Integrated Proteins Limited (INTEGFD.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

-65.0%

₹5.08

vs ₹14.50 price

Levered DCF

-₹3.03

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

D+

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	618.33×	57.92×	60.71×	124.35×	136.36×	48.94×	140.8×	31.69×
P/B	6.97×	0.72×	2.09×	1.53×	1.93×	0.42×	0.32×	0.32×
P/S	14.4×	0.66×	22.94×	23.02×	0×	0×	0×	0×
EV / EBITDA	505.11×	55.43×	-45.86×	-47.22×	-62.67×	-9.81×	-6.45×	-5.35×
Gross margin	4.4%	3.3%	6.4%	12.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	2.8%	2.1%	-61.0%	-68.1%	0.0%	0.0%	0.0%	0.0%
Net margin	2.3%	1.2%	37.6%	18.5%	0.0%	0.0%	0.0%	0.0%
Current ratio	244.23×	2.64×	1.2×	0.84×	0.72×	1.14×	3.05×	3.72×
Debt / equity	0×	0.19×	0.01×	0.08×	0.03×	0.01×	0×	0×
Interest coverage	0×	0×	-1,449×	-1,137×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.1%	1.2%	3.4%	1.2%	1.5%	0.9%	0.2%	1.0%
Return on invested capital	1.1%	1.5%	-4.7%	-3.1%	-0.4%	-0.7%	-1.8%	-6.9%
Return on assets	1.1%	0.8%	3.3%	1.1%	1.4%	0.8%	0.2%	1.0%
Free cash flow yield	2.5%	-153.5%	-1.1%	-3.1%	-1.9%	-8.9%	-19.8%	18.3%
Earnings yield	0.2%	1.7%	1.6%	0.8%	0.8%	2.0%	0.7%	3.2%
Enterprise value	₹1.4B	₹182.4M	₹54.2M	₹40.1M	₹48.5M	₹10M	₹7.6M	₹7.5M
Net debt / EBITDA	0.06×	11.58×	0.22×	-1.94×	-0.57×	0.35×	0.26×	0.27×
Cash conversion cycle (days)	76	-139	-21	-141	0	0	0	0