Cindrella Hotels Limited (CINDHO.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

-166.0%

-₹29.69

vs ₹44.99 price

Levered DCF

-₹131.11

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

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	86.48×	106.14×	29.32×	6.72×	26.8×	-8.39×	3.23×	18.96×
P/B	1.48×	1.87×	1.62×	1.53×	1.13×	0.83×	0.55×	0.8×
P/S	1.56×	2.32×	2.37×	2.17×	1.83×	2.69×	1.02×	1.27×
EV / EBITDA	10.8×	12.34×	16.23×	4.26×	8.63×	69.63×	2.41×	5.87×
Gross margin	30.7%	28.1%	35.9%	37.9%	43.8%	25.5%	37.3%	39.5%
Operating margin	4.7%	5.0%	3.2%	41.8%	5.8%	-34.4%	2.9%	9.5%
Net margin	1.8%	2.2%	8.1%	32.2%	6.8%	-32.1%	31.5%	6.7%
Current ratio	1.86×	2.64×	2.2×	2.11×	3.04×	1.29×	2.26×	1.24×
Debt / equity	0.27×	0.23×	0.13×	0×	0.1×	0.13×	0.09×	0×
Interest coverage	1.95×	1.76×	3.59×	83.17×	2.46×	-10.47×	4.78×	16.11×
Dividend yield	2.2%	1.7%	1.9%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	188.1%	176.9%	54.8%	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	1.7%	1.7%	5.5%	22.8%	4.2%	-9.9%	17.1%	4.2%
Return on invested capital	2.5%	2.3%	1.8%	22.6%	3.0%	-8.5%	1.3%	4.0%
Return on assets	1.2%	1.3%	4.4%	20.5%	3.4%	-7.7%	13.9%	3.4%
Free cash flow yield	4.8%	-1.4%	-15.9%	0.7%	-2.9%	-2.7%	-33.8%	15.8%
Earnings yield	1.2%	0.9%	3.4%	14.9%	3.7%	-11.9%	30.9%	5.3%
Enterprise value	₹192.1M	₹241.2M	₹206.3M	₹172.6M	₹105.2M	₹77.1M	₹55.7M	₹58.4M
Net debt / EBITDA	1.49×	1.2×	1.1×	-0.02×	0.56×	9.46×	0.3×	-0.25×
Cash conversion cycle (days)	89	105	86	53	101	135	71	81