Innovative Tech Pack Limited (INNOVTEC.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

+87.6%

₹21.78

vs ₹11.61 price

Levered DCF

₹12.30

After debt service

Piotroski score

1 / 9

Weak

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	15.95×	-2,819.05×	30.59×	-22.66×	-5.33×	-18.33×	9.46×	22.7×
P/B	0.79×	1.44×	1.53×	0.96×	1.12×	0.98×	0.42×	1.39×
P/S	0.23×	0.38×	0.38×	0.21×	0.25×	0.29×	0.13×	0.44×
EV / EBITDA	3.87×	6.92×	5.73×	5.14×	6.61×	5.75×	2.22×	4.64×
Gross margin	11.7%	13.3%	37.8%	6.5%	4.9%	40.0%	44.4%	40.0%
Operating margin	4.6%	2.9%	4.3%	2.0%	0.0%	3.3%	8.4%	8.4%
Net margin	1.5%	-0.0%	1.3%	-0.9%	-4.7%	-1.6%	1.3%	1.9%
Current ratio	1.37×	1.64×	1.11×	1.09×	1.01×	1.01×	0.96×	0.82×
Debt / equity	0.53×	0.74×	0.86×	1.11×	1.09×	1.11×	0.85×	1.05×
Interest coverage	1.16×	0.86×	1.14×	0.5×	0.01×	0.57×	1.19×	1.37×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.1%	0.4%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	20.2%	9.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.0%	-0.1%	5.0%	-4.2%	-21.1%	-5.3%	4.5%	6.1%
Return on invested capital	10.1%	6.3%	9.2%	4.4%	0.1%	4.0%	10.2%	8.0%
Return on assets	2.2%	-0.0%	1.8%	-1.3%	-6.5%	-1.8%	1.7%	2.3%
Free cash flow yield	19.9%	1.5%	24.1%	17.6%	38.2%	-14.7%	117.7%	3.2%
Earnings yield	6.3%	-0.0%	3.3%	-4.4%	-18.8%	-5.4%	10.6%	4.4%
Enterprise value	₹465.2M	₹743.8M	₹836.7M	₹699.9M	₹779.4M	₹889.1M	₹544.4M	₹1.1B
Net debt / EBITDA	1.39×	2.15×	1.99×	2.75×	3.25×	3.03×	1.45×	1.97×
Cash conversion cycle (days)	46	43	35	42	29	26	-4	27