Gillanders Arbuthnot and Company Limited (GILLANDERS.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

-52.5%

₹46.10

vs ₹97.11 price

Levered DCF

₹257.92

After debt service

Piotroski score

3 / 9

Weak

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	17.41×	7.69×	-3.28×	8.87×	8.69×	-5.62×	-2.81×	319.67×
P/B	0.64×	0.84×	0.73×	0.48×	0.53×	0.35×	0.15×	0.35×
P/S	0.38×	0.46×	0.44×	0.29×	0.35×	0.2×	0.06×	0.14×
EV / EBITDA	13.28×	13.38×	-14.65×	7.08×	7.32×	8.95×	7.87×	6.74×
Gross margin	72.1%	54.5%	70.1%	42.4%	46.8%	11.8%	34.9%	11.4%
Operating margin	2.9%	3.4%	-5.2%	3.7%	8.9%	4.0%	1.6%	6.3%
Net margin	2.2%	6.0%	-13.4%	3.3%	4.1%	-3.6%	-2.3%	0.0%
Current ratio	1.05×	0.96×	0.85×	1.01×	1.03×	1×	0.88×	0.93×
Debt / equity	0.58×	0.57×	0.59×	0.52×	0.68×	0.85×	1.28×	1.31×
Interest coverage	0.91×	1.21×	-1.28×	0.91×	1.53×	0.46×	0.22×	0.92×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.4%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.2%	-0.5%	-1.1%	0.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.7%	10.9%	-22.4%	5.4%	6.1%	-6.2%	-5.5%	0.1%
Return on invested capital	2.5%	3.7%	-5.3%	3.8%	7.7%	3.5%	1.6%	0.3%
Return on assets	1.7%	5.2%	-10.2%	2.7%	2.7%	-2.5%	-1.8%	0.0%
Free cash flow yield	9.6%	-0.2%	17.8%	28.4%	43.1%	71.5%	117.2%	83.1%
Earnings yield	5.7%	13.0%	-30.5%	11.3%	11.5%	-17.8%	-35.7%	0.3%
Enterprise value	₹3.1B	₹3.4B	₹2.9B	₹2.7B	₹3.2B	₹3B	₹3.9B	₹4.8B
Net debt / EBITDA	6.23×	5.38×	-6.49×	3.67×	4.11×	6.33×	7.02×	5.3×
Cash conversion cycle (days)	261	122	202	93	184	100	80	82