Camex Limited (CAMEXLTD.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

-59.4%

₹20.60

vs ₹50.72 price

Levered DCF

-₹4.78

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.67

Safe zone

Rating

A-

Overall 4 / 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	8.98×	19.34×	12.22×	39.17×	8.44×	14.96×	8.26×	9.04×
P/B	0.63×	0.86×	1.03×	0.64×	0.71×	0.6×	0.32×	1.07×
P/S	0.19×	0.28×	0.3×	0.18×	0.15×	0.14×	0.08×	0.23×
EV / EBITDA	5.6×	9.04×	8.77×	13.76×	13.59×	12.34×	3.6×	6.94×
Gross margin	8.4%	11.3%	9.6%	3.4%	6.8%	9.3%	10.6%	11.2%
Operating margin	3.3%	2.6%	3.3%	0.4%	0.9%	5.9%	1.7%	4.3%
Net margin	2.2%	1.4%	2.4%	0.5%	1.8%	0.9%	1.0%	2.5%
Current ratio	3×	3.08×	4.47×	3.46×	3.74×	1.85×	2.13×	1.99×
Debt / equity	0.17×	0.03×	0.19×	0.13×	0.23×	0.51×	0.09×	0.43×
Interest coverage	4.47×	2.57×	6.11×	0.59×	1.31×	13.22×	2.6×	3.45×
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	7.0%	4.4%	8.5%	1.6%	8.5%	4.0%	3.8%	11.8%
Return on invested capital	6.7%	5.2%	7.1%	0.8%	2.6%	12.9%	4.6%	10.9%
Return on assets	4.6%	3.1%	5.6%	1.0%	4.8%	1.7%	2.3%	6.0%
Free cash flow yield	-30.1%	1.2%	11.1%	-13.5%	32.2%	-71.6%	108.1%	55.9%
Earnings yield	11.1%	5.1%	8.2%	2.5%	11.9%	6.7%	12.1%	11.1%
Enterprise value	₹346.1M	₹356.4M	₹407.4M	₹275.7M	₹339.4M	₹373M	₹128.8M	₹452.9M
Net debt / EBITDA	0.88×	-0.29×	-0.33×	1.79×	2.96×	5.62×	0.7×	1.83×
Cash conversion cycle (days)	75	51	52	81	69	72	68	81