Epigral Limited (EPIGRAL.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

-81.9%

₹164.44

vs ₹910.00 price

Levered DCF

₹306.42

After debt service

Piotroski score

3 / 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	10.53×	22.41×	24.69×	11.1×	15.99×	16.75×	15.08×	9.24×
P/B	1.57×	4.21×	3.86×	3.67×	5.57×	2.47×	2.89×	3.43×
P/S	1.4×	3.14×	2.55×	1.81×	2.61×	2.04×	2.77×	2.38×
EV / EBITDA	7.39×	12.09×	12.16×	7.02×	10×	8.4×	11.49×	6.52×
Gross margin	18.5%	41.8%	41.1%	29.6%	48.3%	50.1%	52.1%	62.1%
Operating margin	15.3%	37.3%	17.6%	26.2%	27.3%	22.7%	25.3%	36.5%
Net margin	13.3%	14.0%	10.3%	16.3%	16.3%	12.2%	18.4%	25.7%
Current ratio	1.16×	1.57×	0.64×	0.65×	0.84×	0.47×	0.5×	1.44×
Debt / equity	0.26×	0.31×	0.77×	0.82×	1.37×	0.79×	0.91×	0.79×
Interest coverage	8.06×	17.87×	4.49×	8.52×	8.86×	6.04×	18.9×	10.22×
Dividend yield	0.5%	0.5%	0.5%	0.6%	0.0%	0.0%	1.0%	0.9%
Payout ratio	5.5%	11.7%	12.8%	6.9%	0.0%	0.0%	15.1%	8.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.9%	18.8%	15.6%	33.0%	34.8%	14.7%	19.2%	37.1%
Return on invested capital	12.3%	22.5%	9.2%	18.1%	15.4%	9.4%	11.0%	21.9%
Return on assets	9.5%	11.3%	7.0%	14.5%	11.9%	7.0%	8.8%	17.5%
Free cash flow yield	-0.2%	3.1%	-0.0%	5.3%	-4.3%	1.9%	-12.1%	-2.4%
Earnings yield	9.5%	4.5%	4.0%	9.0%	6.3%	6.0%	6.6%	10.8%
Enterprise value	₹40.6B	₹85.9B	₹58B	₹47.9B	₹50.1B	₹22.3B	₹22.2B	₹19.5B
Net debt / EBITDA	1.03×	0.81×	2.02×	1.27×	1.93×	2.04×	2.75×	0.87×
Cash conversion cycle (days)	77	83	66	54	81	36	47	47