Chaman Lal Setia Exports Limited (CLSEL.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

+4.0%

₹287.57

vs ₹276.60 price

Levered DCF

-₹62.16

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

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	8.89×	14.94×	9.88×	7.55×	7.77×	8.1×	12.67×	19.32×
P/B	1.22×	2.21×	1.6×	1.46×	1.23×	1.9×	2.43×	2.95×
P/S	0.71×	1.08×	0.84×	0.64×	0.54×	0.78×	0.83×	0.87×
EV / EBITDA	5.81×	11.26×	7.59×	5.74×	6.22×	5.76×	8.89×	12.02×
Gross margin	21.5%	20.5%	18.7%	23.7%	24.5%	24.7%	19.6%	17.1%
Operating margin	10.6%	9.2%	11.5%	11.1%	9.7%	13.3%	9.3%	7.7%
Net margin	8.0%	6.9%	8.5%	8.5%	7.0%	9.6%	6.6%	4.5%
Current ratio	6.94×	4.7×	3.8×	4.27×	3.64×	4.19×	3.72×	3.09×
Debt / equity	0.1×	0.17×	0.25×	0.2×	0.29×	0.27×	0.25×	0.47×
Interest coverage	16.85×	14.06×	15.79×	21.17×	13.38×	17.58×	11.11×	7.9×
Dividend yield	1.2%	0.6%	0.9%	0.2%	1.0%	0.9%	0.4%	0.0%
Payout ratio	10.8%	9.1%	8.8%	1.2%	7.7%	7.0%	5.3%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.7%	14.0%	16.2%	19.3%	15.9%	23.5%	19.2%	15.3%
Return on invested capital	12.3%	12.1%	13.1%	15.8%	12.8%	19.0%	16.3%	11.5%
Return on assets	11.0%	10.6%	11.6%	14.4%	10.5%	15.8%	12.4%	8.9%
Free cash flow yield	4.0%	3.2%	-4.5%	3.2%	-13.7%	4.0%	6.6%	-5.8%
Earnings yield	11.3%	6.3%	10.1%	13.2%	12.9%	12.3%	7.9%	5.2%
Enterprise value	₹9.7B	₹16.9B	₹13B	₹9.8B	₹6.2B	₹7B	₹7.2B	₹7.7B
Net debt / EBITDA	-0.28×	0.44×	0.92×	0.53×	1.13×	0.27×	0.65×	1.62×
Cash conversion cycle (days)	195	186	217	180	225	175	155	152