Diana Tea Company Limited (DIANATEA.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

-291.9%

-₹52.78

vs ₹27.51 price

Levered DCF

-₹47.74

After debt service

Piotroski score

2 / 9

Weak

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	19.67×	-9.47×	169.56×	-12.75×	6.02×	5.06×	20.97×	-18.99×
P/B	0.52×	0.67×	0.59×	0.47×	0.62×	0.38×	0.16×	0.38×
P/S	0.39×	0.61×	0.56×	0.42×	0.59×	0.35×	0.16×	0.36×
EV / EBITDA	11.06×	108.56×	13.62×	86.94×	5.06×	4.44×	7.85×	23.04×
Gross margin	33.9%	94.5%	30.1%	87.0%	92.0%	84.6%	86.7%	79.4%
Operating margin	2.4%	-8.1%	1.0%	-4.2%	11.6%	11.7%	32.8%	-2.0%
Net margin	2.0%	-6.5%	0.3%	-3.3%	9.8%	6.8%	0.8%	-1.9%
Current ratio	0.78×	0.81×	0.99×	1.03×	1.31×	1.31×	1.05×	1.27×
Debt / equity	0.68×	0.68×	0.46×	0.51×	0.28×	0.35×	0.39×	0.32×
Interest coverage	0.69×	-1.61×	0.28×	-1.52×	4.99×	3.73×	8.86×	-0.7×
Dividend yield	0.0%	0.0%	0.0%	2.3%	1.7%	0.0%	0.0%	1.8%
Payout ratio	0.3%	-0.1%	4.1%	-30.0%	10.2%	0.0%	0.0%	-34.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.7%	-7.1%	0.3%	-3.7%	10.2%	7.4%	0.8%	-2.0%
Return on invested capital	1.9%	-5.0%	0.3%	-2.4%	8.3%	7.5%	23.9%	-1.2%
Return on assets	1.4%	-3.9%	0.2%	-2.2%	7.2%	4.9%	0.5%	-1.3%
Free cash flow yield	5.9%	-21.2%	-5.2%	-5.1%	16.6%	1.0%	5.8%	-8.1%
Earnings yield	5.1%	-10.6%	0.6%	-7.8%	16.6%	19.8%	4.8%	-5.3%
Enterprise value	₹727.4M	₹842.9M	₹719.1M	₹640.9M	₹593.6M	₹431.4M	₹326.3M	₹403.6M
Net debt / EBITDA	5.81×	52.65×	5.92×	43.64×	1.3×	1.93×	5.51×	10.2×
Cash conversion cycle (days)	106	553	144	264	311	127	139	124