Hindprakash Industries Limited (HPIL.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

-65.3%

₹39.25

vs ₹113.00 price

Levered DCF

-₹61.66

After debt service

Piotroski score

2 / 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	47.68×	87.15×	97.22×	32.18×	39.75×	45.09×	24.74×	37.87×
P/B	2.41×	2.81×	2.97×	1.86×	2.78×	2.97×	2.45×	5.57×
P/S	1.14×	1.43×	1.5×	0.79×	1.05×	1.21×	0.8×	1.12×
EV / EBITDA	21.16×	32.51×	33.04×	17.89×	24.77×	27.71×	21.35×	23.63×
Gross margin	6.9%	5.7%	6.6%	6.4%	6.3%	4.1%	8.4%	8.3%
Operating margin	0.5%	2.2%	3.5%	3.3%	3.2%	3.0%	4.0%	7.2%
Net margin	2.4%	1.6%	1.5%	2.4%	2.6%	2.7%	3.2%	2.9%
Current ratio	2.55×	2.19×	1.53×	1.56×	4.23×	2.9×	2.62×	1.58×
Debt / equity	0.6×	0.58×	0.45×	0.5×	0.33×	0.4×	0.31×	1.05×
Interest coverage	0.14×	0.84×	1.33×	1.85×	3.65×	2.59×	3.37×	5.5×
Dividend yield	0.0%	0.1%	0.1%	0.3%	0.3%	0.3%	0.1%	0.0%
Payout ratio	0.1%	8.7%	7.1%	8.8%	10.6%	12.0%	1.3%	0.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.0%	3.2%	3.1%	5.8%	7.0%	6.6%	9.9%	14.5%
Return on invested capital	0.6%	2.0%	3.4%	3.8%	4.8%	4.0%	6.7%	12.3%
Return on assets	3.0%	1.8%	1.8%	3.1%	4.8%	4.3%	6.0%	5.9%
Free cash flow yield	-7.9%	-3.9%	1.9%	3.9%	1.8%	-3.5%	-2.6%	-8.0%
Earnings yield	2.1%	1.1%	1.0%	3.1%	2.5%	2.2%	4.0%	2.6%
Enterprise value	₹1.6B	₹1.7B	₹1.7B	₹999.3M	₹1.2B	₹1.2B	₹947.7M	₹1.3B
Net debt / EBITDA	3.92×	5.11×	4.3×	3.72×	2.62×	3.31×	2.39×	3.73×
Cash conversion cycle (days)	137	155	141	137	131	143	91	108