Colgate-Palmolive (India) Limited (COLPAL.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

+9.5%

₹1,779.12

vs ₹1,625.00 price

Levered DCF

₹1,571.30

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

16.3

Safe zone

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	36.71×	44.49×	55.81×	39.15×	38.9×	40.96×	41.73×	44.12×
P/B	30.71×	38.41×	39.41×	23.89×	24.18×	36.38×	21.37×	23.65×
P/S	8.06×	10.66×	13.09×	7.9×	8.28×	8.77×	7.54×	7.68×
EV / EBITDA	24.42×	30.2×	37.31×	25.33×	25.94×	27.41×	27×	26.01×
Gross margin	59.3%	64.4%	64.0%	60.0%	62.2%	62.5%	82.4%	83.8%
Operating margin	28.6%	30.0%	30.6%	26.5%	27.4%	27.6%	22.6%	24.2%
Net margin	22.0%	24.0%	23.5%	20.2%	21.3%	21.4%	18.1%	17.4%
Current ratio	1.28×	1.38×	1.54×	1.43×	1.37×	0.85×	1.16×	0.96×
Debt / equity	0.03×	0.04×	0.04×	0.04×	0.05×	0.08×	0.06×	0.06×
Interest coverage	454.78×	416.23×	346.19×	279.67×	235.86×	183.84×	106.04×	431.58×
Dividend yield	2.9%	2.5%	1.6%	2.6%	2.5%	2.2%	2.5%	1.9%
Payout ratio	104.7%	113.2%	88.2%	101.0%	98.0%	89.0%	103.3%	83.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	83.7%	86.3%	70.6%	61.0%	62.2%	88.8%	51.2%	53.6%
Return on invested capital	76.3%	76.2%	65.7%	56.6%	58.0%	79.3%	46.0%	46.2%
Return on assets	38.9%	47.6%	41.4%	36.3%	37.2%	35.8%	31.4%	29.5%
Free cash flow yield	3.7%	2.1%	1.5%	2.7%	3.8%	1.7%	2.4%	2.5%
Earnings yield	2.7%	2.2%	1.8%	2.6%	2.6%	2.4%	2.4%	2.3%
Enterprise value	₹472.3B	₹633.2B	₹730.5B	₹402.6B	₹413.1B	₹422.1B	₹337.8B	₹339.3B
Net debt / EBITDA	-0.74×	-0.29×	-0.42×	-0.46×	-0.4×	-0.13×	-0.24×	-0.23×
Cash conversion cycle (days)	-137	-79	-94	-64	-63	-77	-134	-166