Flex Foods Limited (FLEXFO.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

-5571.4%

-₹2,804.09

vs ₹51.25 price

Levered DCF

-₹3,018.13

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

D+

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	-1.18×	-1.69×	-5.16×	-8.97×	12.02×	7.98×	5.5×	6.65×
P/B	4.09×	1.32×	1.78×	0.93×	0.96×	0.9×	0.39×	0.82×
P/S	0.2×	0.37×	1.13×	0.84×	1.01×	0.95×	0.48×	0.9×
EV / EBITDA	21.07×	-89.36×	-118.19×	31.37×	13.36×	4.93×	4.09×	5.38×
Gross margin	27.1%	18.3%	37.7%	45.3%	48.2%	50.2%	54.1%	58.8%
Operating margin	-0.7%	29.4%	-15.7%	-0.8%	12.2%	15.5%	4.8%	11.3%
Net margin	-16.6%	-21.7%	-21.9%	-9.3%	8.4%	11.9%	8.7%	13.5%
Current ratio	0.71×	0.77×	0.96×	1.08×	1.09×	1.95×	1.68×	1.61×
Debt / equity	33.36×	6.71×	3.49×	2.31×	1.31×	0.15×	0.18×	0.3×
Interest coverage	-0.06×	1.93×	-1.08×	-0.06×	6.49×	8.43×	1.5×	2.83×
Dividend yield	1.6%	1.1%	0.5%	1.3%	1.1%	1.0%	4.0%	0.0%
Payout ratio	-2.0%	-1.9%	-2.4%	-11.7%	13.7%	7.8%	22.1%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-344.8%	-77.8%	-34.5%	-10.4%	8.0%	11.3%	7.2%	12.3%
Return on invested capital	-0.3%	10.2%	-4.0%	-0.2%	3.6%	9.2%	3.1%	7.3%
Return on assets	-7.8%	-8.4%	-6.6%	-2.8%	3.0%	8.1%	4.9%	7.8%
Free cash flow yield	-69.5%	-15.2%	-20.6%	-86.2%	-116.3%	11.7%	37.7%	12.3%
Earnings yield	-84.4%	-59.1%	-19.4%	-11.1%	8.3%	12.5%	18.2%	15.0%
Enterprise value	₹3.4B	₹3.3B	₹4B	₹3.3B	₹2.5B	₹1.1B	₹508.7M	₹965.9M
Net debt / EBITDA	18.76×	-74.65×	-78.21×	22.29×	7.52×	0.48×	1.09×	1.3×
Cash conversion cycle (days)	123	142	292	274	170	201	256	254