Ceeta Industries Ltd. (CEETAIN.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

-2151.8%

-₹773.51

vs ₹37.70 price

Levered DCF

-₹1,552.09

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

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	105.48×	23.12×	-30.77×	-20.4×	50.91×	30.28×	10.68×	2.95×
P/B	2.19×	2.32×	2×	1×	0.89×	0.55×	0.23×	0.26×
P/S	2.87×	2.88×	4.19×	6.66×	30.37×	9.71×	1.46×	0.44×
EV / EBITDA	29.24×	13.05×	-35.52×	-266.19×	28.7×	20.24×	5.21×	1.88×
Gross margin	35.9%	36.9%	38.9%	44.3%	-57.8%	-21.6%	10.4%	28.3%
Operating margin	1.0%	0.2%	-23.3%	-51.5%	-227.1%	-105.7%	4.4%	4.4%
Net margin	2.7%	12.5%	-13.6%	-32.8%	59.8%	32.3%	13.7%	14.7%
Current ratio	2.18×	1.55×	0.96×	1.75×	11.73×	25.61×	9.41×	13.79×
Debt / equity	0.16×	0.18×	0.54×	0.44×	0×	0.03×	0.03×	0.03×
Interest coverage	0.58×	0.11×	-1.95×	-4.65×	-68.04×	-19.32×	1.9×	7.09×
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	2.1%	10.0%	-6.5%	-4.9%	1.8%	1.8%	2.1%	8.7%
Return on invested capital	0.5%	0.1%	-4.2%	-5.3%	-5.2%	-5.1%	0.6%	2.0%
Return on assets	1.7%	8.1%	-4.1%	-3.2%	1.7%	1.7%	2.0%	8.2%
Free cash flow yield	-1.1%	-1.2%	-4.3%	-67.3%	-16.2%	21.2%	-67.9%	-54.2%
Earnings yield	1.0%	4.3%	-3.2%	-4.9%	2.0%	3.3%	9.4%	33.8%
Enterprise value	₹656.3M	₹681.7M	₹623.5M	₹368.4M	₹221.1M	₹145M	₹62.7M	₹62.2M
Net debt / EBITDA	1.9×	0.9×	-7.49×	-78.11×	-2.93×	0.63×	0.45×	-0.05×
Cash conversion cycle (days)	164	124	172	131	20	176	446	58