Gorani Industries Limited (GORANIN.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

-95.2%

₹1.91

vs ₹40.00 price

Levered DCF

-₹206.38

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	37.36×	58.75×	46.11×	57.35×	23.96×	9.15×	9.77×	21.19×
P/B	1.69×	3.81×	5.01×	7.63×	4.12×	1.04×	1.24×	2.62×
P/S	0.63×	1.17×	1.48×	2.04×	1.39×	0.33×	0.3×	0.58×
EV / EBITDA	17.99×	23.01×	22.88×	29.64×	15.06×	5.83×	6.69×	13.13×
Gross margin	8.1%	10.6%	8.6%	28.3%	24.0%	22.2%	18.5%	16.5%
Operating margin	4.4%	4.7%	5.8%	5.3%	8.9%	5.8%	5.7%	4.5%
Net margin	1.7%	2.0%	3.2%	3.6%	5.8%	3.6%	3.0%	2.8%
Current ratio	1.58×	1.62×	1.65×	1.55×	1.72×	1.53×	1.34×	1.33×
Debt / equity	0.97×	0.83×	0.82×	1.02×	0.78×	0.49×	0.67×	1.1×
Interest coverage	1.46×	1.89×	2.44×	3.06×	6.49×	7.86×	4.56×	4.74×
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	4.5%	6.5%	10.9%	13.3%	17.2%	11.4%	12.7%	12.4%
Return on invested capital	3.9%	5.9%	8.1%	7.2%	10.7%	8.6%	10.0%	6.5%
Return on assets	1.9%	2.8%	4.8%	5.3%	8.0%	5.5%	5.1%	4.7%
Free cash flow yield	-7.4%	-1.7%	-2.7%	-2.0%	-15.0%	17.7%	23.1%	-2.0%
Earnings yield	2.7%	1.7%	2.2%	1.7%	4.2%	11.0%	10.2%	4.7%
Enterprise value	₹363.8M	₹614.6M	₹728.1M	₹942.1M	₹457.8M	₹79.9M	₹92.3M	₹160.6M
Net debt / EBITDA	6.33×	4.12×	3.2×	2.64×	1.96×	1.44×	2.1×	3.38×
Cash conversion cycle (days)	256	191	184	175	189	125	100	114