Grauer & Weil (India) Limited (GRAUWEIL.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

+20.5%

₹92.76

vs ₹77.00 price

Levered DCF

₹123.14

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	14.99×	23.86×	29.81×	19.78×	16.82×	12.89×	10.13×	17.73×
P/B	2.27×	3.99×	5.42×	1.64×	1.14×	0.86×	0.86×	1.41×
P/S	2.07×	3.31×	4.08×	1.19×	0.86×	0.74×	0.67×	1.01×
EV / EBITDA	9.21×	15.55×	19.21×	5.99×	4.41×	3.13×	3.19×	5.14×
Gross margin	39.2%	36.6%	23.0%	36.0%	18.4%	19.5%	40.9%	38.2%
Operating margin	14.2%	14.6%	16.1%	14.8%	12.7%	14.4%	13.9%	16.3%
Net margin	13.8%	13.9%	13.7%	12.1%	10.2%	11.4%	13.2%	11.4%
Current ratio	2.71×	3.15×	3.16×	2.87×	2.89×	2.7×	2.55×	2.49×
Debt / equity	0.01×	0.01×	0.03×	0.04×	0.04×	0.04×	0.05×	0.05×
Interest coverage	63.06×	46.16×	36.15×	54.61×	30.08×	30.35×	24.56×	56.51×
Dividend yield	0.9%	0.6%	0.4%	1.3%	1.7%	0.0%	7.8%	2.9%
Payout ratio	13.8%	14.4%	12.5%	13.1%	14.4%	0.0%	39.6%	25.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.2%	16.7%	18.2%	16.6%	13.5%	13.4%	17.1%	15.9%
Return on invested capital	11.3%	12.5%	14.6%	13.6%	11.0%	10.8%	12.4%	13.2%
Return on assets	11.4%	12.2%	13.0%	11.8%	9.6%	9.2%	11.8%	11.0%
Free cash flow yield	5.2%	3.5%	2.9%	8.9%	3.4%	22.1%	16.0%	-2.2%
Earnings yield	6.7%	4.2%	3.4%	10.1%	11.9%	15.5%	19.8%	11.3%
Enterprise value	₹22.4B	₹36.5B	₹42.7B	₹10.4B	₹5.7B	₹3.6B	₹3.7B	₹5.5B
Net debt / EBITDA	-0.91×	-0.41×	-0.45×	-0.41×	-0.71×	-0.72×	-0.09×	-0.16×
Cash conversion cycle (days)	65	71	71	80	92	81	102	109