Barak Valley Cements Limited (BVCL.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

+39.5%

₹49.72

vs ₹35.65 price

Levered DCF

₹11.80

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	246.77×	16.37×	16.48×	10.21×	-11.25×	16.51×	2.76×	100×
P/B	0.58×	0.68×	0.99×	0.47×	0.47×	0.33×	0.15×	0.3×
P/S	0.34×	0.41×	0.51×	0.29×	0.29×	0.27×	0.1×	0.22×
EV / EBITDA	8.38×	5.66×	6.67×	4.62×	8.84×	7.71×	7.05×	8.05×
Gross margin	51.0%	56.7%	71.1%	81.4%	64.7%	73.4%	78.9%	82.9%
Operating margin	3.1%	6.5%	7.7%	8.9%	56.6%	9.5%	6.6%	5.3%
Net margin	0.1%	2.5%	3.1%	2.9%	-2.6%	1.6%	3.8%	0.2%
Current ratio	1.16×	1.26×	1.19×	1.02×	1.06×	0.8×	0.68×	0.56×
Debt / equity	0.23×	0.26×	0.4×	0.54×	0.72×	0.98×	0.91×	0.94×
Interest coverage	1.58×	2.44×	2.35×	1.73×	10.13×	1.26×	1.62×	0.91×
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	0.2%	4.1%	6.0%	4.6%	-4.2%	2.0%	5.3%	0.3%
Return on invested capital	0.4%	4.4%	5.4%	5.7%	51.0%	3.4%	4.6%	1.2%
Return on assets	0.1%	2.4%	3.1%	2.2%	-2.0%	0.8%	2.2%	0.1%
Free cash flow yield	3.3%	5.2%	11.5%	45.5%	-18.9%	-9.3%	-47.3%	41.9%
Earnings yield	0.4%	6.1%	6.1%	9.8%	-8.9%	6.1%	36.3%	1.0%
Enterprise value	₹1B	₹1.2B	₹1.7B	₹1.1B	₹1.3B	₹1.5B	₹1.2B	₹1.3B
Net debt / EBITDA	2.36×	1.54×	1.89×	2.46×	5.27×	5.74×	6.07×	6.01×
Cash conversion cycle (days)	80	115	113	242	57	54	-60	-65