Dollar Industries Limited (DOLLAR.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

-45.6%

₹133.80

vs ₹246.00 price

Levered DCF

-₹61.94

After debt service

Piotroski score

4 / 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	11.79×	24.56×	32.27×	37.56×	21.23×	15.32×	10.84×	22.49×
P/B	1.34×	2.61×	3.73×	2.79×	4.65×	2.44×	1.35×	3.98×
P/S	0.67×	1.31×	1.85×	1.42×	2.33×	1.26×	0.65×	1.61×
EV / EBITDA	7.55×	13.61×	20×	22.03×	14.86×	10.24×	7.76×	13.64×
Gross margin	24.7%	33.2%	23.5%	26.0%	30.9%	29.2%	25.8%	30.8%
Operating margin	8.5%	8.5%	9.0%	6.0%	15.4%	12.0%	9.4%	12.3%
Net margin	5.7%	5.3%	5.7%	3.8%	11.0%	8.2%	6.0%	7.2%
Current ratio	2.31×	2.09×	2.08×	2.47×	2.2×	2.48×	2.05×	1.88×
Debt / equity	0.31×	0.4×	0.41×	0.25×	0.32×	0.24×	0.47×	0.54×
Interest coverage	6.55×	5.15×	7.21×	5.89×	21.44×	13.71×	5.52×	7.7×
Dividend yield	1.3%	0.8%	0.6%	0.9%	0.4%	0.7%	1.6%	0.5%
Payout ratio	15.8%	18.7%	18.9%	32.4%	9.3%	11.3%	16.8%	12.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.3%	10.6%	11.5%	7.4%	21.9%	15.9%	12.4%	17.7%
Return on invested capital	9.6%	8.9%	9.5%	7.5%	17.2%	13.8%	9.8%	13.3%
Return on assets	7.0%	6.2%	6.7%	4.9%	13.2%	10.2%	7.0%	9.1%
Free cash flow yield	5.8%	0.8%	-3.6%	4.1%	-1.9%	8.4%	4.9%	-0.7%
Earnings yield	8.5%	4.1%	3.1%	2.7%	4.7%	6.5%	9.2%	4.4%
Enterprise value	₹15.6B	₹25.8B	₹32.3B	₹21.5B	₹33.4B	₹14.3B	₹8.3B	₹18.6B
Net debt / EBITDA	1.41×	1.81×	1.98×	1.8×	0.95×	0.88×	1.96×	1.49×
Cash conversion cycle (days)	194	227	217	217	222	213	232	215