Ddev Plastiks Industries Limited (DDEVPLSTIK.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

+38.2%

₹349.70

vs ₹253.00 price

Levered DCF

₹180.61

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	9.7×	14.68×	14.8×	25.84×	49.14×	-81.75×
P/B	1.93×	3.26×	4.08×	5.44×	6.86×	43.99×
P/S	0.66×	1.05×	1.11×	1.07×	1.21×	0×
EV / EBITDA	6.15×	9.72×	9.74×	17.04×	23.22×	0×
Gross margin	15.6%	18.0%	19.1%	13.9%	12.9%	0.0%
Operating margin	9.1%	9.9%	10.2%	5.9%	5.4%	0.0%
Net margin	6.8%	7.1%	7.5%	4.2%	2.5%	0.0%
Current ratio	2.7×	3.01×	2.42×	1.72×	1.39×	1.08×
Debt / equity	0.06×	0.06×	0.1×	0.11×	0.33×	12.31×
Interest coverage	9.32×	17.25×	15.24×	5.84×	3.56×	0×
Dividend yield	1.2%	0.4%	0.6%	0.1%	0.0%	0.0%
Payout ratio	11.5%	5.6%	8.5%	2.2%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	19.9%	22.2%	27.5%	21.1%	14.0%	-53.8%
Return on invested capital	18.0%	20.9%	24.5%	19.1%	16.0%	0.0%
Return on assets	14.0%	16.1%	18.3%	11.4%	5.9%	-4.0%
Free cash flow yield	-1.9%	2.9%	3.5%	4.3%	0.3%	-1.0%
Earnings yield	10.3%	6.8%	6.8%	3.9%	2.0%	-1.2%
Enterprise value	₹19.7B	₹27.3B	₹26.8B	₹27.4B	₹28.1B	₹2.8M
Net debt / EBITDA	0.04×	0.01×	-0.04×	0.31×	1.02×	0×
Cash conversion cycle (days)	84	73	65	41	43	0