	83.9%	83.6%	84.9%	84.1%
Operating margin	9.2%	75.7%	74.9%	78.3%	76.7%	76.8%	77.8%	77.3%
Net margin	5.8%	3.2%	4.4%	0.5%	5.3%	9.3%	7.3%	3.9%
Current ratio	1.26×	1.09×	1.18×	1.29×	1.34×	1.32×	1.28×	1.4×
Debt / equity	0.46×	0.5×	0.58×	0.75×	0.72×	0.76×	0.89×	0.9×
Interest coverage	3.35×	21.34×	19.53×	20.06×	28.64×	17.39×	14.44×	14.47×
Dividend yield	1.2%	0.9%	0.2%	1.1%	0.8%	1.7%	1.8%	1.2%
Payout ratio	13.8%	26.1%	4.6%	190.1%	19.3%	20.2%	11.4%	19.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.6%	4.2%	6.3%	0.7%	6.6%	11.5%	10.5%	5.7%
Return on invested capital	5.1%	44.1%	41.9%	52.1%	35.0%	40.7%	37.3%	40.9%
Return on assets	3.8%	2.1%	2.9%	0.3%	2.9%	4.9%	4.1%	2.3%
Free cash flow yield	4.2%	14.5%	9.6%	2.5%	2.8%	7.2%	11.0%	15.7%
Earnings yield	8.7%	3.5%	3.7%	0.6%	4.4%	8.6%	15.8%	6.2%
Enterprise value	₹96.9B	₹117.9B	₹151.4B	₹111.1B	₹133.5B	₹113.7B	₹74.4B	₹80.6B
Net debt / EBITDA	2.3×	2.75×	2.6×	5.42×	3.82×	2.98×	3.15×	4.09×
Cash conversion cycle (days)	28	35	97	132	116	178	106	94