Deep Industries Limited (DEEPINDS.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

-566.7%

-₹2,928.51

vs ₹627.45 price

Levered DCF

₹353.05

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	15.31×	-34.95×	16.09×	6.96×	10.12×	1.76×	3.66×	8.4×
P/B	1.38×	1.73×	1.38×	0.63×	0.65×	0.11×	0.11×	0.12×
P/S	3.09×	5.47×	4.67×	2.52×	2.27×	0.59×	0.44×	0.36×
EV / EBITDA	19.77×	259.29×	10.81×	4.73×	6.28×	1.56×	1.51×	1.32×
Gross margin	39.7%	58.8%	38.1%	37.8%	37.2%	4.0%	19.7%	25.4%
Operating margin	9.9%	-9.7%	31.7%	45.7%	29.0%	-3.3%	14.7%	17.8%
Net margin	20.2%	-15.6%	29.0%	36.2%	22.4%	33.4%	11.9%	4.3%
Current ratio	2.69×	3.01×	3.05×	4.69×	4.56×	3.5×	3.8×	2.4×
Debt / equity	0.1×	0.11×	0.11×	0.05×	0.03×	0.04×	0.08×	0.1×
Interest coverage	4.98×	-4.73×	16.01×	29.85×	19.54×	-0.69×	3.61×	4.69×
Dividend yield	0.7%	0.5%	0.6%	0.7%	0.6%	0.0%	5.1%	5.1%
Payout ratio	10.8%	-17.3%	9.6%	4.8%	6.2%	0.0%	18.6%	42.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.0%	-5.0%	8.6%	9.0%	6.4%	6.1%	3.1%	1.4%
Return on invested capital	3.7%	-2.6%	6.3%	8.5%	6.1%	3.7%	3.2%	1.5%
Return on assets	6.9%	-3.8%	6.5%	7.8%	5.7%	5.5%	2.5%	1.1%
Free cash flow yield	0.9%	-0.0%	-1.8%	-2.9%	3.3%	67.0%	-21.7%	80.0%
Earnings yield	6.5%	-2.9%	6.2%	14.4%	9.9%	56.9%	27.3%	11.9%
Enterprise value	₹29.1B	₹33B	₹21.2B	₹9.1B	₹7.5B	₹1.4B	₹1.9B	₹2B
Net debt / EBITDA	1.02×	12.1×	0.67×	0.26×	0.17×	0.25×	0.62×	0.58×
Cash conversion cycle (days)	198	354	248	256	157	256	199	131