Jaipan Industries Limited (JAIPAN.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

-709.3%

-₹272.25

vs ₹44.68 price

Levered DCF

-₹29.92

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	4.34×	78.33×	-1.9×	12.29×	38.68×	31.79×	18.1×	58.06×
P/B	1.87×	4.26×	5.21×	1.12×	0.57×	0.33×	0.23×	0.78×
P/S	0.53×	0.65×	0.96×	0.44×	0.34×	0.32×	0.14×	0.43×
EV / EBITDA	5.09×	25.84×	-2.19×	-11.34×	-7.64×	10.62×	6.7×	15.63×
Gross margin	14.4%	13.8%	6.8%	6.2%	17.7%	21.6%	19.3%	17.9%
Operating margin	2.4%	2.5%	-6.4%	2.1%	3.4%	14.4%	13.1%	13.1%
Net margin	12.2%	0.8%	-50.4%	3.6%	0.9%	1.0%	0.8%	0.7%
Current ratio	5.12×	1.55×	1.4×	2.28×	3.07×	3.32×	0.07×	4.52×
Debt / equity	0.93×	1.61×	0.89×	0.34×	0.31×	0.28×	0.18×	0.15×
Interest coverage	1.84×	1.43×	-3.42×	2.11×	1.98×	5.1×	7.07×	7.3×
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	43.2%	5.4%	-273.9%	9.2%	1.4%	1.0%	1.3%	1.3%
Return on invested capital	4.3%	6.3%	-14.8%	3.2%	4.3%	11.7%	-280.6%	23.4%
Return on assets	18.4%	1.4%	-60.9%	5.0%	0.9%	0.7%	1.0%	1.1%
Free cash flow yield	5.3%	-0.8%	-9.9%	10.9%	-7.9%	-5.7%	-10.3%	0.1%
Earnings yield	23.1%	1.3%	-52.5%	8.1%	2.6%	3.1%	5.6%	1.7%
Enterprise value	₹198.2M	₹243M	₹235.6M	₹200.2M	₹116.2M	₹75.5M	₹48.2M	₹120.4M
Net debt / EBITDA	1.38×	6.02×	-0.18×	-1.49×	-2.37×	4.07×	2.25×	1.38×
Cash conversion cycle (days)	127	81	18	140	242	379	228	185