Doms Industries Limited (DOMS.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

-31.7%

₹1,275.93

vs ₹1,867.10 price

Levered DCF

₹264.27

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

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
P/E	60.6×	82.25×	59.28×	83.98×	559.51×	-889.97×	206.87×
P/B	11.44×	16.61×	11.15×	23.85×	32.55×	34.45×	30.98×
P/S	6×	8.75×	5.93×	6.66×	11.83×	20.1×	11.41×
EV / EBITDA	33.31×	44.95×	32.58×	42.88×	113.98×	230.51×	98.8×
Gross margin	25.7%	41.6%	40.0%	35.2%	34.9%	36.9%	40.4%
Operating margin	13.5%	14.7%	14.5%	12.1%	4.9%	-1.2%	7.8%
Net margin	9.9%	10.6%	10.0%	7.9%	2.1%	-2.3%	5.5%
Current ratio	2.17×	2.68×	2.99×	1.22×	1.23×	1.16×	1.31×
Debt / equity	0.12×	0.21×	0.21×	0.41×	0.5×	0.57×	0.24×
Interest coverage	29.11×	18.58×	12.93×	12.3×	3.23×	-0.54×	0×
Dividend yield	0.1%	0.1%	0.1%	0.1%	0.0%	0.0%	0.0%
Payout ratio	8.3%	7.5%	6.1%	5.8%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	18.9%	20.2%	18.8%	28.4%	5.8%	-3.9%	15.0%
Return on invested capital	15.7%	15.7%	16.0%	21.5%	6.1%	-1.0%	12.9%
Return on assets	13.4%	13.3%	12.9%	15.0%	2.9%	-2.0%	9.0%
Free cash flow yield	-0.3%	-0.2%	0.3%	0.5%	0.2%	-0.1%	-0.3%
Earnings yield	1.7%	1.2%	1.7%	1.2%	0.2%	-0.1%	0.5%
Enterprise value	₹140.3B	₹166.4B	₹91.9B	₹81.5B	₹81.6B	₹81.6B	₹75.1B
Net debt / EBITDA	0.19×	-0.04×	0.41×	0.56×	1.59×	3.14×	0.71×
Cash conversion cycle (days)	79	87	69	57	91	96	81