James Warren Tea Ltd (JAMESWARREN.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

+555.1%

₹1,611.46

vs ₹246.00 price

Levered DCF

₹208.27

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	7.44×	1.05×	44.2×	10.93×	15.82×	2.82×	17.97×	25.16×
P/B	0.47×	0.56×	1.03×	1×	1.39×	0.73×	0.6×	0.89×
P/S	0.83×	0.64×	0.77×	0.82×	1.21×	0.65×	0.38×	0.71×
EV / EBITDA	5.97×	0.98×	19.94×	7.93×	10.08×	2.39×	4.99×	11.44×
Gross margin	41.2%	45.8%	-7.1%	94.0%	92.1%	92.7%	89.5%	91.1%
Operating margin	8.6%	17.3%	-22.5%	-1.2%	3.8%	8.6%	2.0%	1.1%
Net margin	11.2%	61.1%	1.6%	7.5%	7.6%	23.0%	2.1%	2.8%
Current ratio	9.05×	8.99×	2.36×	2.7×	2.41×	4.74×	2.08×	1.87×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	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	6.3%	54.0%	2.2%	9.2%	8.8%	25.8%	3.4%	3.5%
Return on invested capital	4.4%	14.5%	-27.8%	-1.3%	3.6%	8.0%	1.8%	0.9%
Return on assets	5.6%	48.3%	1.7%	6.8%	6.3%	19.9%	2.2%	2.4%
Free cash flow yield	5.0%	21.1%	-16.6%	-0.5%	5.8%	17.3%	8.3%	10.7%
Earnings yield	13.4%	95.6%	2.1%	9.2%	6.3%	35.5%	5.6%	4.0%
Enterprise value	₹909.2M	₹1B	₹851.8M	₹1B	₹1.2B	₹804.7M	₹371.9M	₹997.7M
Net debt / EBITDA	-0.1×	-0.02×	-0.86×	-0.15×	-0.64×	-0.04×	-2.26×	-0.13×
Cash conversion cycle (days)	-2	4	24	-107	-119	-118	-146	-30