Ecoplast Limited (ECOPLAST.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

-256.9%

-₹741.42

vs ₹472.50 price

Levered DCF

₹16.78

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

6.34

Safe zone

Rating

C-

Overall 1 / 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	15.84×	20.51×	9.98×	5.4×	-16.01×	112.21×	7.81×	10.63×
P/B	1.59×	2.3×	2.18×	0.72×	0.99×	0.72×	0.86×	1.06×
P/S	0.86×	1.35×	0.81×	0.25×	0.3×	0.3×	0.28×	0.3×
EV / EBITDA	9.9×	10.84×	6.06×	2.39×	44.88×	9.47×	4.88×	5.66×
Gross margin	22.6%	22.0%	36.2%	26.5%	23.2%	26.9%	29.4%	25.0%
Operating margin	5.8%	7.3%	9.5%	3.6%	-2.0%	1.1%	5.9%	4.3%
Net margin	5.4%	6.7%	8.1%	4.6%	-1.9%	0.3%	3.6%	2.9%
Current ratio	3.56×	5.43×	3.45×	3.05×	1.6×	2.19×	1.97×	1.88×
Debt / equity	0.02×	0.01×	0.03×	0.04×	0.49×	0.27×	0.4×	0.31×
Interest coverage	21.68×	22.81×	32.01×	3.86×	-1.8×	0.71×	6.58×	2.79×
Dividend yield	0.0%	0.5%	0.5%	0.0%	0.0%	2.0%	2.0%	1.5%
Payout ratio	0.0%	10.6%	4.9%	0.0%	0.0%	221.7%	15.4%	15.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.0%	11.4%	21.9%	13.3%	-6.2%	0.6%	11.1%	9.9%
Return on invested capital	7.7%	8.8%	18.2%	6.9%	-3.0%	1.4%	8.7%	9.0%
Return on assets	8.4%	9.7%	16.8%	10.1%	-3.2%	0.4%	6.5%	6.0%
Free cash flow yield	-12.5%	-4.0%	9.6%	51.1%	-14.2%	32.0%	-7.1%	6.8%
Earnings yield	6.3%	4.9%	10.0%	18.5%	-6.2%	0.9%	12.8%	9.4%
Enterprise value	₹1.8B	₹1.6B	₹906.9M	₹228.5M	₹418.4M	₹314.9M	₹401.1M	₹394M
Net debt / EBITDA	-0.41×	-0.62×	-0.06×	-0.12×	14.48×	2.59×	1.53×	1.24×
Cash conversion cycle (days)	73	65	56	68	106	111	95	84