Chd Chemicals Limited (CHDCHEM.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

+231.6%

₹24.77

vs ₹7.47 price

Levered DCF

-₹4.25

After debt service

Piotroski score

3 / 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	-13.16×	-30×	25.31×	75.83×	15.8×	338×	67.6×	28.2×
P/B	0.32×	0.46×	0.49×	0.38×	0.6×	1.47×	2.75×	1.5×
P/S	0.79×	0.87×	0.4×	0.26×	0.26×	0.27×	0.41×	0.24×
EV / EBITDA	429.87×	52.05×	15.18×	21.44×	31.78×	37.11×	28.95×	14.58×
Gross margin	3.4%	11.2%	10.7%	7.6%	6.7%	3.4%	4.5%	5.9%
Operating margin	-8.0%	-2.4%	7.9%	2.1%	4.3%	0.6%	3.3%	1.7%
Net margin	-6.0%	-2.9%	1.6%	0.3%	1.6%	0.1%	0.6%	0.9%
Current ratio	13.06×	6.51×	4.48×	3.49×	3.62×	1.54×	17,979.92×	1.55×
Debt / equity	0.45×	0.51×	0.5×	0.7×	1.48×	0.49×	0.15×	0.33×
Interest coverage	-2.06×	-0.68×	4.96×	1.09×	3.31×	1.32×	8.63×	3.86×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.8%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	270.7%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-2.5%	-1.5%	1.9%	0.5%	3.8%	0.4%	4.1%	5.3%
Return on invested capital	-2.3%	-0.8%	4.8%	1.4%	4.2%	1.1%	4.6%	5.7%
Return on assets	-1.6%	-0.9%	1.1%	0.2%	1.3%	0.1%	1.2%	1.8%
Free cash flow yield	11.8%	0.7%	41.1%	221.6%	-163.2%	-20.8%	6.9%	-15.7%
Earnings yield	-7.6%	-3.3%	4.0%	1.3%	6.3%	0.3%	1.5%	3.6%
Enterprise value	₹98.9M	₹122M	₹126M	₹134.6M	₹272.4M	₹243.9M	₹368.7M	₹220.6M
Net debt / EBITDA	249.43×	26.51×	7.31×	13.53×	22.37×	8.52×	1.05×	2.33×
Cash conversion cycle (days)	1,192	1,001	421	396	363	88	50	68