Dhanalaxmi Roto Spinners Limited (DHANROTO.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

+1179.1%

₹864.66

vs ₹67.60 price

Levered DCF

₹685.15

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 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	8.28×	9.56×	5.34×	4.22×	4.34×	3.22×	2.17×	2.25×
P/B	0.91×	0.72×	0.71×	0.39×	0.53×	0.29×	0.11×	0.18×
P/S	0.21×	0.22×	0.18×	0.07×	0.13×	0.09×	0.03×	0.03×
EV / EBITDA	3.44×	2.93×	1.28×	1.3×	1.43×	1.41×	1.76×	1.63×
Gross margin	4.6%	8.2%	8.4%	6.3%	11.8%	12.7%	8.6%	7.8%
Operating margin	0.5%	3.0%	4.0%	2.3%	6.5%	6.4%	2.3%	2.5%
Net margin	2.5%	4.6%	6.6%	3.3%	6.1%	5.6%	2.7%	2.7%
Current ratio	2.56×	2.51×	2.45×	2.33×	2.41×	2.26×	2.02×	1.44×
Debt / equity	0.03×	0.12×	0.03×	0.07×	0.06×	0.21×	0.18×	0.27×
Interest coverage	1.44×	5.75×	9.03×	5.88×	9.16×	6.21×	3.13×	4.36×
Dividend yield	2.1%	1.4%	1.4%	2.8%	0.0%	0.0%	0.0%	0.0%
Payout ratio	17.0%	6.8%	3.7%	5.9%	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	11.0%	15.0%	26.7%	18.3%	24.4%	17.8%	10.3%	15.7%
Return on invested capital	1.6%	6.5%	11.5%	8.3%	16.5%	11.4%	5.6%	8.2%
Return on assets	6.8%	9.4%	16.2%	11.0%	15.0%	10.5%	6.0%	7.7%
Free cash flow yield	29.6%	-16.1%	66.1%	12.6%	-1.0%	92.0%	84.4%	107.1%
Earnings yield	12.1%	20.9%	37.5%	47.4%	46.0%	62.1%	92.3%	89.1%
Enterprise value	₹352.6M	₹375.3M	₹239.3M	₹135.4M	₹167.5M	₹93.7M	₹53.2M	₹67.1M
Net debt / EBITDA	-2.11×	-0.26×	-0.59×	-0.05×	0.07×	0.43×	1.07×	0.91×
Cash conversion cycle (days)	-3	22	-3	27	35	26	18	7