Deepak Fertilisers And Petrochemicals Corporation Limited (DEEPAKFERT.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

-59.0%

₹461.57

vs ₹1,124.80 price

Levered DCF

-₹1,208.55

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	15.57×	14.9×	14.56×	5.62×	9.29×	5.46×	7.61×	16.61×
P/B	1.68×	2.23×	1.22×	1.34×	1.62×	0.81×	0.3×	0.56×
P/S	1×	1.65×	0.93×	0.78×	0.96×	0.43×	0.14×	0.17×
EV / EBITDA	9.3×	8.82×	7.53×	4.58×	6.34×	4.78×	6.5×	8.06×
Gross margin	21.4%	19.5%	15.1%	10.5%	21.6%	24.0%	34.2%	25.3%
Operating margin	11.0%	18.5%	13.7%	22.9%	17.8%	14.6%	6.4%	4.7%
Net margin	6.4%	11.1%	6.4%	13.9%	10.3%	7.8%	1.9%	1.0%
Current ratio	1.36×	1.19×	1.36×	1.56×	1.36×	1.22×	0.96×	0.93×
Debt / equity	0.83×	0.67×	0.77×	0.73×	0.68×	0.96×	1.38×	1.45×
Interest coverage	3.57×	3.77×	2.41×	10.25×	7.63×	3.98×	1.23×	1.37×
Dividend yield	1.1%	0.8%	1.9%	1.6%	1.3%	1.2%	4.8%	5.2%
Payout ratio	17.0%	11.5%	27.9%	9.0%	12.0%	6.6%	36.2%	86.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.8%	15.0%	8.4%	23.9%	17.5%	14.8%	4.0%	3.4%
Return on invested capital	6.8%	11.4%	6.9%	14.9%	11.7%	9.4%	4.9%	4.0%
Return on assets	4.5%	7.1%	3.8%	10.6%	7.8%	5.6%	1.3%	1.0%
Free cash flow yield	-16.3%	5.3%	-2.3%	-10.5%	3.5%	46.2%	19.5%	50.0%
Earnings yield	6.4%	6.7%	6.9%	17.8%	10.8%	18.3%	13.1%	6.0%
Enterprise value	₹166.1B	₹176.2B	₹105.1B	₹102.2B	₹88B	₹46.2B	₹35.2B	₹41.2B
Net debt / EBITDA	2.87×	1.86×	2.81×	1.53×	1.8×	2.52×	5.27×	5.76×
Cash conversion cycle (days)	57	35	74	53	12	6	27	33