Jubilant Ingrevia Limited (JUBLINGREA.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

-48.9%

₹287.58

vs ₹562.40 price

Levered DCF

₹288.12

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.19

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	30.91×	41.01×	40.46×	18.61×	15.01×	12.5×
P/B	2.75×	3.53×	2.7×	2.15×	2.94×	2.15×
P/S	1.96×	2.51×	1.8×	1.21×	1.46×	6.08×
EV / EBITDA	15.47×	19.78×	17.68×	10.45×	8.56×	43.34×
Gross margin	24.5%	46.1%	45.1%	43.1%	39.8%	40.9%
Operating margin	8.9%	8.9%	7.2%	9.4%	14.9%	14.5%
Net margin	6.3%	6.1%	4.5%	6.5%	9.7%	8.0%
Current ratio	1.29×	1.32×	1.38×	1.54×	1.68×	1.59×
Debt / equity	0.25×	0.26×	0.27×	0.15×	0.1×	0.29×
Interest coverage	7.97×	6.62×	5.58×	20.58×	23.73×	13.43×
Dividend yield	0.9%	0.8%	1.1%	1.4%	0.6%	0.0%
Payout ratio	28.5%	31.8%	43.0%	25.8%	9.5%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	8.9%	8.6%	6.7%	11.5%	19.6%	2.8%
Return on invested capital	6.8%	6.7%	5.3%	9.4%	17.2%	2.7%
Return on assets	5.1%	5.0%	3.9%	7.2%	12.6%	1.6%
Free cash flow yield	1.9%	1.4%	-1.9%	-0.3%	3.1%	2.1%
Earnings yield	3.2%	2.4%	2.5%	5.4%	6.7%	1.3%
Enterprise value	₹91.9B	₹110B	₹80.6B	₹60.6B	₹73.5B	₹46.1B
Net debt / EBITDA	1.01×	1.2×	1.45×	0.58×	0.23×	4.53×
Cash conversion cycle (days)	58	75	91	81	70	268