Hawkins Cookers Limited (HAWKINCOOK.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

-24.3%

₹5,902.51

vs ₹7,795.65 price

Levered DCF

₹4,247.33

After debt service

Piotroski score

3 / 9

Weak

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	30.05×	33.87×	29.44×	34.37×	31.95×	35.05×	28.33×	30.25×
P/B	8.85×	10.14×	9.7×	11.8×	12.57×	15.91×	14.7×	13.83×
P/S	3.15×	3.48×	3.16×	3.24×	2.8×	3.72×	3.09×	2.54×
EV / EBITDA	21.86×	23.18×	20.18×	23.57×	21.65×	24.06×	19.53×	18.49×
Gross margin	39.4%	40.0%	29.4%	26.7%	25.4%	51.4%	55.7%	54.0%
Operating margin	13.3%	12.9%	14.0%	12.8%	11.9%	13.9%	14.7%	12.7%
Net margin	10.5%	10.3%	10.7%	9.4%	8.8%	10.6%	10.9%	8.4%
Current ratio	2.53×	2.6×	2.51×	2.44×	2.24×	1.79×	1.81×	1.89×
Debt / equity	0.07×	0.06×	0.09×	0.15×	0.2×	0.21×	0.28×	0.26×
Interest coverage	47.35×	49.74×	31.4×	26.46×	18.79×	22.35×	24.55×	20.58×
Dividend yield	1.7%	1.6%	1.6%	1.0%	1.8%	1.5%	2.5%	2.7%
Payout ratio	52.4%	55.4%	48.5%	33.9%	57.0%	52.6%	70.3%	82.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	29.5%	29.9%	32.9%	34.3%	39.4%	45.4%	51.9%	45.7%
Return on invested capital	25.6%	25.7%	28.4%	29.3%	32.0%	35.8%	39.4%	35.2%
Return on assets	19.1%	19.6%	20.9%	20.6%	20.5%	20.6%	24.3%	20.3%
Free cash flow yield	1.5%	2.0%	4.6%	2.2%	-2.7%	6.2%	2.7%	-0.9%
Earnings yield	3.3%	3.0%	3.4%	2.9%	3.1%	2.9%	3.5%	3.3%
Enterprise value	₹39.5B	₹39B	₹32.4B	₹32.9B	₹27.2B	₹28.4B	₹20.9B	₹16.7B
Net debt / EBITDA	0.05×	0.07×	0.07×	0.22×	0.32×	0.14×	0.35×	0.33×
Cash conversion cycle (days)	63	73	69	111	114	50	142	110