Heranba Industries Limited (HERANBA.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

-471.9%

-₹544.93

vs ₹146.51 price

Levered DCF

-₹767.17

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	-8.25×	289.88×	35.36×	10.73×	12.8×	16.02×	32.47×	41.59×
P/B	0.83×	1.06×	1.46×	1.38×	3.39×	4.68×	9.89×	13.85×
P/S	0.4×	0.63×	0.99×	0.85×	1.69×	2.06×	3.4×	3.2×
EV / EBITDA	15.32×	11.34×	15.45×	6.62×	8.52×	10.68×	22.03×	23.07×
Gross margin	17.5%	33.3%	29.7%	32.7%	35.1%	35.2%	31.8%	29.7%
Operating margin	-1.8%	25.9%	4.1%	10.0%	16.7%	17.2%	13.0%	12.6%
Net margin	-4.8%	0.2%	2.8%	8.0%	13.2%	12.8%	10.5%	7.7%
Current ratio	1.08×	1.2×	1.42×	2.49×	2.48×	2.23×	1.6×	1.42×
Debt / equity	0.76×	0.41×	0.2×	0.11×	0.08×	0.1×	0.14×	0.22×
Interest coverage	-0.58×	11.92×	4.18×	18.15×	58.96×	38.29×	13.71×	11.69×
Dividend yield	0.6%	0.6%	0.4%	0.7%	0.1%	0.2%	0.1%	0.1%
Payout ratio	-5.2%	162.9%	14.3%	7.7%	1.5%	3.8%	4.8%	6.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-10.0%	0.4%	4.1%	12.9%	26.5%	29.2%	30.4%	33.3%
Return on invested capital	-2.1%	3.8%	3.3%	10.9%	22.7%	25.2%	24.7%	27.8%
Return on assets	-3.9%	0.2%	2.4%	9.0%	17.7%	18.3%	15.6%	13.8%
Free cash flow yield	-36.9%	-19.6%	-11.9%	5.5%	0.7%	1.5%	0.5%	2.0%
Earnings yield	-12.1%	0.3%	2.8%	9.3%	7.8%	6.2%	3.1%	2.4%
Enterprise value	₹11.8B	₹12B	₹13.7B	₹11.1B	₹23.8B	₹24.4B	₹32.1B	₹32B
Net debt / EBITDA	7.15×	2.9×	1.54×	-0.04×	-0.15×	-0.14×	0.28×	0.21×
Cash conversion cycle (days)	125	85	130	155	109	90	63	27