Chandni Machines Limited (CHANDNIMACH.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

+38.5%

₹13.09

vs ₹9.45 price

Levered DCF

-₹133.52

After debt service

Piotroski score

1 / 9

Weak

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	5.79×	1.01×	0.74×	2.67×	0.59×	26.18×	63.02×	9.93×
P/B	0.13×	0.14×	0.15×	0.13×	0.14×	0.18×	0.18×	0.18×
P/S	0.16×	0.01×	0.01×	0.02×	0.01×	0.02×	0.02×	0.08×
EV / EBITDA	3.73×	-0.72×	-0.44×	2.91×	-0.14×	37.52×	-8.52×	-5.7×
Gross margin	4.6%	2.9%	3.3%	3.8%	3.5%	2.8%	3.5%	10.7%
Operating margin	-5.7%	0.1%	2.8%	2.3%	3.0%	1.5%	2.3%	7.4%
Net margin	2.8%	0.7%	1.0%	0.7%	1.0%	0.1%	0.0%	0.8%
Current ratio	3.1×	1.3×	1.36×	1.89×	1.45×	1.06×	1.15×	1.3×
Debt / equity	0.07×	0.03×	0.04×	0.07×	0.04×	0.07×	0.15×	0.15×
Interest coverage	-26.7×	11.95×	112.38×	10,806.41×	50,394.01×	28.97×	50.17×	0×
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	2.2%	14.0%	19.7%	4.9%	23.3%	0.7%	0.3%	1.8%
Return on invested capital	-2.4%	1.8%	36.3%	10.7%	47.3%	8.1%	7.6%	9.8%
Return on assets	1.8%	6.3%	10.3%	2.8%	10.2%	0.1%	0.1%	0.7%
Free cash flow yield	-456.7%	417.0%	344.6%	8.6%	132.5%	77.2%	47.1%	-155.7%
Earnings yield	17.2%	98.9%	134.6%	37.6%	168.3%	3.7%	1.6%	9.9%
Enterprise value	₹62.2M	-₹16.8M	-₹9.3M	₹12.2M	-₹3.1M	₹7.9M	₹13M	₹15.9M
Net debt / EBITDA	1.19×	-1.34×	-1.05×	0.69×	-0.57×	-6.67×	-2.43×	-2.38×
Cash conversion cycle (days)	-3	4	13	38	8	42	37	306