Indo Amines Limited (INDOAMIN.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

-136.5%

-₹45.61

vs ₹125.10 price

Levered DCF

-₹79.19

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

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	7.81×	15.7×	20.07×	13.45×	34.77×	21.39×	65.9×	31.84×
P/B	1.58×	2.8×	3.17×	2.41×	4.27×	4.88×	5.94×	6.44×
P/S	0.53×	0.82×	0.89×	0.58×	1.03×	1.49×	1.7×	1.55×
EV / EBITDA	7.4×	9.96×	11.19×	8.43×	16.58×	13.96×	19.73×	15.16×
Gross margin	26.2%	25.5%	23.4%	24.5%	24.5%	28.5%	25.4%	23.8%
Operating margin	8.7%	7.8%	7.1%	7.9%	5.5%	9.6%	5.0%	7.9%
Net margin	6.8%	5.2%	4.6%	4.3%	3.0%	7.0%	2.7%	4.8%
Current ratio	1.3×	1.26×	1.3×	1.21×	1.07×	1.12×	1.12×	1.09×
Debt / equity	0.79×	0.9×	0.82×	1.03×	1.11×	0.98×	1.06×	1.05×
Interest coverage	4.27×	3.77×	3.01×	4.29×	3.07×	5.54×	2.16×	4.17×
Dividend yield	0.6%	0.4%	0.4%	0.6%	0.3%	0.7%	0.4%	0.5%
Payout ratio	4.6%	6.3%	8.3%	8.6%	9.2%	14.1%	26.0%	15.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	20.2%	17.6%	16.3%	18.1%	12.3%	23.0%	9.5%	20.2%
Return on invested capital	10.6%	10.0%	10.1%	11.5%	7.3%	12.1%	5.8%	10.5%
Return on assets	8.8%	7.2%	6.8%	6.8%	4.2%	8.3%	3.5%	7.3%
Free cash flow yield	-3.6%	-2.4%	4.7%	-2.0%	-3.0%	0.7%	0.2%	-2.2%
Earnings yield	12.8%	6.3%	5.1%	7.5%	2.9%	4.7%	1.6%	3.1%
Enterprise value	₹9.1B	₹11.6B	₹10.5B	₹7.7B	₹10B	₹9.5B	₹9.4B	₹9.3B
Net debt / EBITDA	2.35×	2.32×	2.28×	2.48×	3.33×	2.28×	2.89×	2.02×
Cash conversion cycle (days)	108	96	83	82	86	74	89	72