Bodal Chemicals Limited (BODALCHEM.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

-212.3%

-₹198.69

vs ₹176.89 price

Levered DCF

-₹195.84

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 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	13.47×	41.96×	154.9×	19.04×	12.16×	26.27×	5.95×	11.01×
P/B	0.56×	0.7×	0.93×	0.67×	1.17×	1.12×	0.56×	1.9×
P/S	0.32×	0.45×	0.72×	0.46×	0.61×	0.9×	0.38×	1.13×
EV / EBITDA	8.57×	9.75×	15.2×	9.7×	8.34×	14.35×	4.71×	6.77×
Gross margin	35.0%	38.7%	12.0%	42.9%	26.7%	27.0%	27.3%	29.4%
Operating margin	4.9%	5.7%	3.0%	4.8%	8.9%	6.4%	8.9%	15.5%
Net margin	2.4%	1.1%	0.5%	2.4%	5.1%	3.4%	6.4%	10.2%
Current ratio	1.19×	1.17×	1.17×	1.37×	1.41×	1.43×	1.53×	1.5×
Debt / equity	0.7×	0.82×	0.78×	0.65×	0.55×	0.35×	0.19×	0.12×
Interest coverage	1.25×	1.21×	0.77×	1.85×	6.09×	4.67×	6.36×	23.96×
Dividend yield	0.0%	0.0%	0.1%	1.4%	0.8%	0.0%	4.5%	0.6%
Payout ratio	0.1%	0.3%	20.9%	25.8%	9.3%	0.0%	27.0%	6.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.1%	1.7%	0.6%	3.5%	9.9%	4.3%	9.4%	17.3%
Return on invested capital	4.2%	4.5%	2.1%	3.1%	7.4%	4.0%	9.0%	14.4%
Return on assets	2.0%	0.8%	0.3%	1.8%	4.9%	2.4%	5.9%	11.0%
Free cash flow yield	11.5%	-1.1%	-4.1%	-7.3%	-14.0%	-17.3%	-8.2%	2.4%
Earnings yield	7.4%	2.4%	0.6%	5.3%	8.4%	3.8%	16.8%	9.1%
Enterprise value	₹14.4B	₹16.5B	₹18.2B	₹14.1B	₹18B	₹14.4B	₹6.8B	₹16.7B
Net debt / EBITDA	4.74×	5.16×	6.81×	4.7×	2.62×	3.35×	1.14×	0.38×
Cash conversion cycle (days)	108	118	121	117	136	132	99	60