Hexa Tradex Limited (HEXATRADEX.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

-111.7%

-₹17.62

vs ₹150.99 price

Levered DCF

-₹1.40

After debt service

Piotroski score

2 / 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	-98.26×	-42.37×	9.1×	-31.65×	-36.04×	43.11×	-1.77×	2.71×
P/B	0.19×	0.24×	0.22×	0.36×	0.38×	0.34×	0.15×	0.45×
P/S	186.93×	231.95×	8.84×	762.83×	2,155.52×	1,062.9×	151.88×	2,220.35×
EV / EBITDA	359.3×	-114.18×	7.53×	-24.41×	-49.55×	42.17×	-2.1×	3.44×
Gross margin	62.3%	-25.7%	85.0%	-5753.6%	-11087.6%	-332.7%	-724.8%	-3750.2%
Operating margin	52.3%	-207.5%	123.8%	-5382.9%	-6768.1%	2541.2%	-7519.8%	87725.3%
Net margin	-190.2%	-546.9%	97.1%	-2408.0%	-5975.3%	2469.8%	-8559.3%	81887.7%
Current ratio	3.38×	2.84×	3.54×	0.26×	0.31×	0.9×	0.86×	0.03×
Debt / equity	0×	0×	0.01×	0.26×	0.21×	0×	0.01×	0.08×
Interest coverage	1.45×	0×	0×	-58.6×	-33.08×	16,322.67×	0×	64.23×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-0.2%	-0.6%	2.4%	-1.1%	-1.1%	0.8%	-8.4%	16.4%
Return on invested capital	0.0%	-0.2%	1.9%	-0.6%	-0.6%	0.6%	-5.6%	16.0%
Return on assets	-0.2%	-0.5%	1.9%	-0.8%	-0.7%	0.6%	-7.8%	14.6%
Free cash flow yield	0.0%	2.5%	11.5%	-2.8%	-2.4%	-0.6%	16.3%	-1.2%
Earnings yield	-1.0%	-2.4%	11.0%	-3.2%	-2.8%	2.3%	-56.4%	36.9%
Enterprise value	₹8.7B	₹10.8B	₹8.9B	₹14B	₹14.1B	₹4.1B	₹366.8M	₹1.5B
Net debt / EBITDA	3.56×	-2.29×	0.39×	-10.24×	-17.7×	0.35×	-0.08×	0.51×
Cash conversion cycle (days)	0	1	0	334	208	4,674	7,724	777