Jindal Poly Investment and Finance Company Limited (JPOLYINVST.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

+8837.9%

₹80,883.36

vs ₹904.95 price

Levered DCF

₹18,425.23

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

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	1.26×	2.49×	2.34×	1.65×	0.38×	-2.12×	-0.07×	-0.15×
P/B	0.67×	0.48×	0.26×	0.2×	0.12×	-0.17×	-0.04×	-0.12×
P/S	1.04×	1,100.24×	2,985.86×	0.15×	0.16×	32.26×	7.33×	34.69×
EV / EBITDA	1.1×	24.41×	2.4×	0.43×	0.82×	11.86×	-3.67×	-1.28×
Gross margin	99.9%	73.7%	29.8%	48.2%	53.2%	63.6%	63.9%	42.7%
Operating margin	99.8%	4671.8%	15395.5%	28.1%	57.8%	2078.4%	-6175.1%	-12443.1%
Net margin	82.7%	44161.8%	127622.5%	9.2%	42.1%	-1524.3%	-10725.7%	-23627.1%
Current ratio	0.67×	0.08×	0.1×	275.59×	1.02×	0.24×	0.32×	4.26×
Debt / equity	0.01×	0.02×	0.01×	0.01×	0.62×	-1.13×	-1.15×	-0.77×
Interest coverage	749.84×	21.11×	23.98×	7.64×	10.16×	0.41×	-1.37×	-3.17×
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	53.4%	19.4%	11.1%	11.9%	32.4%	8.0%	56.3%	83.5%
Return on invested capital	49.2%	2.0%	1.3%	23.2%	16.2%	7.2%	-21.5%	-32.7%
Return on assets	47.9%	18.9%	10.9%	11.6%	10.8%	-3.1%	-24.7%	-49.1%
Free cash flow yield	0.0%	0.2%	-0.1%	230.8%	230.3%	1.0%	-28.4%	-0.1%
Earnings yield	79.2%	40.1%	42.7%	60.4%	263.0%	-47.3%	-1462.6%	-681.1%
Enterprise value	₹11.1B	₹7.6B	₹7.2B	₹4.9B	₹15.4B	₹2.6B	₹2.3B	₹2.6B
Net debt / EBITDA	0.02×	0.86×	0.09×	0.02×	0.66×	10.31×	-3.55×	-1.1×
Cash conversion cycle (days)	0	38	103	-0	-31	2,153	12,935	6,253