Clara Industries Ltd. (CLARA.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

-264.1%

-₹51.60

vs ₹31.44 price

Levered DCF

-₹265.38

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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	41.95×	21.29×	17.52×	13.24×	6.68×	1.87×
P/B	1.24×	0.94×	1.66×	5.59×	2.23×	0×
P/S	5.38×	3.73×	5.39×	4.59×	1.92×	0.54×
EV / EBITDA	24×	12.37×	10.49×	9.83×	4.85×	0×
Gross margin	26.8%	31.0%	55.8%	51.3%	38.0%	38.0%
Operating margin	15.5%	25.4%	48.0%	50.3%	37.4%	0.0%
Net margin	12.9%	17.5%	33.1%	34.7%	28.8%	28.8%
Current ratio	21.8×	16.94×	8.57×	2.43×	4.41×	0×
Debt / equity	0.02×	0.02×	0.04×	0.44×	0.14×	0×
Interest coverage	21.12×	15.97×	73.11×	90.24×	58.58×	0×
Dividend yield	0.0%	0.5%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	10.9%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	3.0%	4.4%	10.2%	42.2%	33.3%	0.0%
Return on invested capital	2.6%	4.2%	9.9%	31.2%	28.3%	0.0%
Return on assets	2.9%	4.2%	9.2%	25.1%	25.9%	0.0%
Free cash flow yield	-11.0%	9.2%	-35.0%	-4.9%	-65.2%	0.0%
Earnings yield	2.4%	4.7%	6.1%	7.6%	15.0%	53.5%
Enterprise value	₹757.6M	₹402.8M	₹676.9M	₹551.4M	₹122.8M	₹0
Net debt / EBITDA	0.12×	0.01×	-0.11×	0.52×	0.1×	0×
Cash conversion cycle (days)	877	701	698	383	342	0