Choksi Laboratories Limited (CHOKSILA.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

-5.7%

₹190.60

vs ₹202.15 price

Levered DCF

₹188.62

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	36.74×	56.16×	29.75×	15.77×	242.33×	-19.44×	-13.03×	31.61×
P/B	2.82×	3.68×	1.49×	2.4×	2.83×	2.85×	2.5×	2.11×
P/S	1.56×	2.08×	0.9×	1.47×	1.69×	1.97×	1.8×	1.5×
EV / EBITDA	8.6×	10.2×	6.09×	6.5×	9.7×	19.49×	115.12×	9.35×
Gross margin	25.2%	82.8%	89.9%	90.2%	90.6%	86.3%	85.6%	85.6%
Operating margin	11.4%	11.5%	12.5%	13.9%	11.8%	-1.2%	-3.6%	44.6%
Net margin	4.2%	3.6%	3.0%	9.3%	0.7%	-10.2%	-13.8%	4.7%
Current ratio	0.82×	0.68×	0.77×	1.11×	0.9×	0.8×	1.14×	1.21×
Debt / equity	1.34×	1.24×	1.39×	1.54×	2.08×	2.21×	1.66×	0.82×
Interest coverage	1.87×	1.81×	1.52×	1.37×	1.11×	-0.11×	-0.54×	9.79×
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	7.7%	6.5%	5.0%	15.2%	1.2%	-14.7%	-19.2%	6.7%
Return on invested capital	5.2%	6.2%	5.6%	7.5%	3.5%	-0.5%	-1.3%	23.4%
Return on assets	2.7%	2.3%	1.8%	5.3%	0.3%	-3.9%	-6.0%	2.9%
Free cash flow yield	-3.8%	4.7%	13.8%	8.1%	9.9%	-4.3%	-22.1%	-6.1%
Earnings yield	2.7%	1.8%	3.4%	6.3%	0.4%	-5.1%	-7.7%	3.2%
Enterprise value	₹1.1B	₹1.2B	₹632.3M	₹827.1M	₹875.2M	₹894.8M	₹837.6M	₹702.2M
Net debt / EBITDA	2.75×	2.53×	2.91×	2.52×	4.09×	8.46×	45.52×	2.61×
Cash conversion cycle (days)	60	-149	-246	-47	-343	-338	-413	-351