Deep Polymers Limited (DEEP.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

+512.6%

₹245.05

vs ₹40.00 price

Levered DCF

₹355.79

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C+

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	4.07×	18.6×	29.84×	20.71×	17.62×	89.39×	106.15×	48.25×
P/B	0.26×	1.08×	2.5×	2.91×	3.38×	5.98×	5.8×	6.79×
P/S	0.28×	0.99×	2.03×	1.63×	1.42×	4.1×	4.96×	4.04×
EV / EBITDA	2.84×	8.03×	16.63×	13.94×	11.98×	56.5×	55.09×	57.02×
Gross margin	13.1%	13.3%	18.9%	19.1%	19.9%	15.6%	21.1%	9.8%
Operating margin	6.6%	7.2%	10.5%	11.3%	12.1%	4.8%	6.4%	7.4%
Net margin	6.9%	5.3%	6.8%	7.8%	8.1%	4.6%	4.7%	8.4%
Current ratio	3.47×	2.9×	3.59×	4.94×	7.88×	5.39×	10.05×	5.84×
Debt / equity	0.29×	0.37×	0.42×	0.76×	0.82×	0×	0.04×	0.21×
Interest coverage	3.48×	3.49×	3.86×	6.19×	27.22×	64.02×	4.86×	6.74×
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	6.4%	5.8%	8.4%	14.0%	19.2%	6.7%	5.4%	14.1%
Return on invested capital	3.5%	3.8%	7.9%	8.0%	11.5%	5.3%	5.2%	7.5%
Return on assets	4.6%	3.8%	5.3%	7.2%	9.6%	5.8%	5.0%	10.9%
Free cash flow yield	24.8%	-5.0%	6.1%	-2.6%	-7.3%	0.6%	1.4%	-4.0%
Earnings yield	24.6%	5.3%	3.4%	4.8%	5.7%	1.1%	0.9%	2.1%
Enterprise value	₹532.7M	₹1.3B	₹2.4B	₹2.4B	₹2.4B	₹1.6B	₹1.6B	₹1.7B
Net debt / EBITDA	1.37×	2.07×	2.03×	2.81×	2.21×	-0.44×	0.27×	1.61×
Cash conversion cycle (days)	149	148	148	215	192	162	262	227