Cravatex Limited (CRAVATEX.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

+148.6%

₹778.28

vs ₹313.05 price

Levered DCF

₹603.22

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	11.6×	17.47×	23.61×	1.4×	-4.69×	-2.45×	-17.76×	7.24×
P/B	0.66×	0.79×	1.15×	0.9×	-1.87×	-2.65×	-81.8×	3.9×
P/S	0.52×	0.49×	0.56×	0.16×	0.16×	0.14×	0.1×	0.11×
EV / EBITDA	0.21×	1.39×	5.12×	0.32×	21.58×	110.8×	9.42×	6.55×
Gross margin	27.1%	39.1%	16.2%	12.9%	30.3%	31.3%	20.0%	20.2%
Operating margin	-5.2%	-1.8%	-4.6%	-9.0%	-3.1%	-5.2%	1.0%	3.1%
Net margin	4.5%	2.8%	2.4%	11.7%	-3.3%	-5.8%	-0.5%	1.5%
Current ratio	5.62×	4.22×	5.11×	2.95×	1.43×	1.39×	1.4×	1.32×
Debt / equity	0×	0.02×	0.03×	0.02×	-3.79×	-6.48×	-193.49×	5.66×
Interest coverage	-22.19×	-7.67×	-22.85×	-3.28×	-1.29×	-1.87×	0.63×	3.96×
Dividend yield	4.1%	0.9%	0.3%	0.9%	0.8%	0.3%	1.4%	0.3%
Payout ratio	47.5%	16.1%	8.0%	1.3%	-3.9%	-0.8%	-25.3%	2.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	4.5%	4.9%	63.8%	40.0%	108.2%	460.6%	53.9%
Return on invested capital	-5.1%	-2.2%	-7.1%	-47.7%	-8.0%	-11.2%	3.1%	9.8%
Return on assets	4.6%	3.4%	3.9%	43.1%	-5.5%	-7.9%	-1.1%	3.6%
Free cash flow yield	3.8%	1.4%	15.8%	173.6%	-9.9%	-8.7%	28.6%	-13.6%
Earnings yield	8.6%	5.7%	4.2%	71.3%	-21.3%	-40.9%	-5.6%	13.8%
Enterprise value	₹22.4M	₹114.6M	₹431.8M	₹285.7M	₹2.4B	₹2.2B	₹2.4B	₹1.9B
Net debt / EBITDA	-7.34×	-8.83×	-8.39×	-0.61×	13.33×	73.54×	6.17×	3.82×
Cash conversion cycle (days)	89	49	29	27	130	160	92	115