Cargotrans Maritime Limited (CARGOTRANS.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

-436.1%

-₹210.73

vs ₹62.70 price

Levered DCF

-₹335.14

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.49

Safe zone

Rating

A-

Overall 4 / 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
P/E	13.64×	8.57×	11.51×	12.54×	9.47×	26.06×	108.09×
P/B	1.52×	1.29×	1.62×	2.31×	4×	10.13×	16.57×
P/S	0.66×	0.34×	0.35×	0.4×	0.25×	0.61×	1.46×
EV / EBITDA	8.41×	5.33×	7.41×	8.23×	5.98×	13.43×	36.45×
Gross margin	5.7%	94.2%	94.4%	6.2%	5.3%	6.5%	6.7%
Operating margin	5.7%	5.2%	94.0%	4.1%	3.7%	3.9%	3.2%
Net margin	4.8%	3.9%	3.1%	3.2%	2.6%	2.3%	1.3%
Current ratio	3.76×	1.72×	2.01×	2.87×	2.67×	1.79×	2.16×
Debt / equity	0.06×	0.11×	0.16×	0.03×	0.44×	1.13×	1.39×
Interest coverage	7.97×	7.54×	276.63×	89.35×	13.12×	5.41×	2.36×
Dividend yield	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	4.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.1%	15.0%	14.1%	18.4%	42.2%	38.9%	15.2%
Return on invested capital	9.8%	13.6%	273.7%	17.6%	31.9%	22.1%	11.0%
Return on assets	9.1%	10.1%	8.6%	12.2%	20.0%	10.7%	4.7%
Free cash flow yield	-28.8%	-21.8%	-1.7%	-9.0%	6.9%	-1.3%	-6.9%
Earnings yield	7.3%	11.7%	8.7%	8.0%	10.6%	3.8%	0.9%
Enterprise value	₹698.8M	₹317.7M	₹229.2M	₹283.7M	₹232.2M	₹325.1M	₹322.3M
Net debt / EBITDA	-0.37×	0.4×	-0.34×	-0.29×	0.3×	1.04×	2.54×
Cash conversion cycle (days)	43	-535	-530	21	18	18	37