Inflame Appliances Limited (INFLAME.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

-1874.6%

-₹3,926.33

vs ₹221.25 price

Levered DCF

-₹4,556.88

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.86

Grey zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	30.1×	42.01×	354.08×	138.55×	-238.26×	-112.32×	-88.72×	182.85×
P/B	2.84×	2.34×	7.9×	10.86×	27.39×	89.92×	49.93×	30.99×
P/S	1.17×	1.24×	4.02×	5.8×	9.89×	18.99×	24.53×	6.85×
EV / EBITDA	11.53×	13.48×	43.81×	44.9×	276.3×	-256.78×	-130.9×	97.23×
Gross margin	18.5%	35.0%	27.9%	15.9%	6.2%	-10.6%	-19.4%	17.1%
Operating margin	8.5%	6.9%	3.7%	10.2%	-0.9%	-18.2%	-37.0%	4.1%
Net margin	3.9%	2.9%	1.1%	4.2%	-4.2%	-16.9%	-27.7%	3.7%
Current ratio	1.62×	1.65×	1.61×	1.67×	1.16×	1.09×	0.92×	1.16×
Debt / equity	0.85×	0.75×	0.81×	0.66×	0.95×	4.49×	1.2×	0.28×
Interest coverage	2.6×	1.96×	1.08×	3.75×	-0.21×	-3.4×	-7.74×	6.44×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-8.5%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.4%	5.6%	2.2%	7.8%	-11.5%	-80.1%	-56.3%	16.9%
Return on invested capital	8.0%	5.8%	2.8%	8.4%	-1.0%	-10.1%	-20.5%	8.4%
Return on assets	4.0%	2.4%	1.0%	3.9%	-4.2%	-8.7%	-13.2%	6.1%
Free cash flow yield	-6.4%	-6.8%	-2.8%	-6.6%	-2.2%	-2.0%	-1.5%	255.9%
Earnings yield	3.3%	2.4%	0.3%	0.7%	-0.4%	-0.9%	-1.1%	0.5%
Enterprise value	₹2.2B	₹1.7B	₹4B	₹4.7B	₹4B	₹3.9B	₹3.9B	₹3.8B
Net debt / EBITDA	2.49×	3×	3.35×	1.78×	8.87×	-11.04×	-2.92×	0.65×
Cash conversion cycle (days)	172	202	164	145	128	210	181	38