Campus Activewear Limited (CAMPUS.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

+96.2%

₹379.42

vs ₹193.36 price

Levered DCF

₹552.14

After debt service

Piotroski score

2 / 9

Weak

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	44.57×	58.66×	77.44×	86.57×	106.13×	430.57×	187.57×	300.71×
P/B	7.38×	9.4×	10.63×	18.38×	26.94×	36.88×	40.5×	57.15×
P/S	3.77×	4.46×	4.78×	6.84×	9.65×	16.21×	15.75×	19.38×
EV / EBITDA	23.71×	28.36×	32.93×	40.85×	48.32×	97.79×	85.87×	116.27×
Gross margin	40.0%	51.8%	31.4%	30.4%	49.6%	46.6%	28.0%	45.4%
Operating margin	11.5%	39.6%	9.8%	12.4%	39.5%	11.9%	15.8%	14.6%
Net margin	8.5%	7.6%	6.2%	7.9%	9.1%	3.8%	8.4%	6.5%
Current ratio	2.37×	2.19×	2.4×	1.64×	1.59×	1.45×	1.28×	1.21×
Debt / equity	0.26×	0.31×	0.27×	0.61×	0.68×	0.57×	0.97×	0.98×
Interest coverage	8.39×	33.59×	6.12×	6.44×	24.07×	5.14×	7.48×	4.83×
Dividend yield	0.1%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	6.1%	17.6%	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	16.6%	16.0%	13.7%	21.2%	25.4%	8.6%	21.6%	19.0%
Return on invested capital	12.9%	46.2%	12.5%	15.4%	41.4%	6.6%	12.9%	12.6%
Return on assets	10.2%	9.3%	8.2%	10.0%	11.3%	3.9%	8.6%	7.6%
Free cash flow yield	0.7%	2.5%	3.2%	0.6%	-0.1%	0.6%	-0.1%	0.2%
Earnings yield	2.2%	1.7%	1.3%	1.2%	0.9%	0.2%	0.5%	0.3%
Enterprise value	₹69.2B	₹73.2B	₹70.8B	₹104.6B	₹118.1B	₹117.1B	₹117.9B	₹117.3B
Net debt / EBITDA	0.8×	0.83×	0.73×	1.21×	1.18×	1.47×	1.9×	1.95×
Cash conversion cycle (days)	109	107	102	126	142	81	106	143