Haleos Labs Limited (HALEOSLABS.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

-130.3%

-₹422.91

vs ₹1,396.70 price

Levered DCF

₹2,610.55

After debt service

Piotroski score

—

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	20.85×	17.03×	22.11×	13.45×	8.35×	10.97×	5.31×	9.44×
P/B	1.69×	1.74×	1.14×	0.91×	1.39×	1.15×	0.47×	1.58×
P/S	1.08×	1.02×	0.67×	0.49×	0.61×	0.56×	0.21×	0.45×
EV / EBITDA	10.5×	8.63×	8.67×	7.5×	5.99×	6.41×	4.05×	5.74×
Gross margin	14.4%	34.8%	30.3%	27.1%	25.2%	15.4%	9.4%	10.0%
Operating margin	8.8%	8.9%	5.4%	5.8%	7.1%	9.3%	5.3%	6.4%
Net margin	5.2%	6.0%	3.0%	3.7%	7.3%	5.1%	4.0%	4.8%
Current ratio	1.04×	1.06×	1.07×	1.19×	1.15×	1.11×	1.23×	1.14×
Debt / equity	0.52×	0.44×	0.57×	0.6×	0.52×	0.5×	0.57×	0.45×
Interest coverage	4.53×	3.56×	1.64×	2.81×	4.33×	5.45×	2.63×	4.36×
Dividend yield	0.1%	0.1%	0.2%	0.3%	0.2%	0.0%	1.0%	0.8%
Payout ratio	2.6%	2.3%	5.0%	4.0%	1.8%	0.0%	5.4%	7.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.1%	10.2%	5.1%	6.8%	16.6%	10.5%	8.8%	16.8%
Return on invested capital	5.8%	6.9%	3.4%	4.0%	7.4%	7.9%	4.8%	10.1%
Return on assets	3.8%	5.2%	2.3%	2.9%	7.1%	4.4%	4.0%	6.6%
Free cash flow yield	-6.3%	5.5%	1.7%	-22.0%	-29.5%	-1.7%	-21.9%	2.0%
Earnings yield	4.8%	5.9%	4.5%	7.4%	12.0%	9.1%	18.8%	10.6%
Enterprise value	₹4.7B	₹4.3B	₹3B	₹2.5B	₹2.9B	₹2B	₹1.1B	₹2.1B
Net debt / EBITDA	2.42×	1.73×	2.88×	2.93×	1.62×	1.76×	2.09×	1.22×
Cash conversion cycle (days)	91	99	102	97	47	75	73	39