Filatex India Limited (FILATEX.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

+24.7%

₹112.22

vs ₹90.01 price

Levered DCF

₹89.23

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 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	8.93×	12.47×	24.74×	15.87×	9.36×	8.91×	3.24×	14.26×
P/B	1.09×	1.26×	2.27×	1.3×	2.61×	1.94×	0.67×	2.56×
P/S	0.39×	0.39×	0.64×	0.33×	0.74×	0.67×	0.14×	0.42×
EV / EBITDA	5.08×	6.55×	12.29×	7.75×	5.71×	6.07×	5.22×	7.98×
Gross margin	15.5%	17.6%	9.6%	17.6%	18.0%	20.8%	12.6%	11.8%
Operating margin	6.5%	4.3%	4.0%	3.9%	12.4%	13.0%	6.2%	6.0%
Net margin	4.4%	3.1%	2.6%	2.1%	7.9%	7.5%	4.4%	3.0%
Current ratio	1.43×	1.4×	1.44×	1.27×	1.59×	1.34×	1.19×	1.08×
Debt / equity	0.1×	0.11×	0.19×	0.28×	0.33×	0.77×	1.21×	1.28×
Interest coverage	14.07×	8.52×	6.68×	6.51×	13.11×	7×	4.24×	3.55×
Dividend yield	0.7%	0.5%	0.2%	0.3%	0.3%	0.0%	0.0%	0.0%
Payout ratio	6.1%	6.6%	6.0%	4.9%	2.9%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.2%	10.1%	9.2%	8.2%	27.9%	21.7%	20.4%	18.0%
Return on invested capital	10.8%	8.2%	7.7%	7.7%	19.2%	13.7%	12.3%	9.5%
Return on assets	7.4%	5.9%	5.3%	4.3%	15.0%	9.2%	7.5%	6.0%
Free cash flow yield	3.6%	15.6%	3.6%	15.0%	7.5%	12.1%	-21.1%	13.6%
Earnings yield	11.2%	8.0%	4.0%	6.3%	10.7%	11.2%	30.6%	7.0%
Enterprise value	₹17.4B	₹18B	₹29.6B	₹16.8B	₹31.9B	₹20.6B	₹11.2B	₹17.9B
Net debt / EBITDA	0.3×	0.46×	0.95×	1.16×	0.64×	1.7×	3.37×	2.59×
Cash conversion cycle (days)	-3	3	13	12	23	19	16	13