G M Polyplast Limited (GMPL.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

+167.2%

₹164.98

vs ₹61.74 price

Levered DCF

₹201.20

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

7.37

Safe zone

Rating

S-

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	9.29×	15.82×	32.87×	38.74×	8.43×	8.83×	11.71×	23.3×
P/B	1.62×	3×	7.34×	7.53×	1.73×	1.89×	3.37×	5.69×
P/S	0.75×	1.22×	2.53×	2.32×	0.48×	0.59×	0.43×	0.47×
EV / EBITDA	5.72×	9.98×	20.28×	24.26×	5.25×	5.38×	6.81×	11.83×
Gross margin	20.0%	15.5%	15.8%	16.9%	12.0%	15.1%	8.8%	7.3%
Operating margin	10.9%	11.0%	11.0%	8.1%	6.9%	10.4%	4.7%	3.0%
Net margin	8.0%	7.7%	7.7%	6.0%	5.7%	6.7%	3.6%	2.0%
Current ratio	4.47×	4.8×	3.99×	2.65×	1.7×	2.24×	1.22×	1.12×
Debt / equity	0.04×	0.02×	0.04×	0.08×	0.04×	0.12×	0.33×	0.54×
Interest coverage	52.04×	19.86×	27.01×	21.6×	11×	12.84×	12.73×	5.66×
Dividend yield	0.0%	0.0%	0.3%	0.0%	0.5%	0.6%	0.0%	0.0%
Payout ratio	0.0%	0.0%	9.5%	0.0%	4.6%	5.5%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	17.4%	19.0%	22.3%	19.4%	20.5%	21.4%	28.8%	24.3%
Return on invested capital	16.8%	19.5%	21.8%	18.6%	18.2%	21.6%	21.8%	17.1%
Return on assets	13.9%	15.3%	17.1%	13.3%	10.7%	12.7%	9.1%	5.4%
Free cash flow yield	5.0%	-0.4%	1.3%	-0.8%	1.6%	-16.6%	6.3%	1.2%
Earnings yield	10.8%	6.3%	3.0%	2.6%	11.8%	11.3%	8.5%	4.3%
Enterprise value	₹728.2M	₹1.2B	₹2.3B	₹1.9B	₹349.2M	₹309.8M	₹268.1M	₹339.1M
Net debt / EBITDA	-0.31×	-0.01×	-0.09×	0.13×	-0.07×	-0×	-0.02×	0.58×
Cash conversion cycle (days)	137	142	98	91	59	82	15	14