Central Bank of India (CENTRALBK.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

-4.1%

₹28.18

vs ₹29.40 price

Levered DCF

-₹0.91

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.23

Distress zone

Rating

Overall 3 / 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	6.29×	9.12×	20.64×	12.49×	14.8×	-9.42×	-4.55×	-5.55×
P/B	0.73×	0.97×	1.7×	0.71×	0.58×	0.53×	0.49×	1.61×
P/S	0.67×	0.9×	1.55×	0.7×	0.62×	0.55×	0.41×	1.24×
EV / EBITDA	3.17×	4.77×	12×	-8.01×	-22.97×	35.51×	23.05×	-1.17×
Gross margin	44.9%	50.0%	49.7%	53.2%	48.3%	44.0%	39.0%	36.7%
Operating margin	15.5%	9.9%	7.5%	5.7%	4.1%	-3.4%	-4.3%	-22.4%
Net margin	10.6%	9.9%	7.5%	5.6%	4.1%	-3.4%	-4.3%	-22.4%
Current ratio	0×	0.09×	0.24×	0.13×	0.17×	0.14×	9.56×	14.16×
Debt / equity	0.82×	0.59×	0.64×	0.22×	0.21×	0.15×	0.28×	0.32×
Interest coverage	0.3×	0.2×	0.15×	0.12×	0.08×	-0.06×	-0.07×	-0.35×
Dividend yield	2.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%
Payout ratio	15.8%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.6%	-0.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.6%	10.7%	8.2%	5.7%	3.8%	-3.3%	-5.3%	-29.0%
Return on invested capital	0.6%	4.1%	0.5%	1.4%	0.9%	-1.2%	-10.0%	-36.7%
Return on assets	0.8%	0.8%	0.6%	0.4%	0.3%	-0.2%	-0.3%	-1.7%
Free cash flow yield	67.9%	-8.1%	-58.7%	-43.0%	88.6%	-129.6%	12.8%	-47.2%
Earnings yield	15.9%	11.0%	4.9%	8.0%	6.6%	-6.2%	-10.6%	-18.0%
Enterprise value	₹224.6B	₹214.8B	₹381.1B	-₹166.1B	-₹312.7B	-₹208.1B	-₹194B	₹62.4B
Net debt / EBITDA	-0.84×	-3.19×	-5.32×	-18.09×	-34.67×	59.66×	35.68×	4.68×
Cash conversion cycle (days)	0	39	706	-23	-21	26	-3,956	-3,932