Jubilant FoodWorks Limited (JUBLFOOD.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

+218.9%

₹1,346.29

vs ₹422.20 price

Levered DCF

₹1,235.74

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

—

Rating

B-

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	68.37×	206.2×	74.89×	82.07×	82.56×	165.54×	69.36×	60.26×
P/B	12.78×	20.67×	13.78×	14.22×	17.84×	26.88×	17.31×	15.3×
P/S	3.08×	5.34×	5.29×	5.62×	7.89×	11.58×	4.94×	5.41×
EV / EBITDA	17.51×	29.05×	25.07×	26.22×	32.19×	47.28×	22.7×	29.74×
Gross margin	54.5%	30.4%	32.1%	34.4%	37.3%	30.7%	31.6%	36.8%
Operating margin	9.8%	8.9%	10.3%	13.3%	15.8%	10.4%	13.8%	12.7%
Net margin	4.5%	2.6%	7.1%	6.8%	9.6%	7.0%	7.1%	9.0%
Current ratio	0.37×	0.55×	0.6×	0.67×	1×	0.97×	1.21×	1.49×
Debt / equity	2.14×	2.08×	1.94×	1.25×	1.08×	1.14×	1.49×	0×
Interest coverage	2.13×	1.38×	2.02×	3.41×	3.95×	2.12×	3.28×	0×
Dividend yield	0.3%	0.2%	0.3%	0.3%	0.2%	0.0%	0.9%	0.2%
Payout ratio	18.9%	37.4%	19.8%	22.4%	18.8%	0.0%	62.4%	10.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.7%	10.0%	18.4%	17.3%	21.6%	16.2%	25.0%	25.4%
Return on invested capital	8.5%	7.8%	7.0%	10.8%	12.7%	8.5%	13.4%	22.0%
Return on assets	4.5%	2.5%	4.9%	6.6%	8.8%	6.2%	8.3%	17.2%
Free cash flow yield	3.0%	1.9%	0.5%	0.6%	1.4%	1.3%	2.3%	1.3%
Earnings yield	1.5%	0.5%	1.3%	1.2%	1.2%	0.6%	1.4%	1.7%
Enterprise value	₹340.7B	₹477.3B	₹339.8B	₹315.1B	₹367.9B	₹399.1B	₹208.9B	₹192.5B
Net debt / EBITDA	2.45×	2.6×	3.01×	2.1×	1.82×	1.85×	1.6×	-0.04×
Cash conversion cycle (days)	-46	-17	-30	-39	-48	-62	-43	-53