Centum Electronics Limited (CENTUM.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

-31.9%

₹2,821.91

vs ₹4,142.40 price

Levered DCF

₹1,110.86

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	-87.42×	863.97×	1,280.29×	92.55×	-19.08×	28.39×	16.34×	21.2×
P/B	13.2×	5.13×	11.2×	4.31×	2.86×	2.18×	1.59×	2.73×
P/S	4.75×	1.84×	2.15×	1.03×	0.79×	0.63×	0.39×	0.68×
EV / EBITDA	30.29×	24.25×	31.31×	15.91×	124.93×	9.41×	7.51×	8.48×
Gross margin	18.9%	47.3%	9.5%	52.7%	57.2%	53.5%	56.5%	13.6%
Operating margin	12.2%	4.7%	1.5%	5.2%	-1.8%	1.6%	8.9%	9.1%
Net margin	-5.4%	0.2%	0.2%	1.1%	-4.2%	2.2%	2.4%	3.2%
Current ratio	1.37×	1.19×	1.08×	0.99×	1.01×	1.09×	0.98×	1.08×
Debt / equity	0.36×	0.46×	1.1×	1.45×	1.56×	1.67×	1.82×	1.63×
Interest coverage	6.86×	1.6×	0.46×	1.87×	-0.56×	0.42×	2.45×	2.89×
Dividend yield	0.2%	0.2%	0.4%	0.4%	0.4%	1.2%	1.9%	0.3%
Payout ratio	-17.0%	158.5%	510.8%	33.1%	-8.4%	33.9%	31.0%	5.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-15.1%	0.6%	0.9%	4.7%	-15.0%	7.7%	9.7%	12.9%
Return on invested capital	13.4%	-1.3%	-1.1%	4.7%	-2.4%	1.2%	8.4%	12.9%
Return on assets	-4.0%	0.2%	0.2%	0.9%	-3.3%	1.7%	1.8%	2.6%
Free cash flow yield	-0.0%	-2.3%	7.9%	5.4%	14.5%	11.5%	25.6%	2.7%
Earnings yield	-1.1%	0.1%	0.1%	1.1%	-5.2%	3.5%	6.1%	4.7%
Enterprise value	₹45.8B	₹22B	₹24.5B	₹11.8B	₹8.5B	₹8.2B	₹6.8B	₹9.4B
Net debt / EBITDA	0.35×	1.32×	2.25×	3.65×	39.65×	3.81×	3.93×	3.07×
Cash conversion cycle (days)	211	177	142	202	253	234	204	186