BMW Industries Ltd (BMW.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

-91.9%

₹3.91

vs ₹48.23 price

Levered DCF

-₹8.07

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 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	7.44×	14.47×	20.92×	14.74×	17.29×	-4.1×	11.29×	15.08×
P/B	0.75×	1.49×	2.01×	1.33×	1.08×	1.39×	0.36×	0.95×
P/S	0.91×	1.74×	2.49×	1.43×	1.33×	1.81×	0.4×	0.76×
EV / EBITDA	5.34×	8.11×	9.63×	7.58×	7.33×	-7.51×	4.51×	5.93×
Gross margin	45.4%	64.4%	57.6%	29.7%	27.2%	25.7%	22.6%	21.6%
Operating margin	17.0%	16.4%	21.1%	16.1%	12.7%	11.0%	10.7%	12.0%
Net margin	12.2%	11.9%	11.9%	9.7%	7.7%	-44.2%	3.6%	5.0%
Current ratio	1.6×	2.27×	2.05×	1.72×	1.59×	1.3×	1.51×	1.55×
Debt / equity	0.46×	0.25×	0.19×	0.43×	0.5×	0.54×	0.46×	0.56×
Interest coverage	5.98×	7.76×	5.7×	3.79×	2.43×	1.49×	1.44×	1.77×
Dividend yield	1.6%	0.4%	0.4%	0.6%	0.0%	0.0%	0.0%	0.1%
Payout ratio	11.9%	6.2%	7.8%	8.9%	0.0%	0.0%	0.6%	1.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.1%	10.3%	9.6%	9.0%	6.2%	-33.8%	3.2%	6.3%
Return on invested capital	6.8%	7.9%	9.9%	7.2%	4.9%	4.3%	4.1%	5.8%
Return on assets	6.3%	7.4%	7.2%	5.7%	3.8%	-19.5%	1.9%	3.5%
Free cash flow yield	-35.9%	0.4%	9.7%	5.4%	2.9%	4.9%	31.1%	8.9%
Earnings yield	13.4%	6.9%	4.8%	6.8%	5.8%	-24.4%	8.9%	6.6%
Enterprise value	₹9.6B	₹12.7B	₹14.5B	₹10.5B	₹8.7B	₹10B	₹5.6B	₹9.9B
Net debt / EBITDA	1.98×	1.15×	0.79×	1.79×	2.3×	-2.09×	2.53×	2.19×
Cash conversion cycle (days)	132	80	179	243	288	259	302	259