Chandrima Mercantiles Limited (CHANDRIMA.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

-54.9%

₹2.81

vs ₹6.23 price

Levered DCF

-₹53.54

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

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	25.95×	152.98×	61.18×	813.75×	530×	-2.11×	-41,186.58×	4,153.85×
P/B	1.53×	1.1×	0.34×	-225.54×	-101.14×	-82.61×	69.12×	11.6×
P/S	2×	3.82×	0.83×	0.65×	0.41×	0.57×	0×	0×
EV / EBITDA	32.09×	165.38×	11.66×	2,326.87×	546.87×	-14,171.45×	1,019,404.58×	-2,457,961.84×
Gross margin	7.4%	3.8%	9.3%	0.7%	0.9%	-25.6%	0.0%	0.0%
Operating margin	6.1%	3.5%	9.2%	0.5%	0.4%	-26.2%	0.0%	0.0%
Net margin	7.7%	2.5%	1.4%	0.1%	0.1%	-26.5%	0.0%	0.0%
Current ratio	40.97×	63.39×	0.63×	0.94×	0.71×	0.46×	56.03×	110.5×
Debt / equity	0.06×	0.03×	0.07×	-63.95×	-0.37×	-0.31×	1.12×	0×
Interest coverage	0×	1,268.38×	934.84×	341.33×	0×	-10,599.9×	0×	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	5.9%	0.7%	0.6%	-27.6%	-18.5%	3849.0%	-0.2%	0.3%
Return on invested capital	4.1%	0.9%	3.1%	2.6%	-163.5%	5537.0%	-0.2%	-0.2%
Return on assets	5.0%	0.6%	0.4%	0.1%	0.1%	-127.9%	-0.0%	0.3%
Free cash flow yield	-37.2%	-34.3%	33.6%	-15.9%	38.7%	-2.9%	-1.2%	0.2%
Earnings yield	3.9%	0.7%	1.6%	0.1%	0.2%	-46.6%	-0.0%	0.0%
Enterprise value	₹1.6B	₹1.1B	₹193.6M	₹183.8M	₹82M	₹79.2M	₹418M	₹417.9M
Net debt / EBITDA	1.15×	4.04×	1.97×	513.96×	0.02×	27.99×	187.51×	149.93×
Cash conversion cycle (days)	216	424	-127	-118	-239	-32	0	0