Gayatri Sugars Limited (GAYATRI.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

+176.3%

₹22.13

vs ₹8.01 price

Levered DCF

₹13.45

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	53.64×	60.56×	20.15×	0.39×	-1.4×	-0.29×	-0.08×	-0.59×
P/B	0.67×	-0.79×	-1.54×	-0.11×	-0.07×	-0.05×	-0.02×	-0.12×
P/S	0.15×	0.2×	0.38×	0.03×	0.03×	0.03×	0.01×	0.04×
EV / EBITDA	7.32×	8.3×	7.16×	2.49×	7.93×	31.04×	26.55×	13.35×
Gross margin	15.9%	16.6%	28.2%	24.3%	23.8%	19.8%	17.7%	17.9%
Operating margin	4.1%	3.7%	8.2%	8.2%	4.6%	-1.2%	-1.3%	1.2%
Net margin	0.3%	0.3%	1.9%	8.9%	-2.3%	-11.5%	-9.8%	-6.3%
Current ratio	0.61×	0.77×	0.6×	0.44×	0.4×	0.37×	0.42×	0.58×
Debt / equity	1.36×	-1.7×	-1.43×	-1.23×	-1.27×	-1.48×	-1.45×	-1.9×
Interest coverage	1.03×	0.73×	1.27×	1.33×	0.65×	-0.11×	-0.16×	0.16×
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	1.2%	-1.3%	-7.7%	-27.6%	5.2%	18.6%	22.5%	20.6%
Return on invested capital	4.5%	9.5%	39.0%	80.0%	33.0%	-3.7%	-3.5%	2.7%
Return on assets	0.2%	0.5%	3.7%	17.4%	-4.1%	-15.6%	-14.0%	-7.1%
Free cash flow yield	55.1%	-25.4%	13.5%	229.6%	356.5%	170.0%	1170.7%	281.6%
Earnings yield	1.9%	1.6%	5.0%	255.8%	-71.4%	-350.2%	-1268.8%	-168.7%
Enterprise value	₹1.7B	₹2.1B	₹2.7B	₹1.7B	₹2.2B	₹2.3B	₹1.8B	₹1.9B
Net debt / EBITDA	4.92×	5.63×	3.43×	2.29×	7.5×	29.97×	26.23×	12.53×
Cash conversion cycle (days)	-3	13	-7	-31	-41	4	33	33