John Cockerill India Ltd. (COCKERILL.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

-97.3%

₹190.22

vs ₹6,986.00 price

Levered DCF

₹1,928.21

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.6

Distress zone

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	252.22×	-271.75×	57.19×	54.6×	165.53×	-14.15×	8.68×	18.88×
P/B	12.38×	7.27×	7.81×	3.66×	4.26×	2.35×	0.99×	3.47×
P/S	7.27×	3.76×	1.86×	1.46×	2.05×	2.11×	0.59×	1.36×
EV / EBITDA	103.87×	1,304.71×	35.45×	92.08×	52.07×	-17.06×	6.91×	17.28×
Gross margin	35.3%	37.1%	11.8%	10.3%	8.6%	-1.1%	15.3%	14.6%
Operating margin	4.7%	-2.5%	3.5%	0.5%	1.8%	-11.4%	-1.0%	4.5%
Net margin	2.9%	-1.4%	3.2%	2.7%	1.2%	-14.9%	6.8%	7.2%
Current ratio	1.32×	1.25×	1.13×	1.18×	1.6×	1.41×	1.47×	1.31×
Debt / equity	0.03×	0.02×	0.01×	0×	0×	0×	0×	0×
Interest coverage	5.53×	-5.04×	10.33×	1.35×	1.42×	-9.42×	-1.89×	11.79×
Dividend yield	0.0%	0.2%	0.1%	0.1%	0.0%	0.6%	2.9%	0.4%
Payout ratio	0.1%	-63.9%	8.5%	7.6%	0.0%	-8.5%	25.0%	6.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	-2.7%	13.6%	6.7%	2.6%	-16.6%	11.5%	18.4%
Return on invested capital	6.5%	-3.1%	10.2%	1.0%	3.6%	-11.3%	-3.1%	7.7%
Return on assets	1.5%	-0.9%	3.5%	1.5%	1.3%	-6.3%	5.2%	5.9%
Free cash flow yield	6.1%	-5.3%	0.8%	10.6%	3.3%	-4.9%	-27.3%	-4.5%
Earnings yield	0.4%	-0.4%	1.7%	1.8%	0.6%	-7.1%	11.5%	5.3%
Enterprise value	₹23.8B	₹14.2B	₹15.2B	₹6.1B	₹7.3B	₹3.9B	₹1.5B	₹5.5B
Net debt / EBITDA	-9.65×	-38.49×	-3.01×	-13.73×	-2.96×	0.97×	-2.41×	-3.7×
Cash conversion cycle (days)	131	103	49	151	76	331	189	170