Dhanlaxmi Crop Science Ltd. (DHANLAXMI.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

-341.3%

-₹66.95

vs ₹27.75 price

Levered DCF

-₹110.47

After debt service

Piotroski score

—

Altman Z-score

—

Rating

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
P/E	-75.5×	9.59×	38.22×	59.95×	304.72×
P/B	0.82×	1.81×	11.11×	15.72×	29.02×
P/S	0.97×	0.64×	2.81×	3.84×	5.06×
EV / EBITDA	44.52×	6.07×	26.03×	39.71×	121.92×
Gross margin	22.4%	16.1%	19.1%	18.4%	15.6%
Operating margin	1.3%	9.4%	10.4%	9.2%	3.8%
Net margin	-1.3%	6.7%	7.3%	6.4%	1.6%
Current ratio	3.78×	2.25×	1.88×	2.99×	1.98×
Debt / equity	0.23×	0.16×	0.06×	0.23×	1.48×
Interest coverage	0.52×	18.74×	32.15×	23.21×	2.54×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-1.1%	18.9%	29.0%	26.3%	9.4%
Return on invested capital	0.9%	16.5%	27.0%	21.5%	6.3%
Return on assets	-0.8%	10.5%	13.4%	15.0%	2.8%
Free cash flow yield	-42.8%	-17.0%	-0.2%	3.5%	1.1%
Earnings yield	-1.3%	10.4%	2.6%	1.7%	0.3%
Enterprise value	₹463M	₹765.6M	₹1.8B	₹1.8B	₹1.9B
Net debt / EBITDA	8.83×	-0.53×	-0.01×	-0.14×	5.02×
Cash conversion cycle (days)	587	126	115	106	150