Globus Spirits Limited (GLOBUSSPR.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

-72.5%

₹181.05

vs ₹658.00 price

Levered DCF

-₹506.15

After debt service

Piotroski score

5 / 9

Average

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	25.32×	132.06×	22.41×	18.3×	23.56×	6.35×	4.87×	16.63×
P/B	2.13×	3.32×	2.22×	2.52×	5.71×	1.55×	0.54×	1.02×
P/S	0.86×	1.3×	0.9×	1.06×	2.79×	0.74×	0.21×	0.41×
EV / EBITDA	10.34×	25.26×	13.82×	10.03×	13.67×	4.04×	3.18×	6.74×
Gross margin	26.2%	29.2%	28.0%	36.0%	41.9%	41.1%	32.7%	38.1%
Operating margin	6.2%	25.7%	4.3%	9.0%	18.1%	17.4%	7.5%	5.7%
Net margin	3.4%	0.9%	4.0%	5.8%	11.9%	11.7%	4.3%	2.5%
Current ratio	1.01×	0.96×	1.05×	1.09×	1.51×	1.29×	0.95×	0.87×
Debt / equity	0.48×	0.53×	0.34×	0.33×	0.23×	0.32×	0.4×	0.58×
Interest coverage	2.86×	14.15×	4.4×	12.29×	25.05×	11.4×	3.73×	2.14×
Dividend yield	0.3%	0.3%	0.8%	0.4%	0.1%	0.3%	0.0%	0.0%
Payout ratio	8.7%	43.3%	17.9%	7.1%	3.1%	2.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.4%	2.4%	9.9%	13.8%	24.2%	24.4%	11.2%	6.1%
Return on invested capital	7.4%	26.6%	7.4%	9.9%	18.2%	18.4%	9.9%	6.2%
Return on assets	4.1%	1.1%	5.5%	7.7%	15.1%	14.5%	6.2%	3.2%
Free cash flow yield	1.1%	-4.3%	-0.3%	-4.6%	1.0%	4.0%	39.6%	0.1%
Earnings yield	3.9%	0.7%	4.5%	5.5%	4.2%	15.7%	20.5%	6.0%
Enterprise value	₹27.8B	₹38.2B	₹24.9B	₹25.3B	₹45.7B	₹10.5B	₹4B	₹6.3B
Net debt / EBITDA	1.7×	3.47×	1.82×	1.15×	0.46×	0.53×	1.26×	2.43×
Cash conversion cycle (days)	15	51	15	24	16	18	10	8