Hindustan Motors Limited (HINDMOTORS.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

-90.6%

₹1.27

vs ₹13.62 price

Levered DCF

₹1.28

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

7.88

Safe zone

Rating

D+

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	-10,360×	31.47×	14.11×	5,890.91×	13.57×	35.67×	-76.96×	6.24×
P/B	6.46×	15.43×	21.99×	-29.93×	-27.6×	-4.83×	-2.02×	-5.51×
P/S	0×	219.08×	110.64×	0×	0×	114.4×	301.77×	308.91×
EV / EBITDA	-46.58×	25.95×	13.81×	-763.21×	12.64×	20.43×	1,328.45×	6.54×
Gross margin	0.0%	100.0%	87.2%	0.0%	0.0%	-119.8%	-31.5%	-57.6%
Operating margin	0.0%	-132.0%	-47.9%	0.0%	0.0%	-396.9%	-2820.7%	-1230.8%
Net margin	0.0%	692.5%	782.9%	0.0%	0.0%	321.4%	-392.5%	4949.7%
Current ratio	2.46×	1.76×	1.19×	0.3×	0.34×	0.19×	0.09×	0.14×
Debt / equity	0×	0.56×	1.1×	-1.98×	-1.96×	-0.65×	-0.57×	-0.59×
Interest coverage	-197×	-35.87×	-51.47×	-43.15×	-414.09×	-50.91×	-118.35×	-4.03×
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	-0.1%	48.8%	155.6%	-0.5%	-204.2%	-13.6%	2.6%	-88.3%
Return on invested capital	-4.8%	-4.8%	-4.2%	2.0%	-56.1%	53.3%	61.3%	69.2%
Return on assets	-0.0%	24.2%	48.2%	0.2%	61.6%	12.8%	-3.1%	87.9%
Free cash flow yield	13.7%	-5.5%	-4.3%	0.4%	-7.2%	-3.5%	-2.3%	-8.4%
Earnings yield	-0.0%	3.2%	7.1%	0.0%	7.4%	2.8%	-1.3%	16.0%
Enterprise value	₹1.8B	₹4.9B	₹3.6B	₹2.8B	₹2.7B	₹1.4B	₹799.7M	₹1.8B
Net debt / EBITDA	6.54×	0.03×	-0.15×	-28.96×	0.63×	1.51×	274.75×	0.55×
Cash conversion cycle (days)	-4,297	67	-2,487	-2,746	-3,638	-613	-10,353	-3,497