Jindal Leasefin Ltd. (JLL.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

-61.1%

₹18.49

vs ₹47.51 price

Levered DCF

₹18.55

After debt service

Piotroski score

3 / 9

Weak

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	20.55×	-5.37×	-65.54×	-62.06×	42.23×	-181.61×	2.97×	55.17×
P/B	3.49×	2×	1.24×	0.8×	1.04×	0.64×	0.54×	0.71×
P/S	7.86×	-4.35×	1,396.8×	833.02×	157.19×	14.24×	2.88×	10.01×
EV / EBITDA	6.14×	-5.72×	-60.22×	-54.46×	-136.77×	25.41×	3.39×	19.54×
Gross margin	96.0%	103.2%	-626.7%	-655.0%	-3.8%	88.3%	95.0%	73.3%
Operating margin	89.4%	105.8%	-2528.0%	-1562.8%	-115.1%	58.6%	85.2%	50.0%
Net margin	38.4%	81.1%	-2148.7%	-1325.1%	372.3%	-7.8%	97.1%	18.0%
Current ratio	0×	262.09×	29.16×	57.59×	321.16×	19.41×	0.06×	5.48×
Debt / equity	0×	0.84×	0.11×	0.02×	0×	0.03×	0×	0×
Interest coverage	762.86×	-118.2×	-5,287.34×	-3,184.59×	-28×	9.16×	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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	17.1%	-37.3%	-1.9%	-1.3%	2.5%	-0.4%	18.1%	1.3%
Return on invested capital	16.2%	-13.8%	-1.7%	-1.2%	-0.8%	-0.4%	15.9%	1.2%
Return on assets	16.2%	-20.2%	-1.7%	-1.2%	2.4%	-0.3%	17.5%	1.2%
Free cash flow yield	11.2%	-24.4%	-0.3%	-0.1%	-3.3%	6.0%	28.8%	31.3%
Earnings yield	4.9%	-18.6%	-1.5%	-1.6%	2.4%	-0.6%	33.7%	1.8%
Enterprise value	₹131.2M	₹177.5M	₹111.8M	₹64.8M	₹82.2M	₹50.4M	₹38.7M	₹47.1M
Net debt / EBITDA	-2.65×	-1.61×	-4.97×	-1.11×	0.08×	1.13×	0.01×	-0.44×
Cash conversion cycle (days)	0	-7	8,702	802	0	13	5	14