GKW Limited (GKWLIMITED.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

-65.1%

₹562.96

vs ₹1,612.00 price

Levered DCF

-₹925.64

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

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	-363.67×	-55.22×	64.29×	33.94×	24.01×	11×	105.01×	23.65×
P/B	0.32×	0.4×	0.38×	0.13×	0.14×	0.88×	1.71×	1.64×
P/S	26.16×	31.11×	22.97×	14.65×	13.43×	7.68×	25.16×	15.46×
EV / EBITDA	44.28×	-130.84×	43.62×	21.35×	17.7×	9.09×	96.84×	22.44×
Gross margin	89.3%	72.8%	91.4%	86.8%	66.4%	93.7%	61.7%	83.1%
Operating margin	47.0%	2.9%	91.3%	64.7%	49.6%	14.2%	12.2%	66.0%
Net margin	-7.2%	-56.3%	35.7%	43.2%	55.9%	69.7%	24.0%	65.4%
Current ratio	14×	14.08×	8.85×	8.79×	10.23×	9.23×	6.48×	6.15×
Debt / equity	0×	0×	0×	0×	0×	0×	0.01×	0×
Interest coverage	1.81×	0.3×	5,285.06×	1,152.89×	777.14×	59.9×	6.76×	0×
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	-0.1%	-0.7%	0.6%	0.4%	0.6%	8.0%	1.6%	6.9%
Return on invested capital	-0.3%	0.0%	0.9%	0.3%	0.3%	1.4%	0.8%	6.8%
Return on assets	-0.1%	-0.6%	0.5%	0.3%	0.5%	7.7%	1.5%	6.6%
Free cash flow yield	1.2%	-21.1%	0.5%	-1.7%	-0.4%	-0.2%	-4.7%	-2.9%
Earnings yield	-0.3%	-1.8%	1.6%	2.9%	4.2%	9.1%	1.0%	4.2%
Enterprise value	₹8.3B	₹8.1B	₹8.8B	₹3B	₹3.2B	₹3B	₹2.7B	₹4.7B
Net debt / EBITDA	-0.34×	34.62×	-0.42×	-0.04×	-0.09×	-0.07×	-0.43×	-0.04×
Cash conversion cycle (days)	-1	-0	-12	20	-7	-8	17	-5