Fedders Holding Ltd (FEDDERSHOL.BO) 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

-99.3%

₹0.39

vs ₹60.35 price

Levered DCF

-₹101.59

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

8.28

Safe zone

Rating

C-

Overall 1 / 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	7.56×	10.96×	6.65×	6.49×	0.49×	11.41×	6.76×	4.75×
P/B	0.96×	1.39×	1.63×	0.57×	0.19×	0.31×	0.12×	0.13×
P/S	1.83×	2.29×	1.18×	1.03×	0.29×	4.13×	1.24×	1.1×
EV / EBITDA	7.91×	10.13×	219.34×	6.38×	0.98×	2.47×	2.88×	4.62×
Gross margin	10.3%	21.2%	25.3%	23.5%	24.6%	85.4%	84.7%	84.1%
Operating margin	6.5%	18.0%	16.4%	16.3%	28.7%	89.2%	38.9%	62.1%
Net margin	24.2%	20.9%	16.4%	15.8%	59.8%	36.1%	18.3%	23.1%
Current ratio	9.35×	7.84×	4.37×	2.74×	6.34×	7.62×	2.4×	3.03×
Debt / equity	0.09×	0.09×	0.14×	0.14×	0.03×	0.07×	0.07×	0.22×
Interest coverage	78.14×	0×	0×	52.79×	48.23×	283.75×	3.2×	2.06×
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	12.7%	12.7%	22.7%	8.7%	38.8%	2.7%	1.8%	2.6%
Return on invested capital	2.9%	9.4%	19.0%	7.6%	16.8%	4.3%	2.5%	4.1%
Return on assets	10.9%	10.9%	18.8%	7.0%	32.8%	2.4%	1.4%	2.0%
Free cash flow yield	1.1%	5.9%	-16.9%	-17.7%	-234.0%	-59.2%	169.6%	-54.4%
Earnings yield	13.2%	9.1%	13.9%	15.4%	203.3%	8.8%	14.8%	21.1%
Enterprise value	₹7.6B	₹9.7B	₹7.3B	₹1.7B	₹297M	₹105.7M	₹88.1M	₹198.9M
Net debt / EBITDA	0.69×	-0.36×	16.84×	1.26×	0.05×	-2.06×	0.49×	2.89×
Cash conversion cycle (days)	457	343	-23	272	282	3,814	1,968	3,480