Emmbi Industries Limited (EMMBI.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

-8.7%

₹68.01

vs ₹74.49 price

Levered DCF

-₹36.98

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.65

Distress zone

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	14.78×	25.72×	17.14×	16.63×	8.03×	19.31×	5.29×	12.28×
P/B	0.59×	0.92×	1×	0.85×	1×	1.1×	0.6×	1.9×
P/S	0.26×	0.42×	0.45×	0.37×	0.35×	0.54×	0.25×	0.76×
EV / EBITDA	6.82×	8.56×	9.75×	8.37×	6.58×	10.66×	5.38×	8.03×
Gross margin	28.5%	37.3%	22.1%	24.6%	17.9%	24.1%	16.2%	26.3%
Operating margin	6.8%	32.6%	6.1%	6.0%	8.3%	6.6%	8.9%	11.2%
Net margin	1.7%	1.5%	2.6%	2.2%	4.4%	2.8%	4.8%	6.2%
Current ratio	1.38×	1.3×	1.3×	1.48×	1.49×	1.55×	1.39×	1.39×
Debt / equity	0.89×	0.86×	0.92×	0.91×	0.94×	1.01×	0.9×	0.91×
Interest coverage	1.64×	7.3×	1.36×	1.42×	2.45×	1.6×	2.26×	2.95×
Dividend yield	0.5%	0.3%	0.3%	0.8%	0.5%	0.5%	1.4%	0.5%
Payout ratio	7.3%	8.5%	5.3%	12.8%	3.7%	9.2%	7.3%	6.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.0%	3.3%	5.8%	5.1%	12.4%	5.7%	11.4%	15.5%
Return on invested capital	5.5%	26.3%	6.7%	4.7%	8.3%	4.6%	7.9%	9.9%
Return on assets	1.7%	1.5%	2.6%	2.3%	5.4%	2.3%	4.9%	6.5%
Free cash flow yield	-18.1%	3.5%	4.4%	10.2%	5.0%	-8.7%	3.1%	4.1%
Earnings yield	6.8%	3.6%	5.8%	6.0%	12.5%	5.2%	18.9%	8.1%
Enterprise value	₹2.9B	₹3.3B	₹3.3B	₹2.8B	₹3B	₹2.8B	₹1.9B	₹3.2B
Net debt / EBITDA	4.07×	4.1×	4.65×	4.31×	3.18×	5.09×	3.21×	2.55×
Cash conversion cycle (days)	182	186	160	158	132	198	137	135