Jayant Agro-Organics Limited (JAYAGROGN.NS) 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

+17.9%

₹261.11

vs ₹221.50 price

Levered DCF

₹194.25

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.45

Safe zone

Rating

Overall 2 / 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	8.91×	11.97×	13.21×	8.92×	8.42×	8.52×	-5.38×	9.81×
P/B	0.74×	1.14×	1.25×	0.87×	1.6×	1.07×	0.53×	1.45×
P/S	0.19×	0.26×	0.32×	0.16×	0.29×	0.25×	0.07×	0.23×
EV / EBITDA	5.47×	6.87×	8.45×	5.28×	5.71×	5.65×	-43.6×	6.78×
Gross margin	11.4%	15.9%	6.0%	6.5%	9.5%	16.4%	5.6%	12.9%
Operating margin	3.4%	13.2%	3.7%	2.3%	4.0%	14.1%	-0.9%	5.3%
Net margin	2.1%	2.2%	2.5%	1.8%	3.5%	3.0%	-1.3%	2.3%
Current ratio	2.07×	2.4×	2.13×	2.56×	2.03×	1.77×	1.42×	1.36×
Debt / equity	0.22×	0.19×	0.29×	0.19×	0.32×	0.43×	0.57×	1.2×
Interest coverage	5.34×	17.63×	8.2×	4.68×	6.49×	15.86×	-0.54×	2.89×
Dividend yield	1.7%	3.4%	2.2%	2.0%	0.4%	0.0%	4.2%	1.0%
Payout ratio	14.9%	40.6%	28.4%	18.2%	3.4%	0.0%	-22.5%	9.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.3%	9.5%	9.7%	9.7%	19.0%	12.6%	-9.9%	14.8%
Return on invested capital	7.4%	32.8%	7.6%	6.9%	11.2%	28.5%	-2.3%	9.3%
Return on assets	5.1%	6.3%	6.0%	6.5%	11.3%	7.1%	-5.2%	5.5%
Free cash flow yield	-1.4%	13.7%	-5.4%	18.5%	6.3%	8.3%	178.6%	28.9%
Earnings yield	11.2%	8.4%	7.8%	11.2%	11.9%	11.7%	-18.6%	10.2%
Enterprise value	₹5.7B	₹7.6B	₹8.3B	₹5.2B	₹8.8B	₹5.7B	₹3.5B	₹9.9B
Net debt / EBITDA	1.14×	0.92×	1.51×	0.83×	0.85×	1.58×	-22.1×	3.04×
Cash conversion cycle (days)	69	58	70	46	63	77	41	94