Eldeco Housing and Industries Limited (ELDEHSG.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

+120.0%

₹1,734.23

vs ₹788.15 price

Levered DCF

-₹247.88

After debt service

Piotroski score

5 / 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	FY2019
P/E	31.54×	32.8×	23.25×	12.94×	14.91×	13.96×	19.32×	20.67×
P/B	1.92×	1.84×	2.12×	1.67×	2.46×	2.86×	3.59×	4.21×
P/S	4.65×	5.31×	6.99×	4.45×	5.97×	4.75×	6.01×	4.57×
EV / EBITDA	16.06×	19.67×	15.76×	6.94×	8.99×	8.62×	12.43×	12.35×
Gross margin	46.1%	38.4%	55.9%	56.9%	58.7%	49.4%	48.7%	40.3%
Operating margin	18.1%	19.8%	48.5%	40.0%	47.5%	41.4%	37.0%	30.4%
Net margin	14.7%	16.2%	30.1%	34.4%	40.0%	34.0%	31.1%	22.1%
Current ratio	1.94×	2.18×	2.56×	2.3×	2.2×	2.12×	1.76×	1.66×
Debt / equity	0.39×	0.3×	0.23×	0.01×	0.01×	0.01×	0.02×	0×
Interest coverage	9.49×	6.15×	18.76×	31.06×	60.86×	77.35×	51.58×	26.85×
Dividend yield	1.2%	1.1%	1.0%	1.4%	1.0%	0.0%	1.1%	0.3%
Payout ratio	36.4%	36.6%	23.2%	17.7%	15.5%	0.0%	21.2%	6.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.1%	5.6%	9.1%	12.9%	16.5%	20.5%	18.6%	20.4%
Return on invested capital	3.5%	3.7%	8.9%	10.9%	14.2%	21.1%	16.0%	19.1%
Return on assets	2.3%	2.6%	4.9%	8.0%	9.9%	11.7%	8.4%	8.3%
Free cash flow yield	14.6%	-1.0%	-14.2%	-2.1%	2.2%	4.8%	3.9%	5.0%
Earnings yield	3.2%	3.0%	4.3%	7.7%	6.7%	7.2%	5.2%	4.8%
Enterprise value	₹6.7B	₹7B	₹7.7B	₹4.4B	₹6.3B	₹6.4B	₹6.7B	₹6.9B
Net debt / EBITDA	-2.39×	-0.12×	-0.3×	-2.22×	-1.84×	-1.55×	-1.56×	-1.13×
Cash conversion cycle (days)	2,708	2,656	3,116	1,631	1,420	794	1,284	867