Deepak Chemtex Ltd. (DEEPAKCHEM.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

-56.5%

₹39.96

vs ₹91.90 price

Levered DCF

-₹30.05

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

6.85

Safe zone

Rating

A-

Overall 4 / 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	8.91×	9.48×	10.6×	20.2×	30.11×	48.36×
P/B	1.16×	2.15×	1.51×	8.12×	13.58×	24.67×
P/S	1.09×	1.49×	1.27×	2.73×	2.36×	4.35×
EV / EBITDA	4.9×	6×	5.23×	15.1×	20.9×	29.98×
Gross margin	25.4%	42.0%	41.1%	24.9%	18.4%	22.0%
Operating margin	12.9%	18.0%	34.2%	17.0%	10.4%	12.6%
Net margin	12.2%	15.7%	12.0%	13.5%	7.8%	9.0%
Current ratio	4.45×	3.29×	4.98×	2.44×	1.92×	1.53×
Debt / equity	0.01×	0.02×	0.04×	0.09×	0.21×	0.31×
Interest coverage	64.83×	136.12×	481.4×	116.24×	59.3×	48.19×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	13.0%	22.7%	14.2%	40.2%	45.1%	51.0%
Return on invested capital	9.9%	19.0%	28.2%	32.5%	33.7%	36.7%
Return on assets	11.1%	17.8%	11.7%	26.5%	24.7%	23.8%
Free cash flow yield	-7.3%	-4.4%	-3.3%	1.0%	-0.1%	0.0%
Earnings yield	11.2%	10.5%	9.4%	5.0%	3.3%	2.1%
Enterprise value	₹701.7M	₹1.1B	₹451.3M	₹1.3B	₹1.3B	₹1.3B
Net debt / EBITDA	-0.23×	-0.25×	-2.11×	0.04×	0.25×	0.33×
Cash conversion cycle (days)	180	134	142	108	64	57