Jainco Projects (India) Limited (JAINCO.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

-21.4%

₹3.30

vs ₹4.20 price

Levered DCF

-₹35.91

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

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	497×	1,775.34×	5,487.5×	459.72×	821.1×	1,441.67×	266.67×	2,550×
P/B	0.32×	1.22×	0.41×	0.31×	0.84×	0.16×	0.05×	0.05×
P/S	4.57×	17.68×	20.22×	82.34×	37.49×	303.51×	11.43×	5.68×
EV / EBITDA	11.6×	58.14×	227.45×	56×	168.14×	438.43×	278.38×	42.46×
Gross margin	33.1%	29.6%	74.5%	-173.4%	58.9%	-303.5%	-89.0%	-237.4%
Operating margin	11.6%	11.7%	-0.4%	-466.4%	-26.6%	-1687.7%	-220.7%	-426.2%
Net margin	0.9%	1.0%	0.4%	17.9%	4.6%	21.1%	4.3%	0.2%
Current ratio	2.29×	1.2×	1.81×	2.03×	1.92×	1.93×	1.95×	1.42×
Debt / equity	0.27×	1.8×	0.62×	0.62×	0.62×	0.62×	0.47×	0.62×
Interest coverage	0.16×	0.16×	0×	-2.17×	-634×	-35.63×	-57.94×	-2.7×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.1%	0.1%	0.0%	0.1%	0.1%	0.0%	0.0%	0.0%
Return on invested capital	0.5%	0.2%	-0.0%	-0.8%	-0.3%	-0.4%	-0.4%	-0.3%
Return on assets	0.1%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%
Free cash flow yield	471.4%	-95.9%	-3.5%	-8.1%	-1.7%	-4.9%	11.8%	-152.0%
Earnings yield	0.2%	0.1%	0.0%	0.2%	0.1%	0.1%	0.4%	0.0%
Enterprise value	₹63.1M	₹319.4M	₹109.4M	₹98.5M	₹154.9M	₹82.9M	₹54M	₹70.9M
Net debt / EBITDA	5.3×	34.54×	136.18×	37.17×	70.96×	346.89×	253.64×	39.4×
Cash conversion cycle (days)	9,304	9,622	17,886	58,334	11,716	632,345	57,818	59,706