H.P. Cotton Textile Mills Limited (HPCOTTON.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

-184.2%

-₹75.78

vs ₹89.99 price

Levered DCF

₹16.67

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.76

Distress zone

Rating

Overall 3 / 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	13.23×	13.44×	58.66×	-1.77×	7.13×	4.28×	17.64×	-51.99×
P/B	2.04×	2.13×	3.86×	2.46×	1.63×	0.69×	0.31×	0.79×
P/S	0.3×	0.27×	0.58×	0.39×	0.39×	0.16×	0.08×	0.17×
EV / EBITDA	5.39×	5.4×	15.47×	-8.02×	5.41×	3.3×	9.17×	-137.87×
Gross margin	20.3%	21.4%	10.4%	-5.6%	60.4%	15.8%	57.9%	10.0%
Operating margin	6.3%	7.1%	-1.8%	-21.3%	5.0%	4.3%	-0.4%	-2.5%
Net margin	2.3%	2.0%	1.0%	-22.1%	5.5%	3.8%	0.4%	-0.3%
Current ratio	1.02×	0.86×	0.73×	0.79×	1.05×	1.06×	0.94×	0.91×
Debt / equity	2.03×	2.47×	2.85×	3.48×	1.14×	0.89×	0.81×	1.53×
Interest coverage	1.28×	1.36×	-0.25×	-3.26×	2.09×	1.61×	-0.08×	-0.71×
Dividend yield	0.0%	0.0%	0.0%	1.0%	0.0%	0.0%	0.0%	3.2%
Payout ratio	0.0%	0.0%	0.0%	-1.8%	0.0%	0.0%	0.0%	-164.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.4%	15.8%	6.6%	-139.2%	22.9%	16.1%	1.8%	-1.5%
Return on invested capital	9.0%	10.4%	0.6%	-27.2%	6.7%	5.8%	-0.7%	69.5%
Return on assets	3.2%	2.8%	1.0%	-19.6%	6.8%	4.4%	0.6%	-0.4%
Free cash flow yield	4.6%	16.4%	22.0%	-2.5%	-22.3%	-1.5%	159.3%	-20.9%
Earnings yield	7.6%	7.4%	1.7%	-56.5%	14.0%	23.3%	5.7%	-1.9%
Enterprise value	₹769.3M	₹745.9M	₹923.3M	₹760.7M	₹846.3M	₹352.3M	₹212.9M	₹421.8M
Net debt / EBITDA	2.64×	2.9×	6.57×	-4.65×	2.2×	1.85×	6.6×	-90.61×
Cash conversion cycle (days)	75	55	53	79	120	94	94	105