ITL Industries Limited (ITL.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

-82.1%

₹60.11

vs ₹336.55 price

Levered DCF

₹3.20

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	144.49×	13.5×	11.47×	7.14×	6.85×	6.62×	3.44×	7.86×
P/B	13.27×	1.56×	1.47×	0.88×	0.74×	0.67×	0.32×	1.31×
P/S	5.79×	0.68×	0.67×	0.38×	0.36×	0.37×	0.18×	0.52×
EV / EBITDA	78.01×	8.56×	7.79×	5.23×	5.27×	5.35×	3.73×	6.3×
Gross margin	15.4%	16.0%	13.0%	13.8%	13.5%	14.4%	32.2%	28.7%
Operating margin	5.9%	6.5%	6.4%	6.8%	7.2%	8.3%	9.6%	9.4%
Net margin	4.0%	5.1%	5.8%	5.4%	5.2%	5.6%	5.2%	6.6%
Current ratio	1.98×	1.97×	2.15×	2.03×	1.99×	1.95×	1.72×	1.57×
Debt / equity	0.25×	0.25×	0.22×	0.25×	0.32×	0.36×	0.43×	0.39×
Interest coverage	5.87×	6.63×	6.08×	5.96×	5.53×	4.54×	5×	8.38×
Dividend yield	0.0%	0.3%	0.3%	0.3%	0.4%	0.5%	1.4%	0.7%
Payout ratio	3.9%	3.5%	3.5%	2.1%	2.7%	3.2%	4.7%	5.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.2%	11.6%	12.8%	12.3%	10.7%	10.1%	9.3%	16.7%
Return on invested capital	7.7%	8.4%	8.5%	9.0%	8.1%	8.5%	7.8%	13.2%
Return on assets	5.3%	6.8%	7.8%	7.0%	5.8%	5.5%	4.6%	7.7%
Free cash flow yield	-0.3%	-1.8%	1.2%	6.9%	5.4%	-2.1%	-18.8%	-6.5%
Earnings yield	0.7%	7.4%	8.7%	14.0%	14.6%	15.1%	29.0%	12.7%
Enterprise value	₹11.9B	₹1.4B	₹1.2B	₹707.6M	₹580.1M	₹505.4M	₹329.9M	₹683.1M
Net debt / EBITDA	1.01×	1.08×	1×	1.16×	1.61×	1.87×	2.12×	1.43×
Cash conversion cycle (days)	130	128	125	115	149	165	264	162