CHL Limited (CHLLTD.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

-2473.6%

-₹602.89

vs ₹25.40 price

Levered DCF

-₹54.19

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.06

Distress zone

Rating

C-

Overall 1 / 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	369.45×	-116.1×	19.07×	39.45×	-5.77×	-1.66×	-1.92×	-3.28×
P/B	0.37×	-2.57×	-1.58×	-0.98×	-1.94×	-6.93×	1.16×	1.08×
P/S	1.03×	1.43×	1.35×	0.98×	1.55×	1.51×	0.35×	0.62×
EV / EBITDA	13.37×	9.8×	6.97×	10.46×	24.97×	-92.24×	25.23×	13.26×
Gross margin	31.5%	64.9%	68.0%	69.0%	57.7%	48.4%	59.4%	61.2%
Operating margin	8.6%	13.2%	17.8%	17.0%	-18.3%	-82.6%	-9.5%	3.2%
Net margin	0.3%	-1.2%	10.4%	2.5%	-26.8%	-90.9%	-18.0%	-19.0%
Current ratio	0.35×	0.41×	0.35×	0.44×	0.24×	0.24×	0.35×	0.52×
Debt / equity	0.62×	-3.16×	-2.25×	-2.2×	-5.97×	-44.7×	8.98×	4.7×
Interest coverage	0.65×	0.77×	0.92×	1×	-0.8×	-1.58×	-0.46×	0.15×
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	0.1%	2.2%	-12.2%	-2.5%	33.5%	418.6%	-60.7%	-32.8%
Return on invested capital	0.1%	-2.1%	6.9%	9.5%	-4.4%	-8.2%	-3.1%	0.9%
Return on assets	0.0%	-0.5%	4.1%	0.9%	-4.8%	-6.7%	-4.6%	-4.8%
Free cash flow yield	-336.5%	27.1%	3.4%	41.1%	19.0%	31.2%	74.2%	51.7%
Earnings yield	0.3%	-0.9%	7.7%	2.6%	-17.3%	-60.4%	-52.2%	-30.5%
Enterprise value	₹3.8B	₹4.3B	₹4.2B	₹3.7B	₹3.4B	₹2.6B	₹2.6B	₹3B
Net debt / EBITDA	7.86×	5.35×	3.93×	7.09×	18.72×	-79.77×	22.29×	10.71×
Cash conversion cycle (days)	32	26	45	55	34	96	51	50