CCL International Limited (CCLINTER.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

-866.1%

-₹168.55

vs ₹22.00 price

Levered DCF

-₹95.90

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	48.43×	70.54×	29.37×	-19.74×	56.5×	68.6×	2.2×	9.07×
P/B	0.95×	1.06×	0.93×	0.6×	0.7×	0.72×	0.1×	0.43×
P/S	0.91×	1.09×	1.21×	1.66×	1.21×	1.09×	0.19×	0.5×
EV / EBITDA	10.26×	14.53×	11.79×	33.1×	11.11×	9.41×	3.68×	6.96×
Gross margin	6.5%	8.6%	21.2%	22.5%	21.9%	19.9%	19.4%	20.2%
Operating margin	-0.9%	4.0%	5.0%	-12.7%	2.2%	4.6%	-1.2%	6.8%
Net margin	1.9%	1.6%	4.1%	-8.4%	2.1%	1.6%	8.6%	5.4%
Current ratio	2.46×	2.09×	2.17×	3.05×	2.53×	2.98×	2.05×	1.93×
Debt / equity	0.4×	0.51×	0.52×	0.32×	0.29×	0.2×	0.38×	0.48×
Interest coverage	-0.29×	1.23×	0.95×	-2.74×	0.6×	1.36×	-0.16×	1.65×
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	2.0%	1.5%	3.2%	-3.1%	1.2%	1.0%	4.7%	4.7%
Return on invested capital	-0.4%	2.0%	2.5%	-2.5%	1.0%	1.8%	-0.5%	3.5%
Return on assets	1.3%	0.9%	2.0%	-2.2%	0.9%	0.8%	3.0%	2.9%
Free cash flow yield	6.0%	-1.1%	-12.9%	7.5%	-22.1%	27.3%	11.5%	-47.8%
Earnings yield	2.1%	1.4%	3.4%	-5.1%	1.7%	1.5%	45.6%	10.8%
Enterprise value	₹576.9M	₹741M	₹674.4M	₹416.9M	₹459.8M	₹402.5M	₹212.5M	₹389.7M
Net debt / EBITDA	2.08×	4.71×	4.26×	11.45×	3.25×	1.71×	2.87×	3.64×
Cash conversion cycle (days)	168	203	315	449	300	218	321	217