Exxaro Tiles Limited (EXXARO.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

-114.3%

-₹0.89

vs ₹6.27 price

Levered DCF

-₹1.11

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	103.33×	-2,139.29×	181.67×	63.06×	25.8×	29.4×	38.91×	49×
P/B	1.05×	0.95×	1.47×	1.65×	1.77×	3.26×	3.68×	4.02×
P/S	0.96×	0.86×	1.36×	1.43×	1.45×	1.75×	1.84×	1.82×
EV / EBITDA	14.97×	14.86×	19.4×	16.25×	10.53×	11.79×	14.11×	15.8×
Gross margin	13.2%	27.7%	10.0%	24.4%	24.5%	32.0%	18.2%	35.7%
Operating margin	5.0%	18.6%	5.0%	53.7%	10.8%	13.8%	12.2%	10.0%
Net margin	0.9%	-0.0%	0.7%	2.3%	5.6%	6.0%	4.7%	3.7%
Current ratio	1.7×	1.58×	1.62×	1.66×	2.33×	1.3×	1.22×	1.13×
Debt / equity	0.33×	0.33×	0.35×	0.34×	0.21×	1.18×	1.44×	1.42×
Interest coverage	1.27×	4.73×	1.07×	18.19×	3.54×	1.65×	1.49×	1.35×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.0%	-0.0%	0.8%	2.7%	6.8%	11.2%	9.3%	8.1%
Return on invested capital	2.8%	-1.1%	2.8%	32.2%	7.4%	10.3%	9.1%	8.7%
Return on assets	0.6%	-0.0%	0.5%	1.6%	4.5%	4.1%	2.9%	2.5%
Free cash flow yield	4.2%	6.1%	-0.0%	-9.0%	4.3%	8.2%	1.0%	8.7%
Earnings yield	1.0%	-0.0%	0.6%	1.6%	3.8%	3.4%	2.5%	2.0%
Enterprise value	₹3.8B	₹3.5B	₹5B	₹5.4B	₹5.1B	₹6B	₹6.2B	₹5.9B
Net debt / EBITDA	3.56×	3.8×	3.71×	2.78×	0.83×	3.11×	3.97×	4.1×
Cash conversion cycle (days)	215	259	264	219	205	249	304	182