Deccan Cements Limited (DECCANCE.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

-673.8%

-₹2,682.08

vs ₹467.45 price

Levered DCF

-₹3,488.09

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	26.74×	148.61×	23.41×	11.82×	8.89×	5.05×	4.85×	13.11×
P/B	1.02×	1.55×	1.21×	0.85×	1.21×	1.03×	0.61×	1.49×
P/S	1.2×	2.12×	1.09×	0.75×	0.99×	0.77×	0.49×	0.93×
EV / EBITDA	14.68×	32.72×	12.62×	5.97×	3.99×	2.26×	3.25×	4.91×
Gross margin	38.9%	49.5%	32.2%	55.4%	51.3%	62.2%	56.2%	90.2%
Operating margin	6.5%	1.7%	8.3%	9.2%	17.4%	20.2%	10.5%	11.7%
Net margin	4.5%	1.4%	4.7%	6.3%	11.1%	15.2%	10.2%	7.1%
Current ratio	0.83×	1.17×	1.46×	1.58×	1.8×	2×	1.85×	2.66×
Debt / equity	1×	0.99×	0.72×	0.39×	0.26×	0.17×	0.21×	0.11×
Interest coverage	1.5×	0.7×	6.05×	5.75×	13.34×	23.58×	8.34×	9.74×
Dividend yield	0.1%	0.4%	0.6%	1.2%	0.9%	0.0%	4.8%	0.8%
Payout ratio	2.9%	55.9%	14.1%	14.2%	8.0%	0.0%	23.1%	11.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.8%	1.0%	5.2%	7.2%	13.6%	20.4%	12.6%	11.3%
Return on invested capital	2.2%	0.4%	3.5%	5.3%	11.8%	15.7%	9.6%	8.6%
Return on assets	1.7%	0.5%	2.6%	4.3%	8.9%	13.4%	8.0%	7.4%
Free cash flow yield	-19.0%	-28.3%	-26.9%	-30.9%	4.8%	15.7%	-19.4%	6.6%
Earnings yield	3.7%	0.7%	4.3%	8.5%	11.3%	19.8%	20.6%	7.6%
Enterprise value	₹14.3B	₹16.9B	₹11.6B	₹6.4B	₹6.5B	₹4.2B	₹2.5B	₹5.2B
Net debt / EBITDA	6.82×	11.05×	3.15×	0.5×	-0.81×	-0.88×	-0.26×	-0.83×
Cash conversion cycle (days)	75	123	65	75	59	45	98	358