BirlaNu Limited (BIRLANU.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

+67.8%

₹2,013.94

vs ₹1,200.00 price

Levered DCF

-₹859.22

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-7.58×	-41.87×	58.49×	18.6×	14.17×	8.79×	4.45×	13.62×
P/B	0.82×	1.14×	1.62×	1.45×	2.56×	2.29×	0.63×	2.17×
P/S	0.24×	0.38×	0.61×	0.52×	0.85×	0.75×	0.19×	0.64×
EV / EBITDA	19×	13.41×	14×	8.78×	7.62×	6.04×	4.35×	7.93×
Gross margin	22.8%	39.6%	41.3%	38.8%	42.6%	46.6%	46.5%	47.2%
Operating margin	-3.8%	-1.9%	0.7%	25.3%	7.6%	10.4%	5.9%	7.9%
Net margin	-3.2%	-0.9%	1.0%	2.8%	6.0%	8.6%	4.2%	4.7%
Current ratio	0.86×	0.97×	1.41×	1.36×	1.36×	1.28×	1.17×	1.21×
Debt / equity	1×	0.79×	0.62×	0.35×	0.27×	0.43×	1.02×	1.05×
Interest coverage	-2.08×	-1×	0.66×	44.74×	21.21×	11.38×	3.89×	6.8×
Dividend yield	2.5%	1.2%	1.5%	2.7%	1.1%	0.8%	3.6%	1.4%
Payout ratio	-18.9%	-51.7%	86.9%	50.3%	16.0%	7.2%	16.0%	18.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-10.8%	-2.7%	2.8%	7.8%	18.0%	26.1%	14.3%	15.9%
Return on invested capital	-6.0%	-2.3%	1.1%	40.2%	11.8%	14.8%	7.1%	7.1%
Return on assets	-3.9%	-1.1%	1.3%	4.1%	9.5%	12.3%	4.9%	5.1%
Free cash flow yield	-2.7%	-3.0%	2.9%	-0.0%	2.5%	15.7%	2.7%	4.2%
Earnings yield	-13.2%	-2.4%	1.7%	5.4%	7.1%	11.4%	22.5%	7.3%
Enterprise value	₹19.7B	₹22.6B	₹26.8B	₹21.8B	₹32.3B	₹25.9B	₹11.4B	₹19.9B
Net debt / EBITDA	10.26×	5.24×	3.36×	1.49×	0.59×	0.71×	2.56×	2.41×
Cash conversion cycle (days)	51	68	80	91	80	58	93	85