Euro Panel Products Ltd. (EUROBOND.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

+11.8%

₹157.05

vs ₹140.50 price

Levered DCF

-₹441.46

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	12.76×	21.27×	29.19×	26.16×	16.74×	56.72×	52.87×	53.2×
P/B	2.12×	2.94×	3.71×	2.62×	2.43×	6.25×	7.16×	9.65×
P/S	0.67×	0.93×	1.08×	0.8×	1.01×	1.48×	1.47×	1.94×
EV / EBITDA	8.73×	11.88×	15.5×	12.78×	9.07×	17.36×	17.07×	20.77×
Gross margin	21.2%	24.6%	21.0%	20.8%	26.7%	18.6%	19.1%	19.2%
Operating margin	9.3%	8.3%	6.9%	6.4%	10.6%	8.4%	9.0%	9.6%
Net margin	5.3%	4.4%	3.7%	3.1%	6.1%	2.6%	2.8%	3.6%
Current ratio	1.41×	1.49×	1.5×	1.74×	1.97×	1.5×	1.38×	1.53×
Debt / equity	1.01×	0.87×	0.8×	0.55×	0.35×	1.59×	1.75×	1.92×
Interest coverage	3.85×	3.28×	3.06×	3.05×	3.51×	1.72×	1.88×	1.55×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.6%	13.8%	12.7%	10.0%	14.5%	11.0%	13.5%	18.1%
Return on invested capital	10.6%	10.3%	9.6%	10.0%	14.1%	8.4%	10.0%	15.6%
Return on assets	6.9%	5.9%	5.2%	4.5%	7.1%	2.6%	3.0%	4.2%
Free cash flow yield	-10.1%	-3.1%	-6.3%	3.8%	-7.1%	1.5%	-0.1%	-3.9%
Earnings yield	7.8%	4.7%	3.4%	3.8%	6.0%	1.8%	1.9%	1.9%
Enterprise value	₹4.9B	₹5B	₹5.2B	₹3.2B	₹2.5B	₹2.6B	₹2.6B	₹2.5B
Net debt / EBITDA	2.74×	2.63×	2.74×	2.2×	1.11×	3.34×	3.22×	3.38×
Cash conversion cycle (days)	180	170	147	146	174	168	157	169