Dhabriya Polywood Limited (DHABRIYA.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

+117.9%

₹971.71

vs ₹446.00 price

Levered DCF

-₹48.18

After debt service

Piotroski score

3 / 9

Weak

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	10.27×	20.65×	20.63×	15.94×	18.1×	12.11×	6.61×	14.01×
P/B	2.39×	3.73×	3.53×	1.97×	1.53×	0.98×	0.58×	1.69×
P/S	1.17×	1.58×	1.37×	0.79×	0.69×	0.51×	0.26×	0.65×
EV / EBITDA	6.77×	10.98×	10.79×	10.01×	10.08×	7.35×	4.77×	7.61×
Gross margin	31.8%	47.5%	34.9%	29.5%	29.2%	33.4%	44.7%	35.2%
Operating margin	16.9%	12.3%	11.4%	8.7%	21.2%	9.5%	9.9%	10.3%
Net margin	11.4%	7.7%	6.7%	5.0%	3.8%	4.2%	3.9%	4.6%
Current ratio	1.82×	1.82×	1.51×	1.68×	1.67×	1.69×	1.52×	1.52×
Debt / equity	0.59×	0.53×	0.64×	0.83×	0.89×	0.88×	0.87×	1.02×
Interest coverage	8.24×	5.95×	4.74×	3.7×	7.31×	2.32×	2.24×	2.5×
Dividend yield	0.2%	0.1%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	2.5%	3.0%	3.8%	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	23.3%	18.0%	17.1%	12.3%	8.4%	8.1%	8.7%	12.0%
Return on invested capital	15.6%	13.4%	12.5%	8.9%	18.2%	6.9%	8.1%	9.2%
Return on assets	13.4%	10.0%	8.6%	5.8%	3.9%	3.8%	3.9%	4.9%
Free cash flow yield	-7.6%	1.4%	3.9%	0.8%	2.8%	-1.9%	25.6%	3.9%
Earnings yield	9.7%	4.8%	4.8%	6.3%	5.5%	8.3%	15.1%	7.1%
Enterprise value	₹3.8B	₹4.2B	₹3.4B	₹1.9B	₹1.4B	₹1B	₹702.7M	₹1.2B
Net debt / EBITDA	1.25×	1.21×	1.48×	2.78×	3.52×	3.39×	2.8×	2.75×
Cash conversion cycle (days)	184	180	144	175	204	243	220	184