India Glycols Limited (INDIAGLYCO.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

-635.4%

-₹1,736.04

vs ₹324.25 price

Levered DCF

-₹1,548.20

After debt service

Piotroski score

4 / 9

Average

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	18.48×	15.45×	14.43×	15.21×	9.2×	4.9×	2.87×	3.29×
P/B	1.84×	0.79×	0.61×	0.5×	0.87×	0.55×	0.32×	0.45×
P/S	1.28×	0.47×	0.38×	0.36×	0.55×	0.28×	0.1×	0.13×
EV / EBITDA	10.1×	7.18×	6×	5.93×	5.22×	6.21×	4.56×	3.25×
Gross margin	20.4%	26.5%	32.0%	40.5%	29.5%	30.8%	30.2%	34.2%
Operating margin	11.7%	6.5%	9.7%	35.6%	6.4%	8.5%	7.0%	11.5%
Net margin	7.0%	6.1%	5.3%	4.7%	11.8%	5.7%	3.4%	4.0%
Current ratio	0.74×	0.78×	0.82×	0.88×	0.92×	0.97×	0.8×	0.8×
Debt / equity	0.58×	0.84×	0.66×	0.58×	0.58×	0.97×	0.97×	1.04×
Interest coverage	2.95×	1.5×	2.64×	9.39×	2.65×	2.25×	2.39×	2.64×
Dividend yield	1.4%	1.4%	1.8%	2.4%	1.2%	0.1%	13.5%	3.4%
Payout ratio	25.7%	10.6%	13.3%	18.4%	5.4%	0.3%	38.7%	11.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.0%	10.2%	8.4%	6.6%	19.0%	11.3%	11.1%	13.8%
Return on invested capital	7.4%	4.2%	6.4%	22.7%	4.9%	5.9%	5.9%	8.8%
Return on assets	4.5%	3.7%	3.1%	2.6%	7.3%	3.2%	2.8%	3.5%
Free cash flow yield	-3.2%	-22.3%	-9.2%	-11.9%	-16.9%	-1.8%	57.1%	1.8%
Earnings yield	5.4%	12.9%	13.9%	13.1%	21.7%	20.4%	34.8%	30.4%
Enterprise value	₹70.7B	₹36.7B	₹25.7B	₹20.6B	₹26B	₹17.8B	₹13.3B	₹14.1B
Net debt / EBITDA	2.37×	3.69×	3.09×	3.19×	2.08×	3.96×	3.42×	2.24×
Cash conversion cycle (days)	42	61	60	151	139	84	96	54