Cosco (India) Limited (COSCO.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

-30.3%

₹126.15

vs ₹181.00 price

Levered DCF

₹155.68

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

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	69.09×	137.77×	33.56×	95.79×	45.7×	9.35×	14.06×	23.37×
P/B	1.34×	2.15×	2.16×	1.4×	1.91×	0.96×	0.65×	1.88×
P/S	0.37×	0.62×	0.61×	0.43×	0.65×	0.29×	0.19×	0.53×
EV / EBITDA	18.87×	19.34×	13.33×	14.93×	15.66×	7.5×	8.52×	11.55×
Gross margin	21.7%	36.9%	33.3%	31.8%	30.1%	29.2%	15.6%	14.6%
Operating margin	2.3%	3.2%	5.2%	3.6%	4.9%	7.2%	4.5%	22.6%
Net margin	0.5%	0.5%	1.8%	0.4%	1.4%	3.1%	1.4%	2.3%
Current ratio	1.88×	1.9×	1.96×	2×	2.09×	2.11×	2.06×	2.1×
Debt / equity	1.21×	1.24×	1.14×	1.16×	1.12×	1.1×	1.09×	1.21×
Interest coverage	0.91×	1.09×	1.75×	1.07×	1.42×	2.59×	1.37×	7.06×
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	1.9%	1.5%	6.4%	1.5%	4.2%	10.3%	4.6%	8.1%
Return on invested capital	3.8%	3.2%	5.8%	4.1%	5.2%	8.1%	5.9%	23.1%
Return on assets	0.8%	0.6%	2.6%	0.6%	1.7%	4.3%	1.8%	3.2%
Free cash flow yield	4.3%	4.4%	-0.1%	3.0%	5.1%	5.1%	10.8%	4.4%
Earnings yield	1.4%	0.7%	3.0%	1.0%	2.2%	10.7%	7.1%	4.3%
Enterprise value	₹1.3B	₹1.7B	₹1.6B	₹1.2B	₹1.4B	₹881.6M	₹679.1M	₹1.1B
Net debt / EBITDA	8.73×	7.07×	4.58×	6.73×	5.59×	3.92×	5.34×	4.35×
Cash conversion cycle (days)	234	314	283	301	304	250	226	230