Chambal Fertilisers and Chemicals Limited (CHAMBLFERT.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

+95.8%

₹752.64

vs ₹384.30 price

Levered DCF

₹545.67

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

5.45

Safe zone

Rating

C+

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	8.75×	15.09×	11.59×	10.63×	11.22×	5.76×	3.68×	11.45×
P/B	1.64×	2.85×	2.03×	1.56×	2.75×	1.82×	1.27×	2.34×
P/S	0.82×	1.5×	0.82×	0.4×	1.09×	0.75×	0.37×	0.67×
EV / EBITDA	6×	9.82×	8.01×	7.52×	9.39×	5.08×	7.18×	12.29×
Gross margin	33.0%	43.6%	38.9%	28.8%	39.9%	42.0%	43.2%	39.4%
Operating margin	11.2%	42.1%	37.7%	28.1%	38.7%	40.5%	41.7%	37.9%
Net margin	9.4%	9.9%	7.1%	3.7%	9.7%	13.0%	10.0%	5.8%
Current ratio	2.33×	3.08×	2.01×	1.79×	1.6×	2.06×	1.1×	1×
Debt / equity	0.1×	0.01×	0.26×	0.48×	0.68×	0.75×	2.86×	3.14×
Interest coverage	342.07×	147.07×	39.11×	25.34×	52.24×	18.42×	11.31×	18.17×
Dividend yield	2.3%	1.3%	2.1%	2.8%	2.1%	1.3%	5.5%	1.2%
Payout ratio	20.5%	19.4%	24.5%	30.2%	23.9%	7.5%	20.3%	13.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.8%	18.9%	17.5%	14.6%	24.5%	31.5%	34.6%	20.5%
Return on invested capital	13.8%	46.1%	44.9%	51.1%	38.5%	40.1%	34.7%	22.5%
Return on assets	13.6%	14.5%	11.1%	8.1%	11.8%	16.1%	8.4%	4.2%
Free cash flow yield	-4.3%	3.3%	18.4%	27.7%	-1.2%	70.4%	3.7%	-34.5%
Earnings yield	11.4%	6.6%	8.6%	9.4%	8.9%	17.4%	27.2%	8.7%
Enterprise value	₹176B	₹247.6B	₹165.5B	₹143.1B	₹213.7B	₹125.8B	₹144.8B	₹157.4B
Net debt / EBITDA	0.17×	-0.05×	0.85×	1.74×	1.67×	1.23×	4.94×	7.01×
Cash conversion cycle (days)	72	54	22	28	122	58	206	200