Cineline India Limited (CINELINE.NS) 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

+872.1%

₹884.60

vs ₹91.00 price

Levered DCF

₹1,534.14

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 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	22.4×	-16.54×	-89.93×	165×	-8.2×	18.36×	6.87×	13.01×
P/B	1.67×	2.04×	2.73×	2.09×	2.67×	0.69×	0.43×	1.12×
P/S	1.09×	1.38×	1.65×	2.06×	6.46×	3.08×	2.05×	5.29×
EV / EBITDA	6.45×	22.33×	12.93×	21.92×	43.28×	10.18×	6.72×	10.22×
Gross margin	37.6%	64.9%	71.0%	74.8%	94.4%	70.5%	79.7%	82.3%
Operating margin	8.5%	7.4%	12.7%	2.1%	-6.2%	19.0%	44.5%	53.7%
Net margin	4.9%	-8.4%	-1.8%	1.2%	-78.8%	16.8%	29.7%	40.6%
Current ratio	0.69×	1.13×	0.64×	0.55×	1.48×	2.25×	1.26×	9.45×
Debt / equity	0.78×	0.74×	2.34×	2.55×	2.96×	2.54×	1.41×	1.38×
Interest coverage	1.53×	0.54×	0.78×	0.09×	-0.08×	0.24×	0.62×	1.35×
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	7.4%	-12.3%	-3.0%	1.3%	-32.5%	3.8%	6.3%	8.6%
Return on invested capital	5.6%	2.7%	6.1%	0.4%	-0.6%	0.7%	2.9%	3.3%
Return on assets	3.4%	-5.6%	-0.8%	0.3%	-7.9%	1.0%	2.3%	3.4%
Free cash flow yield	0.2%	2.9%	5.9%	25.4%	3.4%	-2.3%	40.5%	-8.6%
Earnings yield	4.5%	-6.0%	-1.1%	0.6%	-12.2%	5.4%	14.5%	7.7%
Enterprise value	₹3.7B	₹3.6B	₹7.5B	₹6.2B	₹5.9B	₹3.9B	₹2.2B	₹2.6B
Net debt / EBITDA	1.94×	4.46×	5.85×	11.66×	21.83×	7.86×	5.15×	5.25×
Cash conversion cycle (days)	-17	-43	-92	-172	-758	-201	-68	246