Jost's Engineering Company Limited (JOSTS.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

-58.1%

₹86.79

vs ₹207.00 price

Levered DCF

-₹70.20

After debt service

Piotroski score

2 / 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	6.82×	25.85×	19.52×	17.01×	20.22×	13.49×	47.86×	19.42×
P/B	1.35×	2.93×	3.33×	1.57×	1.3×	0.87×	1.04×	1.27×
P/S	0.86×	0.96×	1.03×	0.35×	0.35×	0.26×	0.23×	0.28×
EV / EBITDA	15.28×	8.2×	11.3×	4.44×	4.99×	3.83×	8×	8.36×
Gross margin	19.4%	37.8%	39.3%	36.9%	44.1%	18.1%	18.0%	42.1%
Operating margin	3.2%	10.8%	7.9%	6.6%	7.4%	6.8%	6.7%	6.3%
Net margin	12.6%	7.3%	5.3%	4.1%	3.6%	3.9%	0.5%	2.9%
Current ratio	3.72×	1.5×	1.48×	1.31×	1.41×	1.43×	1.25×	1.34×
Debt / equity	0.05×	0.3×	0.29×	0.18×	0.36×	0.44×	1.12×	1.06×
Interest coverage	1.58×	9.72×	8.95×	7.13×	6.08×	3.56×	2.35×	2.72×
Dividend yield	0.7%	0.4%	0.4%	0.9%	0.7%	1.1%	1.3%	0.7%
Payout ratio	4.8%	5.6%	7.1%	7.9%	6.2%	7.5%	62.0%	6.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.8%	22.4%	17.1%	18.5%	13.6%	12.9%	2.2%	13.1%
Return on invested capital	3.9%	18.3%	13.9%	17.0%	12.7%	9.8%	4.0%	12.4%
Return on assets	14.6%	10.8%	7.9%	7.5%	5.5%	5.0%	0.6%	3.7%
Free cash flow yield	-8.2%	-3.6%	-5.9%	14.7%	7.9%	48.5%	15.3%	-25.9%
Earnings yield	14.7%	7.6%	5.1%	11.8%	10.5%	14.8%	2.1%	10.3%
Enterprise value	₹2.1B	₹2.5B	₹2.1B	₹650.3M	₹533M	₹354.7M	₹530.4M	₹544M
Net debt / EBITDA	0.01×	0.54×	0.85×	0.33×	0.97×	1.12×	4.06×	3.49×
Cash conversion cycle (days)	96	50	49	33	45	75	65	45