Deco-Mica Limited (DECOMIC.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

+87.7%

₹109.37

vs ₹58.27 price

Levered DCF

-₹5.53

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.88

Grey zone

Rating

C+

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	32.29×	12.73×	11.55×	10.66×	8.51×	7.75×	5.26×	6.44×
P/B	0.81×	0.92×	1.07×	1.07×	0.84×	0.55×	0.26×	0.56×
P/S	0.33×	0.33×	0.35×	0.32×	0.25×	0.19×	0.09×	0.18×
EV / EBITDA	8.82×	8.23×	7.05×	6.79×	7.14×	6.42×	5.73×	5.8×
Gross margin	42.1%	40.7%	40.3%	40.0%	36.0%	34.1%	37.9%	34.6%
Operating margin	3.5%	25.9%	22.9%	6.3%	6.5%	19.6%	19.1%	5.3%
Net margin	1.0%	2.6%	3.0%	3.0%	2.9%	2.5%	1.8%	2.8%
Current ratio	1.34×	1.35×	1.37×	1.35×	1.32×	1.41×	1.23×	1.26×
Debt / equity	0.84×	0.78×	0.84×	0.78×	1×	1.01×	0.97×	0.9×
Interest coverage	1.07×	8.14×	7.73×	2.04×	3.61×	7.13×	7.68×	2.13×
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	2.5%	7.2%	9.2%	10.0%	9.8%	7.2%	5.0%	8.7%
Return on invested capital	2.6%	24.6%	24.2%	7.9%	7.5%	18.0%	19.5%	6.6%
Return on assets	0.8%	2.5%	3.3%	3.6%	3.3%	2.7%	1.7%	2.9%
Free cash flow yield	0.2%	13.2%	-2.9%	11.7%	-11.2%	-20.0%	-45.5%	-29.1%
Earnings yield	3.1%	7.9%	8.7%	9.4%	11.8%	12.9%	19.0%	15.5%
Enterprise value	₹453.6M	₹450.3M	₹474.7M	₹421.4M	₹378M	₹290.3M	₹212M	₹237.2M
Net debt / EBITDA	4.48×	3.7×	3.09×	2.87×	3.89×	4.15×	4.5×	3.57×
Cash conversion cycle (days)	311	255	237	203	225	245	201	155