Jindal Hotels Limited (JINDHOT.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

+171.0%

₹161.28

vs ₹59.51 price

Levered DCF

₹67.45

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.56

Distress zone

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	17.89×	52.29×	18.24×	13.79×	-13.37×	-1.34×	21.55×	16.85×
P/B	1.53×	2.69×	2.06×	1.51×	1.91×	0.83×	0.54×	0.94×
P/S	0.78×	1.34×	1.01×	0.69×	1.08×	0.95×	0.39×	0.66×
EV / EBITDA	6.72×	13.47×	8.3×	7.52×	14.21×	-59.64×	5.68×	6.47×
Gross margin	53.2%	51.5%	42.1%	42.4%	34.2%	51.3%	36.6%	60.8%
Operating margin	17.2%	7.9%	15.2%	14.2%	4.3%	-36.6%	14.8%	16.4%
Net margin	4.4%	2.6%	5.6%	5.0%	-8.1%	-70.7%	1.8%	3.9%
Current ratio	0.86×	0.86×	1×	1.17×	1.57×	1.86×	1.69×	1.34×
Debt / equity	1.93×	2.28×	2.52×	3.15×	3.74×	3.06×	1.79×	1.97×
Interest coverage	2.11×	0.73×	1.26×	1.13×	0.26×	-1.19×	1.18×	1.31×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	1.6%	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	8.6%	5.1%	11.3%	11.0%	-14.3%	-61.8%	2.5%	5.6%
Return on invested capital	6.1%	2.7%	8.5%	7.2%	1.2%	-7.4%	4.5%	6.8%
Return on assets	2.6%	1.4%	2.9%	2.4%	-2.7%	-13.4%	0.8%	1.7%
Free cash flow yield	5.4%	13.9%	-2.0%	24.4%	-9.7%	4.7%	62.7%	32.1%
Earnings yield	5.6%	1.9%	5.5%	7.3%	-7.5%	-74.6%	4.6%	5.9%
Enterprise value	₹850.7M	₹1.1B	₹972.9M	₹875.4M	₹946.5M	₹668.1M	₹620.5M	₹772.4M
Net debt / EBITDA	3.73×	6.05×	4.56×	5.07×	9.39×	-46.54×	4.34×	4.36×
Cash conversion cycle (days)	84	50	73	52	71	146	134	133