Halder Venture Limited (HALDER.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

-227.9%

-₹378.39

vs ₹295.75 price

Levered DCF

-₹625.71

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	10.03×	9.99×	7.32×	13.54×	4.46×	0.67×	0.96×	1.04×
P/B	1.61×	0.43×	0.48×	0.51×	0.67×	0.28×	0.09×	0.07×
P/S	0.45×	0.08×	0.04×	0.07×	0.04×	0.02×	0.02×	0.01×
EV / EBITDA	8.57×	5×	6.23×	10.68×	3.04×	5.69×	5.5×	5.7×
Gross margin	13.0%	24.8%	18.8%	23.4%	20.8%	16.8%	12.7%	16.1%
Operating margin	3.4%	4.5%	4.5%	2.3%	3.2%	4.9%	3.3%	3.1%
Net margin	4.4%	2.5%	1.8%	1.7%	2.5%	3.0%	1.6%	1.3%
Current ratio	1.2×	1.17×	1.26×	1.4×	1.72×	1.39×	1.58×	1.24×
Debt / equity	2.02×	1.94×	4.01×	3.68×	2.13×	4.28×	1.67×	1.63×
Interest coverage	0.82×	1.45×	1.52×	0.93×	3.01×	4.57×	1.47×	1.29×
Dividend yield	0.4%	0.5%	1.1%	1.2%	0.9%	0.0%	0.0%	0.0%
Payout ratio	4.3%	1.5%	2.7%	5.3%	1.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.1%	13.8%	19.7%	11.3%	44.9%	41.2%	9.3%	6.9%
Return on invested capital	3.1%	4.4%	5.3%	1.9%	9.1%	7.6%	4.6%	3.9%
Return on assets	4.7%	3.6%	2.6%	1.7%	8.4%	6.2%	2.7%	2.1%
Free cash flow yield	-18.6%	-103.8%	-42.3%	-361.5%	284.7%	-802.1%	-827.3%	208.8%
Earnings yield	10.0%	31.8%	41.0%	22.2%	67.3%	148.8%	104.6%	95.9%
Enterprise value	₹6.3B	₹3.5B	₹2.6B	₹2.2B	₹1.3B	₹2B	₹869.6M	₹807.4M
Net debt / EBITDA	4.63×	4.07×	5.55×	9.37×	2.28×	5.34×	5.22×	5.45×
Cash conversion cycle (days)	222	151	185	288	72	146	171	133