Cranex Limited (CRANEX.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

-173.9%

-₹69.48

vs ₹94.00 price

Levered DCF

-₹112.24

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	17.06×	27.54×	22.57×	60.53×	46.64×	47.42×	47.82×	53.68×
P/B	1.54×	2.16×	3.13×	3.67×	3.73×	4.03×	4.41×	4.85×
P/S	0.74×	1.01×	0.54×	0.83×	0.85×	0.96×	0.96×	1.1×
EV / EBITDA	13.64×	15.81×	20.86×	24.99×	23.55×	34.37×	32.29×	34.35×
Gross margin	24.6%	40.7%	30.0%	37.8%	37.1%	25.9%	23.0%	21.2%
Operating margin	7.7%	7.4%	4.2%	6.6%	10.3%	7.4%	3.0%	4.2%
Net margin	4.4%	3.8%	2.4%	1.4%	1.8%	2.0%	2.0%	2.0%
Current ratio	1.67×	1.6×	1.17×	1.17×	2.8×	2×	2.39×	2.2×
Debt / equity	0.79×	0.82×	2.51×	2.59×	2.5×	2.35×	2.58×	2.63×
Interest coverage	2.73×	2.22×	1.8×	2.38×	3.38×	5.47×	1.06×	1.49×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.0%	8.0%	13.9%	6.1%	8.0%	8.5%	9.2%	9.0%
Return on invested capital	6.5%	6.5%	4.7%	3.8%	10.2%	7.5%	3.1%	3.9%
Return on assets	4.1%	3.4%	2.7%	1.1%	1.6%	1.5%	1.7%	1.7%
Free cash flow yield	-7.6%	-3.6%	-4.9%	1.9%	-10.1%	4.8%	-4.7%	-9.3%
Earnings yield	5.9%	3.7%	4.4%	1.7%	2.2%	2.1%	2.1%	1.9%
Enterprise value	₹619.9M	₹721.3M	₹608.7M	₹582.1M	₹565.5M	₹536.6M	₹537.6M	₹523.7M
Net debt / EBITDA	4.58×	4.36×	9.27×	10.33×	9.33×	12.5×	11.79×	11.96×
Cash conversion cycle (days)	233	231	154	218	176	150	162	165