Gujarat Apollo Industries Limited (GUJAPOLLO.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

-139.3%

-₹136.76

vs ₹348.00 price

Levered DCF

-₹635.29

After debt service

Piotroski score

3 / 9

Weak

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	82.53×	154.85×	24.23×	19.91×	26.35×	5.65×	5.82×	10×
P/B	0.97×	0.73×	0.56×	0.48×	0.47×	0.48×	0.31×	0.4×
P/S	9.27×	8.57×	3.45×	3.16×	4.39×	4.67×	5.74×	6.37×
EV / EBITDA	-49.3×	27.11×	14.2×	13.37×	12.37×	3.68×	8.22×	15.09×
Gross margin	-4.8%	-16.1%	49.7%	20.2%	31.8%	8.2%	-10.7%	-14.2%
Operating margin	-30.9%	-45.4%	41.0%	-12.1%	-14.1%	-23.0%	-32.8%	-29.2%
Net margin	11.2%	5.6%	14.6%	17.4%	14.7%	81.0%	51.3%	24.0%
Current ratio	4.64×	4×	6.39×	10.39×	6.42×	3.82×	15.91×	8.17×
Debt / equity	0.08×	0.1×	0.04×	0.05×	0.03×	0.12×	0.03×	0.04×
Interest coverage	-4.55×	-5.11×	15.57×	-3.66×	-3.16×	-6.22×	-6.83×	-7.1×
Dividend yield	1.0%	1.3%	1.8%	2.1%	1.9%	2.5%	5.5%	6.0%
Payout ratio	79.0%	200.5%	41.5%	37.7%	57.5%	14.2%	61.6%	159.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.2%	0.5%	2.3%	2.6%	1.6%	8.4%	2.8%	1.5%
Return on invested capital	-2.5%	-0.8%	5.3%	-1.7%	-0.8%	-1.1%	-1.4%	-1.5%
Return on assets	1.1%	0.4%	2.2%	2.4%	1.4%	7.3%	2.6%	1.4%
Free cash flow yield	-5.6%	-4.4%	-0.3%	-33.4%	-7.4%	-84.3%	6.2%	-3.5%
Earnings yield	1.2%	0.7%	4.2%	5.5%	3.3%	17.4%	8.9%	3.8%
Enterprise value	₹5.3B	₹4.1B	₹2.9B	₹2.5B	₹2.6B	₹3.2B	₹1.7B	₹1.8B
Net debt / EBITDA	-3.67×	3.33×	1.05×	1.34×	0.83×	0.74×	0.69×	-0.66×
Cash conversion cycle (days)	321	331	929	1,509	1,302	157	290	330