Inter State Oil Carrier Limited (INTSTOIL.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

-2617.8%

-₹1,183.37

vs ₹47.00 price

Levered DCF

-₹1,474.01

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 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	7.87×	17.08×	21.39×	-24.4×	4.27×	1.82×	-3.17×	-3.61×
P/B	0.71×	1.01×	1.02×	0.6×	0.66×	0.3×	0.25×	0.48×
P/S	0.14×	0.22×	0.22×	0.19×	0.26×	0.13×	0.1×	0.2×
EV / EBITDA	4.4×	5.6×	4.94×	6.66×	4.05×	2.06×	4.07×	23.23×
Gross margin	5.2%	5.1%	10.2%	3.3%	5.9%	4.3%	5.1%	6.3%
Operating margin	3.7%	3.3%	3.8%	11.0%	16.3%	18.2%	2.8%	3.5%
Net margin	1.8%	1.3%	1.0%	-0.8%	6.0%	7.1%	-3.2%	-5.7%
Current ratio	1.21×	1.04×	1.09×	0.97×	1.2×	0.99×	0.92×	0.89×
Debt / equity	1.36×	1.24×	1.06×	1.22×	0.91×	0.49×	0.66×	0.78×
Interest coverage	1.72×	1.66×	1.87×	3.63×	6.8×	8.59×	0.99×	1.08×
Dividend yield	3.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	26.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.1%	5.9%	4.7%	-2.5%	15.4%	16.4%	-8.0%	-13.3%
Return on invested capital	5.5%	4.9%	4.5%	9.1%	18.0%	21.9%	3.2%	3.9%
Return on assets	3.3%	2.3%	1.9%	-1.0%	7.1%	9.0%	-4.2%	-6.7%
Free cash flow yield	-26.2%	-18.9%	6.4%	-46.2%	-103.0%	9.9%	77.4%	-26.5%
Earnings yield	12.7%	5.9%	4.7%	-4.1%	23.4%	54.9%	-31.6%	-27.7%
Enterprise value	₹438M	₹427.7M	₹365.2M	₹313.1M	₹276.7M	₹117M	₹112.2M	₹168.7M
Net debt / EBITDA	2.88×	3.05×	2.44×	4.46×	2.35×	1.27×	2.92×	14.3×
Cash conversion cycle (days)	47	39	52	43	49	23	35	42