Goyal Aluminiums Limited (GOYALALUM.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

-146.5%

-₹2.65

vs ₹5.70 price

Levered DCF

-₹2.37

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

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	24.73×	51.31×	49.44×	227.47×	199.3×	1,445.45×	281.69×	274.66×
P/B	3.01×	5.27×	6.35×	27.93×	13.3×	14.29×	14.44×	15.19×
P/S	1.01×	1.53×	1.86×	7.38×	2.48×	3.7×	3.46×	3.69×
EV / EBITDA	30.68×	52.99×	36.1×	59.66×	102.14×	472.97×	181.92×	181.2×
Gross margin	4.4%	4.7%	6.3%	6.6%	3.4%	1.9%	2.8%	3.1%
Operating margin	3.5%	4.1%	5.7%	4.9%	2.1%	0.7%	1.8%	2.0%
Net margin	4.1%	3.0%	3.7%	3.3%	1.2%	0.3%	1.2%	1.3%
Current ratio	1.87×	8.33×	4.72×	5.19×	1.8×	2.26×	2.78×	9.21×
Debt / equity	0.42×	0×	0.08×	0.13×	0.15×	0.04×	0.04×	0×
Interest coverage	6.97×	21.32×	35.86×	7.05×	5.57×	3.46×	14.01×	14.47×
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	12.2%	10.3%	12.8%	12.4%	6.7%	1.0%	5.1%	5.5%
Return on invested capital	6.0%	11.2%	13.6%	0.8%	7.3%	1.6%	5.1%	6.0%
Return on assets	6.7%	9.4%	10.8%	0.1%	2.7%	0.5%	3.2%	4.9%
Free cash flow yield	-15.5%	2.1%	0.4%	0.9%	-0.0%	-1.2%	0.8%	-0.7%
Earnings yield	4.0%	1.9%	2.0%	0.4%	0.5%	0.1%	0.4%	0.4%
Enterprise value	₹868.9M	₹1.2B	₹1.3B	₹2.1B	₹2.1B	₹2B	₹2B	₹2B
Net debt / EBITDA	3.76×	-0.46×	0.45×	-77.81×	0.97×	1.16×	-1.75×	-0.22×
Cash conversion cycle (days)	73	64	77	68	65	90	69	87