Hindustan Motors Limited (HINDUST.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

-61.9%

₹13.33

vs ₹35.00 price

Levered DCF

₹12.73

After debt service

Piotroski score

—

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	137.55×	-91.22×	46.87×	1.09×	-110.82×	-73.88×	32.95×	-93.77×
P/B	1.54×	2.31×	1.79×	0.9×	5.36×	5.11×	4.78×	5.6×
P/S	431.83×	360.44×	306.54×	147.72×	171.79×	176.79×	57.27×	175.26×
EV / EBITDA	42.78×	-86.88×	19.58×	0.05×	-33.18×	-59.9×	-29.09×	-89.7×
Gross margin	18.0%	17.6%	48.7%	49.8%	49.0%	49.6%	64.3%	31.0%
Operating margin	-867.4%	-847.9%	-493.6%	-885.0%	-280.1%	-217.5%	-45.5%	-269.6%
Net margin	309.9%	-395.6%	652.1%	13574.8%	-155.5%	-239.8%	174.5%	-190.2%
Current ratio	157.15×	330.68×	27.72×	22.4×	1.11×	1.92×	4.38×	7.01×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	-40.83×	-58.89×	0×	0×	0×	0×	0×	0×
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	1.1%	-2.5%	3.8%	83.1%	-4.9%	-6.9%	14.6%	-6.1%
Return on invested capital	-1.5%	-5.2%	-2.2%	-5.4%	-7.7%	-5.1%	3.4%	-7.7%
Return on assets	1.1%	-2.5%	3.7%	79.7%	-1.2%	-4.9%	12.9%	-5.4%
Free cash flow yield	2.8%	0.2%	-2.7%	-60.8%	48.2%	9.9%	-6.0%	-2.5%
Earnings yield	0.7%	-1.1%	2.1%	91.9%	-0.9%	-1.4%	3.0%	-1.1%
Enterprise value	₹130.8M	₹226.5M	₹125.9M	₹4.9M	₹57.2M	₹105.6M	₹104.3M	₹106.8M
Net debt / EBITDA	-18.37×	19.72×	-14.75×	-1.03×	29×	0.95×	0.82×	0.37×
Cash conversion cycle (days)	-53	11,834	71	-104	-102	-145	-98	-351