D. P. Abhushan Limited (DPABHUSHAN.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

-91.3%

₹162.73

vs ₹1,865.00 price

Levered DCF

-₹375.84

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

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	10.15×	28.05×	30.76×	15.22×	20.58×	9.55×	8.09×	9.13×
P/B	3.4×	7.83×	7.97×	3.81×	6.03×	2.69×	1.95×	2.04×
P/S	0.53×	0.96×	0.81×	0.35×	0.48×	0.21×	0.17×	0.13×
EV / EBITDA	7.97×	19.05×	20.35×	10.55×	13.27×	8.42×	6.6×	7.14×
Gross margin	9.0%	8.0%	6.4%	4.9%	6.3%	6.4%	7.1%	5.8%
Operating margin	7.2%	7.1%	4.2%	3.9%	5.6%	3.9%	4.0%	5.3%
Net margin	5.2%	3.4%	2.6%	2.3%	2.3%	2.3%	2.1%	1.5%
Current ratio	2.14×	1.84×	1.72×	1.81×	1.52×	1.28×	1.77×	1.57×
Debt / equity	0.48×	0.46×	0.72×	0.7×	1.23×	1.74×	1.44×	1.87×
Interest coverage	18.11×	16.35×	8.39×	6.76×	6.33×	4.42×	3.4×	4.43×
Dividend yield	0.0%	0.0%	0.1%	0.3%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.1%	3.5%	4.9%	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	33.5%	27.9%	25.9%	25.0%	29.3%	28.2%	24.1%	22.3%
Return on invested capital	23.5%	29.9%	17.4%	18.6%	23.0%	13.3%	10.7%	20.0%
Return on assets	18.5%	13.5%	11.5%	11.1%	9.8%	6.9%	6.1%	5.1%
Free cash flow yield	-5.7%	-1.4%	-0.2%	8.6%	1.1%	-14.6%	4.3%	32.1%
Earnings yield	9.9%	3.6%	3.3%	6.6%	4.9%	10.5%	12.4%	10.9%
Enterprise value	₹24.3B	₹33.3B	₹20.5B	₹8.1B	₹10B	₹4.2B	₹2.3B	₹2B
Net debt / EBITDA	0.91×	0.92×	1.43×	1.58×	2.2×	3.17×	2.76×	3.29×
Cash conversion cycle (days)	88	66	64	55	66	78	84	65