Gateway Distriparks Limited (GATEWAY.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

+594.9%

₹325.62

vs ₹46.86 price

Levered DCF

₹262.57

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.44

Grey zone

Rating

C+

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	9.87×	8.47×	20.52×	13×	14.89×	22.97×	2.39×	4.6×
P/B	1.1×	1.43×	2.72×	1.75×	2.04×	1.48×	0.86×	1.27×
P/S	1.14×	1.87×	3.42×	2.19×	2.43×	1.86×	0.92×	4.04×
EV / EBITDA	6.36×	7×	15.11×	9.14×	9.35×	8.59×	6.08×	13.31×
Gross margin	22.4%	23.7%	30.5%	31.4%	78.4%	19.8%	81.8%	76.3%
Operating margin	14.8%	16.3%	30.3%	18.7%	17.6%	15.4%	15.6%	12.3%
Net margin	11.6%	22.1%	16.7%	16.9%	16.3%	8.0%	8.4%	87.7%
Current ratio	1.04×	1.06×	0.74×	0.74×	0.98×	0.81×	0.75×	1.07×
Debt / equity	0.28×	0.33×	0.26×	0.3×	0.38×	0.49×	0.71×	0.63×
Interest coverage	5.52×	5.73×	10.11×	5.78×	3.69×	2.26×	1.87×	4.02×
Dividend yield	6.6%	3.2%	1.9%	3.2%	1.9%	2.3%	8.6%	2.6%
Payout ratio	65.2%	26.9%	39.0%	41.7%	27.9%	53.0%	95.0%	11.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.2%	16.8%	13.3%	13.5%	13.7%	6.4%	7.8%	27.6%
Return on invested capital	9.3%	8.3%	18.6%	11.2%	10.5%	6.8%	8.3%	2.2%
Return on assets	7.3%	10.7%	9.7%	9.6%	9.2%	3.9%	4.2%	15.7%
Free cash flow yield	12.9%	11.2%	4.7%	3.5%	9.1%	12.3%	22.4%	6.5%
Earnings yield	10.1%	11.8%	4.9%	7.7%	6.7%	4.3%	9.1%	21.7%
Enterprise value	₹31.5B	₹38.4B	₹57.6B	₹35.7B	₹37.6B	₹27.9B	₹20.6B	₹24.8B
Net debt / EBITDA	1.26×	1.28×	1.31×	1.17×	1.07×	1.87×	2.74×	4.3×
Cash conversion cycle (days)	6	16	1	-3	-84	6	-332	-468